NextBillion - An Initiative of the William Davidson Institute at the University of Michigan

Sharing a commitment to doing well by doing good, the Tech for Good Partnership pledges to use their resources, assets, and expertise to prioritize digital and financial inclusion efforts in the wake of COVID-19. Founding partners include Banks: Bancolombia, Banco Galicia, Citibanamex; and FinTechs: Mercado Libre and PayPal.

In the initial activities, they will focus on developing concrete initiatives in specific markets to expand basic financial services like long standing access to credit, disbursements of much-need financial aid, and educational tools and resources to the millions of Latin Americans who are currently vulnerable. Over time, the Partners will share best practices and initiative outcomes with the broader financial services industry for the betterment of the ecosystem, via organized virtual events, white papers, and publications, among others.

The alliance between these leading companies, was inspired largely by the CEO Partnership for Economic Inclusion (CEOP) and extends the objectives, efforts, and learnings first established by the global CEOP into the region.

Photo courtesy of elgroot.