Pandemic Drives Millions of Latin Americans Into Formal Financial Systems

In Brazil, Colombia, Chile, and Costa Rica, the requirement to have a bank account to receive emergency aid,oled millions to the banks.

RIO DE JANEIRO, BRAZIL - In some Latin American countries, the coronavirus pandemic did what campaigns and initiatives have for years failed to do: get millions of people to open their first bank account.

In Brazil, Colombia, Chile, and Costa Rica, people who want to receive economic assistance from the government during the confinement need a bank account in order . . .

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