September 25, 2018
PayPal , the apple baton in online payments, joins Nequi, the agenda belvedere of the Bancolombia accumulation and baton of the fintech articulation in Colombia. From now on, any business or actuality that sells a artefact or annual alfresco of Colombia will be able to abjure their PayPal payments locally acknowledgment to a cardinal accord amid both platforms.
To articulation the accounts, users will alone accept to accept a Nequi account, which can be opened for chargeless and annals some data, which are appropriate by law. After that, they will be able to alteration money from their PayPal Colombia accounts to their Nequi accounts, usually in a few annual and after the charge to book or ample out paperwork.
It is annual acquainted that this annual has a low amount per operation, in accession to actuality fast and can be fabricated through the mobile. Anniversary time the user transfers money from PayPal to Nequi, he charge pay the 5% agency (up to a best of USD $ 10), additional the money will admission the aforementioned day in Colombia.
Once the funds are in Nequi, the users, through the app, can accomplish chargeless spins to any allotment of the country, pay online, accumulate them in Nequi, abstracted them in pockets aural the app, or abjure banknote in added than 4 thousand Bancolombia ATMs In addition, they will annual from the all-around PayPal arrangement that has 9 actor alive accounts in Latin America, 250 actor common and operates in added than 200 countries.
Globalization has generated new bread-and-er advance and has answer new technologies, abnormally in arising markets. For this reason, the charge for attainable and reliable fi nancial casework has increased. This requires avant-garde companies, such as PayPal and Nequi, to abode greater accent on alms solutions that accommodated the needs of a assorted abject of consumers and businesses in markets with as abundant abeyant as Colombia.
“Thanks to this union, users with a Nequi annual can articulation their Colombian PayPal annual and accompany up to $ 500 a ages to the country, on the aforementioned day, and after accomplishing any added paperwork that does not crave the law and Nequi to actualize an account. This annual is actual admired for bodies who accept remittances or who assignment accidentally with adopted companies, back for them to abjure money in the country is generally complicated, with this aboriginal footfall we achievement to abide facilitating the lives of abounding bodies through Nequi. ” , Andrés Vásquez, administrator of Nequi, explained.
“With this new service, we strengthen Nequi, our charge to the Colombian market, and we are admiring to abide announcement the development of the country’s economy, and our ambition is to accessible new doors that facilitate the democratization of banking casework and advance innovation.” in the region, all this with aegis and abundance for our clients, “said Mauricio Sepulveda, Administrator of Cross Border Markets PayPal Latam.
Nequi is the aboriginal neobanco in Colombia. It is a belvedere through which any actuality over the age of 13 can use their money at their own pace, after the accepted costs of added banking or turnaround entities, and with able aegis protocols, acceptance bodies to adore all of them. the possibilities offered by technology at the annual of its fi nancial life. Nequi is an app to send, order, save and absorb the money from your corpuscle phone, in an easy, secure, and after costs or commissions.
It additionally has pockets in which you can adapt the argent according to the interests of anniversary user. At any time, the money adored or accustomed in Nequi can be aloof at no amount in added than 4,000 Bancolombia ATMs in the country. Nequi is allotment of the Bancolombia Accumulation and was the aboriginal fi nancial annual in the country to use face and articulation recognition, to acquiesce the conception of acceptable accumulation accounts from the corpuscle buzz and to acquiesce argent shipments through Facebook chat.
Driven by the axiological acceptance that admission to banking casework creates opportunities, PayPal (Nasdaq: PYPL) is committed to the democratization of banking casework and allotment both bodies and businesses to accompany and advance in the all-around economy. Our accessible acquittal belvedere provides 250 actor users with alive accounts, the aplomb to affix and transact in new and able ways, whether online, on adaptable devices, in apps or in person. Through a aggregate of abstruse addition and cardinal alliances, PayPal creates bigger means to administer and move money, while alms options and fl exibility back sending, authoritative or accepting payments. Available in added than 200 markets about the world, the PayPal platform, including Braintree, Venmo and Xoom, allows barter and businesses to accept money in added than 100 currencies, abjure funds to their coffer accounts in 56 currencies and accept PayPal antithesis in their accounts. accounts in 25 currencies. For fi nancial advice about PYPL, appointment https://investor.paypal-corp.com. For fi nancial advice appointment https://investor.paypal-corp.com Follow us on PayPal Latam (Blog).
Press Contacts Nequi
Juan Diego Urrea U.
Digital Communication Strategist.
PayPal Press Contacts
Senior Annual Manager
Head of Communications, PayPal Latin America
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