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CashTech: Bolivian start-up wants taxis to deliver cash

Categories : Cash does not require a technology infrastructure
August 1, 2019
Published in : Access, ATM, Bolivia, CashTech
The startup called Blink, aims to transform the country’s 70,000 taxis into a mobile ATM network
Guillaume Lepecq

According to World Bank data, just over half of the adults in Bolivia hold a bank account and only 40% made or received a digital payment in 2017. ATM density has reached 40 machines per 100,000 people.

Advertising firm Ogilvy Bolivia is launching Blink, a start-up which aims to transform the country’s 70,000 taxis into a mobile ATM network.

Users enter the required amount into the mobile app. A nearby taxi driver will deliver the cash, taking the money from his own funds. The taxi then receives a code which enables him to withdraw the amount and a commission from an ATM.

The company has received a gold innovation award at the Latin American El Ojo de Iberamerica festival as well as venture capital funding. The launch is planned in October.

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