Telefonica, Partners Eye Rural Colombia Money Play

Telefonica Colombia, state-run bank Banco Agrario and mobility solutions provider Comviva Technologies teamed on a six-month mobile wallet trial targeting rural populations without access to traditional financial services.

In a joint statement the three said the project would extend digital financial services to agricultural producers and those in remote areas of Colombia. The trial will involve 1,000 customers and provide services including cash deposit, withdrawal and bill payment.