{"id":5210,"date":"2017-06-30T09:40:04","date_gmt":"2017-06-30T09:40:04","guid":{"rendered":"https:\/\/insights.invyo.io\/latam\/?p=5210"},"modified":"2017-06-30T09:40:04","modified_gmt":"2017-06-30T09:40:04","slug":"banking-the-unbanked-in-colombia-with-payphone-bank","status":"publish","type":"post","link":"https:\/\/insights.invyo.io\/latam\/fintech-latam\/banking-the-unbanked-in-colombia-with-payphone-bank\/","title":{"rendered":"Banking the unbanked in Colombia with &#8216;Payphone Bank&#8217;"},"content":{"rendered":"<p><strong>Colombia is no different than other emerging countries with millions of people who are still excluded from the traditional financial system.<\/strong><\/p>\n<p>Innovation can drive financial inclusion and &#8216;Payphone Bank&#8217; is the latest example of how telecom campanies are moving faster than banks through their existing infrastructures to improve \u00a0the lives of millions of people.<\/p>\n<p><iframe loading=\"lazy\" width=\"696\" height=\"392\" src=\"https:\/\/www.youtube.com\/embed\/4i6ZkzoIOJA?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture\" allowfullscreen><\/iframe><\/p>\n<h3>Key Figures<\/h3>\n<p><strong>8 million people<\/strong> are <strong>unbanked in Colombia<\/strong> and belong to the lowest income class with <strong>daily wages<\/strong> averaging<strong> $3.5<\/strong>.<\/p>\n<hr \/>\n<p>&#8216;Payphone Bank&#8217; can convert <strong>13,000 payphones<\/strong> across Colombia into a <strong>micro savings system<\/strong> for the under priviledged.<\/p>\n<hr \/>\n<p>Tigo-Une&#8217;s &#8220;Payphone Bank&#8221; has been awarded by the Grand Prix for Product Design at this year&#8217;s Cannes Lions and is set to help a lot of people around the country and elsewhere:<\/p>\n<blockquote><p>&#8220;We have more than 6,500 payphones all over the city available 24 hours a day so that people can go and save, buy appliances and do anything they need through the payphones&#8221; said Diego Serna, Head of Public Phones at TigoUne<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>Colombia is no different than other emerging countries with millions of people who are still excluded from the traditional financial system. Innovation can drive financial inclusion and &#8216;Payphone Bank&#8217; is the latest example of how telecom campanies are moving faster than banks through their existing infrastructures to improve \u00a0the lives of millions of people. Key [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":5213,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[18,6],"tags":[1537,276,1534,540,553,715,807,1536,1538,1533,1221,1535,1532,1399],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v17.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/insights.invyo.io\/latam\/fintech-latam\/banking-the-unbanked-in-colombia-with-payphone-bank\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Banking the unbanked in Colombia with &#039;Payphone Bank&#039; - INVYO Insights LATAM : Media Fintech\" \/>\n<meta property=\"og:description\" content=\"Colombia is no different than other emerging countries with millions of people who are still excluded from the traditional financial system. Innovation can drive financial inclusion and &#8216;Payphone Bank&#8217; is the latest example of how telecom campanies are moving faster than banks through their existing infrastructures to improve \u00a0the lives of millions of people. 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