Transferring Cash Benefits Through the Banking Sector in Colombia

This paper reviews the experience in transacting payments through the commercial banking system, to beneficiaries in Colombia's "Familias en Accion" program. The story told will be useful to those trying to solve the operational problem of moving cash, cost-effectively to large numbers of beneficiaries in social assistance, or similar programs. It shows the options considered, their advantages, disadvantages, and costs. Though some of the details may be specific to the country, and program, the approach to the analysis is broadly applicable.