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● projectCompleted · national · 2020

Ingreso Solidario: digital cash transfers via mobile wallets

Unconditional cash transfer program created in 2020 during the COVID-19 pandemic for poor and vulnerable households not covered by other social programs.

Close-up detail of industrial sewing machine componentsillustrative atlas image · Anna Shvets / Pexels
DPDepartamento para la Prosperidad Social (DPS)governmentD(DaviPlata (Banco Davivienda)companyJGJorge GallegoBHBridget Hoffmann
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01 The context

Its innovation was massive digital payment via mobile wallets (DaviPlata, Nequi, Movii) and simplified accounts, opening close to one million new accounts. It reached about 4 million households. It ended in December 2022, replaced by Renta Ciudadana.

02 How it works

tool · Mobile wallets and simplified accounts (DaviPlata, Nequi, Movii)tool · Targeting via Sisbén and administrative databases

03 What it stands on

Evidence level
Own experience
Grounded in published theory
Documented evidence elsewhere
Independently evaluated here
1 published document supports this project. No independent evaluation is in the atlas yet. Know of any? Contribute it.
The evidence 1 ›
EvidenceImpactos del programa Ingreso Solidario frente a la crisis del COVID-19 en ColombiaBanco Interamericano de Desarrollo (BID), DNP e Innovations for Poverty Action (IPA) · 2021

04 Lessons learned

Financial inclusion via transfers is reversible if not accompanied by financial products for ongoing use (savings, low-interest credit); opening accounts does not guarantee sustainable inclusion, since a good share of beneficiaries withdrew the money in cash. It ended in Dec 2022 due to lack of budget and was replaced by Renta Ciudadana, which increased the amount but reduced coverage (~4M to ~3.3M households).

05 Go to the source

Visit the official site ↗ingresosolidario.prosperidadsocial.gov.co