The agreement will allow Nu Colombia to build the foundations to launch, in the future, a market strategy that promotes the financial inclusion of this population through access to digital financial services focused on savings accounts.

Visa recently teamed up with Oxfam America to serve as a payments partner in the Philippines, Columbia, Puerto Rico and Kenya.

A recent report found 86 percent of consumers in Colombia — approximately 1.6 million individuals — who had never had a bank account signed up for one between April and November 2020.