AFI welcomes Superintendencia Financiera de Colombia (SFC) as the newest member of our financial inclusion network. Colombia has been active in developing national financial inclusion policies to provide access to the estimated 40 percent of unbanked in the country. Colombia has had a recent focus on the development agent banking policies and, with mobile phone use for nearly 90 percent of the population, also sees great potential in expanding its mobile financial services.

The SFC was created from the merger of the Banking Superintendence of Colombia and the Securities Superintendence in 2005. This entity is a technical body under the Ministry of Finance, with legal, administrative and financial autonomy and its own funding. The official mission of the SCF is to preserve public confidence and financial stability, maintain the integrity, efficiency and transparency of the Colombian stock market and other financial assets and to ensure respect for consumer rights and proper financial services.