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BANSEFI MOBILE BRANCHES FOR REPATRIATES OUTREACH & CHANNEL INNOVATION

Published byProsper Taylor Modified over 6 years ago

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Presentation on theme: "BANSEFI MOBILE BRANCHES FOR REPATRIATES OUTREACH & CHANNEL INNOVATION"— Presentation transcript:

1 BANSEFI MOBILE BRANCHES FOR REPATRIATES OUTREACH & CHANNEL INNOVATION
Organization for Economic Cooperation and Development Paris, France. November, 2017

2 Challenge Mexican repatriates
More than11 million people that were born in México live in the US. Repatriation affects more than 200 thousand Mexicans each year; in the next years 1 million Mexicans and more than 500 thousand young "dreamers“, could be affected. Requirements when they return to México are: a) Work; b) Health insurance; c) Financial services.

3 Bansefi’s responsibility
Considerations Bansefi’s responsibility Spearheads Mexico’s social bank to: Reach vulnerable people Reducing barriers Innovation. Integral financial inclusion through: Bankization Financial education Credit.

4 Financial Inclusion Program for Migrants
Considerations Financial Inclusion Program for Migrants Provide products, assistance and information to migrants at the time of being repatriated. Synergy with the program “Somos Mexicanos” for inter-institutional collaboration that allows to complete the services offered.

5 BANSEFI mobile branches for repatriates
Innovation elements BANSEFI mobile branches for repatriates Geographical presence 2. Technological mechanism 3. Regulatory authorization Operational flexibility Banking Authority permission to open a special bank account using the “Repatriation Certificate” 12 Points of entry for repatriates from the U.S.

6 Financial products and services
Saving | Debit card | No commission | No minimum balance. Insurance | By accidental death 750 USD | Funeral expenses 7,500 Mexican pesos. International remittances Currency exchange and deposit |Till to 4 thousand USD per month. Financial education | Advice about personal finances.

7 Impact - Results (April – October)
1. Quick integration – 2. Productive return – 3. Improve family welfare Impact - Results (April – October) Saving | 1,773 Saving accounts | $974,294 Mexican pesos International remittances | 3,106 tx | 9.3 million Mexican pesos. Currency exchange | 5,437 tx | 274 thousand USD.

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