COVID-19 G2P Cash-Transfer Payments Country Brief: ECUADOR

Ecuador is in the process of strengthening its social registry and it is also making efforts to advance financial inclusion for MIES beneficiaries. The project Pago Seguro is key to achieving efficient and digital disbursement of social transfers. The project will undergo a sequenced implementation to ensure the inclusion of a wide range of providers and the proximity of access points. Limited usage of account-based disbursement mechanisms and an underdeveloped digital payments ecosystem has constrained MIES from digitizing payments during the emergency. The lack of electronic payment mechanisms by some account owners is recently being addressed by some banks.