20 September 2022
Netherlands’ PayU has acquired the endorsement of Colombian regulatory authorities to amass native digital fee and deposit specialist Tecnipagos, higher referred to as Ding.
Primarily based in Bogota, Ding permits retailers to make digital deposits like they might with a financial savings account, and settle for funds from credit score and debit playing cards, QR codes, and different strategies.
The corporate additionally points its personal Visa debit and enterprise playing cards, obtainable in each bodily and digital kind.
PayU is an e-commerce fee options and client credit score supplier that additionally invests in fintech startups. The corporate operates in over 50 markets, has places of work in 18 areas and over 3000 staff.
Francisco León
Francisco León, CEO of PayU Latin America feedback:
“PayU has accompanied the evolution of on-line funds in Colombia and the corporate now seeks to develop its scope of companies to spice up the monetary inclusion of small and medium-sized corporations within the nation.
We’re extraordinarily excited concerning the acquisition of Ding, as it’ll assist our progress technique additional reply to the everlasting challenges arising from the market.”
Juan Camilo Vargas
Juan Camilo Vargas, Nation Supervisor at PayU Colombia provides:
“Our strategic imaginative and prescient focuses particularly on leveraging SMBs within the nation and this acquisition will probably be a cornerstone on this essential function.”
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