March 28, 2024

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It will support BPC Powwi, the electronic payment and deposit platform

It will support BPC Powwi, the electronic payment and deposit platform

BPC, the world’s leading technology company for the financial sector dedicated to connecting people’s needs with smart solutions, announced Monday – May 23 – that it will support Transaction Service for customers of (Powwi), the company that specializes in deposits and Electronic payments (Sedpe), which belongs to the new generation of digital financial entities in the country.

Powwi will acquire SmartVista Suite services from BPC, which is located in Colombia to provide disruptive payment technology services at the forefront of global market demands. Its technology will support Internet and mobile channels; The enablement will enhance, in real time, the delivery of services such as balances and account information, money transfers, bill payments, services and online account opening.

In this regard, Juliana Peña, Vice President of Andean Sales at BPC, expressed her happiness “having been chosen to be the Issuance processor for all your debit and prepaid cards with a SaaS solution, in a five-year alliance uniting us in an effort with PowwiThis is “ranked as one of the most innovative digital financial wallets in the region.”

She added with great emotion that “the company, led by women, knows how to do financial inclusion, implementing highly complex and disruptive projects, with a positive impact on the population.”

so it is, BPC will support and enable next-generation payment services, including the digital debit card and prepaid card authorized by Visa and Mastercard. In addition, you will send all domestic and international transactions and enable fraud management using the SmartVista Fraud Management suite.

On her part, Luisa Fernanda Cárdenas Sanchez, President of Powwi (the company specializing in electronic deposits and payments), stated that this alliance represents An opportunity to expand its offer and continue to be based in Colombia.

The platform will receive Visa and MasterCard cards – Photo: Getty Images

“We know we have a complex solution and assume with deep satisfaction and pride the commitment that generates us as industry-leading women, and the ability to serve the unbanked through simple, easily accessible services, with mobile payment functionality, smartphones and virtual wallets” , He said.

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Powwi promotes financial inclusion within the framework of a comprehensive digital strategy, offering savings alternatives through a small deposit to residents who still do not have access to banking services, and betting on the digitization of financial and non-financial services towards market niches such as: compensation funds, employee funds, cooperatives, Residential complexes, sales catalog and cooperatives.

“With this alliance we offer our expertise in solutions to financial technologyWith speed of implementation, close interaction in project implementation, economic flexibility, and understanding of the regulation of the Colombian market to be able to successfully support the operation, by combining simplicity and confidence in a digital environment,” comments a PCB spokeswoman.

Latin America is one of the regions with the highest growth rate of Internet users in the world. Its penetration by 2022 is 75.6%, as announced by global Internet statistics, in the case of Colombia, from 51.39 million people according to Data Reportal, which in the country has 35.50 million Internet users, with coverage of 69.1%; However, data from GSMA Intelligence shows that at the beginning of the year there were 65.75 million cellular connections.