New Market Report: ATM Cards in Colombia
Not having a financial card and an associated account is now not a constraint to using ATMs in Colombia. Mainstream banks offering mobile wallets are upgrading their infrastructure to operate with numeric codes sent by SMS though mobile payment platforms such as Daviplata from Davivienda. Consumers or institutions receiving payments via SMS, even from feature phones, can withdraw money from ATMs using just a code. With more than 500,000 clients in Daviplata, ATM transactions increased by 10% in...
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