Fintech solutions for digital payments
The Venezuelan Society of Fintech and New Technologies (Fintech Venezuela) continues to work on the applicability of wallets
Companies from the payment media sector work together to contribute to economic and social development through digital platforms that will provide solutions to Venezuelans, changing the way of paying and generating successful transactions, without the need for cash, only using mobile phone or personal computers.
The Venezuelan Society of Fintech and New Technologies (Fintech Venezuela) since its creation in September 2018, has assumed the role in the country of promoting the formation of collaborative environments in which its participants design proposals for technological innovation in the various areas of social exchange, aimed at optimizing processes and generating value in the community.
These payment platforms, some of which are in operations in the Venezuelan territory for more than 5 years and others that are still in the project phase, are provided with different security schemes to provide both information confidentiality and security in the different operations and transactions that are offered to the user.
Within the framework of this company, the Payment Methods Chapter has been formed, as a union that groups together Fintech companies, such as Witty Growth CA (Mpandco), The Vippo Company CA (Vippo), Servicios Pagoya SA (Lanzapagos), Vepay CA (Vepay), Mueve Soluciones CA (Mueve), Citywallet Group CA (Citywallet), Servicios y Telecomunicaciones E4cash CA (E4cash), Biyuyo CA (Biyuyo), which are dedicated to transactional payment services. They propose the construction of payment ecosystems through the affiliation of communities made up of people, businesses, companies that supply goods and services, their clients and users.
To implement this purpose, these Fintech companies provide their users with the so-called Electronic Wallet, accounts that are mainly, but not exclusively, mobilized through mobile devices. The client then uses this electronic wallet to carry out balance loading operations from their accounts in the financial system, transfers, payment of services, recharges, payments in shops, download or withdrawal of balance to their bank accounts, among other operations, through of the different interfaces provided in a variety of electronic channels (Apps, Web, SMS).
M.Pino
With information from Press Release
