How does Colombia perform in terms of financial inclusion? Here’s what the DataCrédito Experian report says: Credits | My Financial Situation

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More than 40 million adults They have some type of deposit in a traditional savings account or digital wallet in Colombia. DataCrédito Experian highlights this in its latest financial inclusion report.

The report investigates the current status of credit indicators in my country Solve the credit hidden problemand its impact on daily life.

“This report not only highlights the disparities in access to credit across different segments of the population, but also the importance of strategies to reduce credit invisibility. Financial inclusion is critical to national economic and social development.”Santiago Rodríguez Raga, professor at the University of the Andes, mentioned.

Among the most relevant results, the company highlighted the growing participation of digital wallets in the financial ecosystem, facilitating access to credit products.

Financial inclusion

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(See: Here are the most common scams by which mid-year bonuses are stolen)

Furthermore, it is worth emphasizing that the Cundinamarca region, promoted by Bogotá, is Lead to access to credit Both the number of businesses and the average balance indicate that the region has a higher level of financial inclusion. In addition, most credit businesses are concentrated in major cities across the country, while a larger proportion of people in rural areas lack knowledge of this issue.

In terms of access to credit, similar behavior was observed for both men and women in terms of applications as well as the number of operations. However, women tend to request smaller amounts compared to men.

When looking at the data by strata, Datacrédito Experian highlights that tiers 1 and 2 face the greatest challenges in terms of credit invisibility, with only three in 10 adults in tier 1 having access to low-value credit.

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