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Expanding Our Understanding of Value Through Innovations in Social Finance Read chapter Read first chapter

2021 | OriginalPaper | Chapter

From Community Bank to Solidarity Fintech: The Case of Palmas e-Dinheiro in Brazil

Authors : Asier Ansorena, Eduardo H. Diniz, Erica S. Siqueira, Marlei Pozzebon

Published in: Innovations in Social Finance

Publisher: Springer International Publishing

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Abstract

This chapter aims to present a case study on an innovative experience involving a solidarity fintech called Palmas e-Dinheiro, and its role in promoting both financial inclusion and local development in poor territories in the Northeast region of Brazil. The development of Palmas e-Dinheiro is strongly connected to the historical movement of community banks in the country. We start by presenting the context that has characterized the 20 years since the creation of Banco Palmas in 1998, including a description of the solidarity tools developed during this period to launch the e-Dinheiro mobile payment platform and support the operations of community banks. We conclude by describing the expansion of the e-Dinheiro platform, including its adoption by more than 80 community banks around the country and the creation of Banco Mumbuca in 2013, which currently has more than fifty thousand users and represents the largest e-Dinheiro operation.

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Metadata
Title
From Community Bank to Solidarity Fintech: The Case of Palmas e-Dinheiro in Brazil
Authors
Asier Ansorena
Eduardo H. Diniz
Erica S. Siqueira
Marlei Pozzebon
Copyright Year
2021
Publisher
Springer International Publishing
Book
Innovations in Social Finance

Print ISBN: 978-3-030-72534-1

Electronic ISBN: 978-3-030-72535-8

Copyright Year: 2021

DOI
https://doi.org/10.1007/978-3-030-72535-8_12

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