Bancolombia and First Data have inked a deal to integrate and strengthen their technology platforms in order to improve and diversify services for business owners in Colombia. The companies will focus on building commerce technology solutions for merchants and facilitating access to the banking system, offering advanced technology and secure, efficient transactions.
First Data and Bancolombia will bring the latest payments innovations from Europe and the United States to the Colombian market, including best-in-class eCommerce and business management solutions.
For Bancolombia, the alliance with one of the world leaders in the payment technology industry represents a tremendous opportunity to modernize commerce in the Colombian marketplace.
The alliance with Bancolombia will strengthen First Data’s role as an important player in the Colombian market, which the company first entered in 2009.
First Data is a market leader in the Caribbean and Latin America, with operations in eight countries, serving clients in 32 countries across the region. In Brazil, 60% of all credit card transactions are processed on First Data’s software platforms.
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