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In response to COVID-19, the Government of Colombia deployed a comprehensive set of social protection programs, including the unconditional cash transfer program, Ingreso Solidario, launched in April 2020. The program was designed to provide income to nearly 3 million vulnerable households, mostly informal sector workers, who were not covered by any other of the existing cash transfer programs. In this context, the Colombian Government, in partnership with financial service providers, was able to deliver social assistance payments directly into beneficiary accounts. Ingreso Solidario took advantage of Colombia¡¯s newly enacted regulatory modernization, which was supportive of digital financial services to deliver cash transfer through deposits into bank accounts and mobile wallets. The 1.2 million beneficiaries who already had an account received their payment into these existing financial products. For the unbanked, the government deployed an ambitious strategy to financially include more than 1.7 million unbanked beneficiaries.

Join us to learn more about the innovations implemented by the Colombian government to reach new beneficiaries and deliver payments digitally under the Ingreso Solidario program. We¡¯ll explore the implications these innovations have had on beneficiaries and the challenges ahead in the journey to modernize G2P payments more broadly.