Digital payments
The Ministry of Justice signed a cooperation protocol with Sahl to enable electronic payments for ministry fees and services across Egypt.
Imeripotiwa na AI
GouPayments from Grupo Aval announced partnerships with Zulu, Banco de Occidente and Aval Casa de Bolsa to enable immediate payments for businesses.
A report from fintech Mono highlights how digital payment systems like Bre-B in Colombia boost economic growth and market formalization. According to the Bank for International Settlements, increased use of these payments correlates with rises in per capita GDP and declines in informal employment. Mono's CEO stresses the need to scale adoption for fiscal efficiencies.
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In Colombia, where cash still dominates transactions, instant payments and digital wallets are changing how people pay and businesses collect. Sumia Solutions emphasizes the role of regulation and widespread smartphone adoption in building a digital standard to ease transactions. The Bre-B scheme from the Banco de la República, along with platforms like Sumia, is speeding up this shift to faster and safer payments.