Banco Davivienda, one of the largest banks in Colombia, signed an agreement with the global payment innovator Verrency to be a launching partner in Latin America. The agreement allows Banco Davivienda to take advantage of the Verrency platform to test and quickly launch new card programs, payment services and solutions…
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MercadoLibre, the leading company in e-commerce technology in Latin America. It has announced the closing of its IPO of approximately 1,150 million dollars in common shares at a price of 480 dollars per share. Which includes the full exercise of the purchase option of the subscribers 150 million additional shares…
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The magic of mobile payments is not to include the functionality of a plastic card in a smartphone. It is not about processing transactions, it is about offering options, convenience, control and value wrapped in a convincing and perfect digital experience. Not only at the point of sale, but throughout…
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Bitpanda, a Viennese fintech with around one million users and more than 100 employees, is expanding its business model. The Austrian Financial Market Authority has granted Bitpanda Payments GmbH a license as a payment institution in accordance with European regulations like PSD2. Based on this milestone, Bitpanda will announce new…
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The payment giant PayPal has made its first investment in a blockchain company. They have invested in Cambridge Blockchain. A company that helps financial institutions and other companies manage confidential data, such as personal identification in shared ledgers. The PayPal financing was part of an extension of the Series A…
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Bradesco emulates Itaú by subscribing to a blockchain-based system for international money transfers, another example of technological advances that intensify competition in the sector Bradesco announced last week that it plans to join a blockchain system operated by IBM that allows money transfer in international markets. The structure called Blockchain…
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Rapid response codes or QR’s lead the transition to a cashless economy. Banks such as Citibanamex, HSBC and e-commerce platforms such as Mercado Libre, Amazon and Alibaba are committed to this technology to be the engine of digital transactions without cash and focused on banking through a smartphone. The predictions…
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Recently, the companies that processed payments were the underrated donkeys of the financial system that worked behind the scenes to send money around the world. The rise of digital money and the fintech industry changed that. More than 80% of purchases in countries such as Sweden and South Korea are…
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Amazon, one of the world’s largest online retailers, has recently partnered with global company WorldPay. The goal of the collaboration is to include Amazon Pay in the huge list of dealers of WorldPay, so at least according to a press release by PYMNTS on March 20, 2019. WorldPay will be…
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New platform for digital payments The commercial activity with which different business ideas count, is made easier and more practical, due to the functionality of social networks and the use of applications that allow easy access to products and services by the consumer. For this reason, the Bancolombia Group presented…
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