Tuesday, June 20, 2017

BBVA Backs Internet Connectivity Pilot In Rio Grande Valley

Banking provider BBVA Compass said this week that it is backing a pilot program to provide Internet access to 50 families in Pharr, Texas, as part of a pilot to help bridge the "digital divide" in the Rio Grande Valley. BBVA Compass said it will fund broadband access and bilingual training and technical training to 50 companies in Pharr, in collaboration with the Pharr-San Juan-Alamo Independent School District and the Federal Reserve Bank of Dallas. The Pharr Life Net pilot program was announced in May. BBVA said that Pharr is part of the McAllen area, which ranked last in its own "Financial Inclusion Metropolitan Index", which it created to gauge the financial inclusion levels in more than 250 cities.