BBVA Microfinance Foundation: Committed to Technological Innovation as a Tool for Development

20 Jun 2016

The BBVA Microfinance Foundation took part in a high-level panel entitled “Digital technologies’ contribution to the Sustainable Development Goals” as an important example of the private sector’s support for the United Nations’ Sustainable Development Goals (SDGs). Claudio González-Vega, chairman of the Foundation’s Board of Trustees, explained how innovation and technological development improve access to financial services by vulnerable populations. 

The BBVA Microfinance Foundation is firmly committed to technological innovation, and its digital projects include a pilot program in Peru in which over one thousand of its employees, equipped with mobile devices, will bring the branch office to the entrepreneurs’ own homes and workplaces, thereby reducing transaction costs for both the customer and the bank. The goal is to use the new digital tools to reinforce direct contact and strengthen the relationship with the customers.

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