The financial authorities have announced that they have taken a first step towards expanding the use of the services and products of commercial banks to the entire population. This is a project that involves establishing a foundation for small and medium business establishments to offer banking services as extensions of the large banks in those areas that can use local establishments such as colmados, pharmacies, supermarkets and hardware stores for payments, money transfers, deposits and withdrawals. This would be a major step towards the formalization of the entire economy, reducing tax evasion and increasing the possibilities of access to financing for micro-businesses. While the program will require strict supervision, according to Listin Diario, it has a lot of advantages for local businesses.