DaviPlata, a mobile wallet offered by Banco Davivienda in Colombia, is an application helping to shift social safety net payments – often paid in cash – to digital delivery.
In August 2006, 309 out of 1,100 municipalities in Colombia did not have the presence of a bank. Today 99% of all municipalities have access to financial services thanks to increased coverage by agents. Incentives offered by Banca de las Oportunidades were essential in expanding this access.
