While Colombia is not a country that has embraced cryptocurrencies compared to Venezuela or some African countries, it is the country with the second most cryptocurrency ATMs in the Latam region. The reason behind this could be that Colombia has a high percentage of cash usage. This makes cryptocurrency ATMs a very important tool for […]
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Banco de Bogotá on How 2020 Shaped Colombia’s Digital Payments Ecosystem
The once cash-centric Colombian economy is undergoing a digital payments renaissance with consumers now choosing speed and convenience over old habits. In the latest Digitizing Payments in Latin America Playbook, Carlos Lindo, director of payment methods at Banco de Bogotá, explains how QR codes are helping Colombia’s smartphone-savvy population take the digital payments leap.
QR Codes Turn Colombia's Cash-Centric Consumers Digital
Consumers, businesses, financial institutions (FIs) and payment providers alike are all paying closer attention to Latin America as its digital payments ecosystem develops further in the wake of the global health crisis. Financial access is also expanding across the market, meaning more consumers can participate in the widening online financial space than ever before. For […]
Colombian FinTech Movii Closes $15M Series B
Colombian FinTech Movii raised $15 million in a Series B funding round led by Square and Greg Kidd’s investment fund Hard Yaka, according to reports on Friday (Oct. 9). The fresh infusion of capital is being earmarked for the development of a cryptocurrency-buying platform and to grow its existing line of products. “With our new […]
Colombian Fintech Movii Raises $15M in Series B Round
Colombian fintech Movii raised $15 million in a Series B funding round to create a bitcoin purchasing service and expand other services, the company announced Wednesday. The round was co-led by payments services company Square and Hard Yaka, an investment fund founded by former Ripple Chief Risk Officer Greg Kidd. Movii said in a statement… [Read more]