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…
YellowPepper, Latin America’s leading Mobile Payment and Banking solutions provider, announced the latest development in expanding their mobile payment footprint in Latin America. YellowPepper will increase its existing reach through a new partnership in Latin America with the largest financial group in Colombia, Grupo Aval (Banco de Bogota, Banco de Occidente, Banco Popular and Banco AV Villas), powering their Aval Pay offering.
Evertec has inked a deal with to purchase 65% of the share capital of Processa S.A.S., a Colombian company that is based in Bogotá and engaged in the business of payment processing and supply of related services and equipment in Colombia.
Colombians, Thai and Panamanians worldwide have more options now to send credit to mobiles in their native countries. In less than one minute they can now refill their family’s and friends’ cell phones on MobileRecharge.com. In the last month, three more networks have been added on MobileRecharge.com to facilitate international mobile top ups to Avantel Colombia,
Colombian payment cards (including debit and credit cards) logged a compound annual growth rate (CAGR) of 8.05% since 2009 and increasing from 22.6 million in 2009 to 33.2 million cards-in-force (CIF) in 2014. In 2013, the average transaction value (ATV) in Colombia was US$121, which was the second-highest in the Latin-American region.
Bogota-based Banco Falabella of Colombia has inked a deal to use NCR APTRA Promote and APTRA Exchange, which allow the bank to communicate through advertising on ATMs and establish different campaigns and messages to deliver its eMarketing initiative.
CT-based Gramercy Funds Management has made a siazble investment in Credivalores-Crediservicios, its affiliates and subsidiaries. Grupo Credivalores) is anindependent consumer finance company in Colombia and one of the country’s fastest growing non-banking financial institutions. Grupo Credivalores is comprised of four complementary companies including: Credivalores (non-regulated consumer finance company), Credifinanciera (regulated consumer finance company), Microfinanzas &…
Millicom and Kalixa announced the establishment of a joint venture to develop a payments service provider to operate in Africa and Latin America. The joint venture will offer payment acceptance services for both businesses and consumers, including payment gateway and point of sale solutions for merchants as well as 1-click payment and eWallet provision for online customers.
JCB International Co., Ltd. and Redeban Multicolor S.A. (“RBM”), the largest merchant acquirer in Colombia, are pleased to announce that they have signed a License Agreement for building a JCB card acceptance network in Colombia. With this arrangement, JCB cards will be accepted at all 200,000 RBM merchants throughout Colombia starting in early 2015.
NCR signed an agreement to become the primary technology provider for PRESENTE, the fund serving employees of Éxito Group. NCR Colombia will work with the Fund to deliver its first network of ATMs for its members. Using NCR’s technology, PRESENTE has already installed 14 ATMs, which are located at administrative offices, distribution centers, food industry, and the textile subsidiary Didetexco, in cities such as Barranquilla, Bogota, Cali and Envigado. PRESENTE becomes the first Fund for Employees with its own ATM network in the country. In addition, PRESENTE will use NCR APTRA eMarketing software to deliver personalized ATM experiences, advertising campaigns and service offers to the members, allowing a constant and immediate communication with them.
NCR Corporation announced Juan Valdez Café stores are replacing their PC-based POS terminals with an NCR solution to enhance customer service and experiences chain wide. Initially, NCR is installing POS technology in all of Juan Valdez’s Colombian stores with an eye toward creating a standard platform as the company expands with new locations and franchises in Aruba, Chile, Ecuador, Peru, Mexico, Middle East, Asia and the United States. The NCR POS solution includes a guest-facing screen so Juan Valdez Café Stores can create and easily communicate new marketing initiatives, such as offering special drinks, replacing their previous use of paper-based advertising. The terminals also feature biometric scanners so employees can quickly access functions and improve service and security.
Datacard Group secure ID and card personalization solutions announced the Colombian government is continuing to enhance and expand their passport program with its passport issuance system. In partnership with Identificación Plástica S. A. “an Enterprise Solutions Provider (ESP) for Datacard Group, the combined integrated solution for the Colombian government includes Datacard high throughput passport issuance systems; desktop systems for regional issuance, as well as in-country local services and support provided by Identificación Plástica S. A. The Datacard PB6500 passport issuance system is utilized for the central issuance of the Colombian citizens’ passports. It is an automated, inline high-volume passport production system offering a flexible, modular design.