CAF to Promote Peru's Mobile Wallet System

Date: 
07 Mar 2016

The Development Bank of Latin America (CAF) will support Peruvian Bank Association's Financial Studies Center by promoting the Mobile Wallet (BIM) system along with financial education services.

Such project seeks to contribute to financial inclusion by focusing on two action lines: Financial capacity development of Northern Lima, Piura and Sullana regions' markets and stores vendors, as well as promotion of digital payment technologies aimed at reducing cash transactions. 

According to CAF Director Representative in Peru Eleonora Silva, this initiative will enable small businesses and average citizens to join the formal financial system in the medium-term.

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Type: 
General
Country: 
Peru