Remittances constitute a significant safety net for millions of households in Latin America and the Caribbean (LAC). Consequently, changes in international transfers can be a crucial agent of transmission of the COVID-19 induced economic crisis from richer to poorer nations and from urban to...

This paper shows that poor people (Oportunidades beneficiaries) do save money in a bank account when the government provides them one. It also presents statistics of the use of ATM cards by the same population. The paper gives a glimpse of the huge bancarization potential of paying cash transfer...