Through the deal TerraPay and Nequi are aiming to streamline payments to Colombians from over 200 countries and remove key pain points that often come with receiving remittances.
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Although the number of people without an account across seven countries in the region has fallen from 45% to 21% there is still a gap among these individuals to achieve more advanced forms of financial inclusion
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Paymentology’s digital payment platform will be used by Fondeadora to offer faster transaction processing, advanced security measures, and enhanced data analytics, the firms said.
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Lucena has worked for several leading payments and fintech firms over the last decade including PayU, Binance, Worldpay, and Rapyd.
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The decision marks the first time the Lanistar service has been approved for use through Google’s proprietary secure payment platform
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