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

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Innovations in Social Finance

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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Author information

Authors and Affiliations

  1. Banco Palmas, Fortaleza, Brazil

    Asier Ansorena

  2. FGV EAESP, São Paulo, Brazil

    Eduardo H. Diniz & Erica S. Siqueira

  3. HEC Montréal e FGV EAESP, São Paulo, Brazil

    Marlei Pozzebon

Authors
  1. Asier Ansorena
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  2. Eduardo H. Diniz
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  3. Erica S. Siqueira
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  4. Marlei Pozzebon
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Editor information

Editors and Affiliations

  1. Department of Finance, Concordia University, Montreal, QC, Canada

    Thomas Walker

  2. School of Irish Studies , Concordia University, Montreal, QC, Canada

    Jane McGaughey

  3. Department of Architecture, School of Sciences and Engineering , The American University in Cairo, Cairo, Egypt

    Sherif Goubran

  4. CID Consulting, Cairo, Egypt

    Nadra Wagdy

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Ansorena, A., Diniz, E.H., Siqueira, E.S., Pozzebon, M. (2021). From Community Bank to Solidarity Fintech: The Case of Palmas e-Dinheiro in Brazil. In: Walker, T., McGaughey, J., Goubran, S., Wagdy, N. (eds) Innovations in Social Finance. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-030-72535-8_12

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

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  • Publisher Name: Palgrave Macmillan, Cham

  • Print ISBN: 978-3-030-72534-1

  • Online ISBN: 978-3-030-72535-8

  • eBook Packages: Economics and FinanceEconomics and Finance (R0)

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