At the end of 2024, Bancamiga finished among the first five private banks in Credit Portfolio, reaching an annual growth of 123.69 %, a figure that allowed it to capture 6.76 % of the private stratum and 4.38 % of the total Venezuelan banking system.

These achievements have been the response to the institution’s effort to bank and retain more Venezuelans, through a broad portfolio of attractive products and services, which have made it a benchmark for innovation.

During the past year, while the banking system obtained an annual increase in its financial income of 57.35 %, Bancamiga achieved a notable increase of 80.84 % ​​compared to December 2023, due to its efforts to offer customers cutting-edge solutions that meet their needs and support their development.

This effort has materialized in recent months in products such as Conexión Amiga, which allows its clients in Venezuela to receive funds from abroad safely, easily and quickly; the tokenization of the Bancamiga Debit Card in the Bancamiga Suite application and in Garmin Pay, and ID Check or an additional layer of security available in the App for online transactions.

Bancamiga: Operational efficiency

Within the framework of its planned growth strategy, Bancamiga continued to promote the placement of Points of Sale, closing the year with a total of 33,847 POS, the most modern and versatile on the market.

Bancamiga Points of Sale, developed in partnership with Soluciones Integrales Tecnológicas SIT, C.A., offer the possibility of paying and recharging telephone and TV services, stamping the 5 and 6 and playing the lottery. The businesses receive a commission and the settlements are daily regardless of whether it is Sunday or holiday. All are Contactless technology.

Equally positive at the end of December 2024 is the Equity, which places Bancamiga in fifth position in the ranking in this category, with a concentration of 4.41 % of the total private banking, driven by the impact of the credit portfolio and the increase in capital, a fact that demonstrates the commitment of the shareholders to the well-being of the institution.

Bancamiga’s annual performance in this category was upward, reaching 84.89%, a figure higher than that of the system, which was 84.73%.

The figures for Credit Portfolio, Financial Income, POS placement, and Equity are a sample of the accelerated development that Bancamiga has achieved since it became a Universal Bank in 2017, a growth that has as allies technological innovation and a trained, hard-working, and mystical human resource, eager to launch customer-friendly products and services.

A few months away from reaching its majority in March, Bancamiga is positioned in the Venezuelan financial system as a leading bank, which plans to continue offering Venezuelans innovative solutions, reach 200,000 points of sale placed, and maintain its expansion, after the Lecherías, Calabozo, Cumaná, Valera, Maturín Centro, and San Francisco agencies were inaugurated in 2024; the San Diego External Ticket Office at the José Antonio Páez University was opened, and the Barquisimeto Centro, Maiquetía and El Cementerio locations were moved, all with the aim of offering better service to customers.

With reference information and images provided by Bancamiga Banco Universal

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La entrada Bancamiga’s credit portfolio increased by 123.69 % in 2024 apareció primero en Bitfinance.

The international payments giant Visa has been developing an adoption scheme in its services aimed at cryptocurrencies and digital assets in order to include crypto, stable currencies and CBDC on several fronts.

This Tuesday, the CEO of Visa, Alfred Kelly, advanced the progress of his project and the ambitions for the new development, presenting through a teleconference the financial results obtained in the first quarter of 2021, ensuring that the plan has well-positioned foundations.

“We are talking to central banks about the importance of the public / private partnership and, in particular, the importance of buy-in. For these central bank digital currencies to have value, both will have to be safe in the minds of consumers,” the company representative reported referring to CBDCs.

Despite the fact that Visa has already made decisions regarding digital assets, the CEO has proposed an adoption scheme fixed to an inclusion strategy on several fronts and among the most important assets, bitcoin will always be the most prominent. In this sense, the company is developing a payment system keeping the crypto asset par excellence very present.

According to what was reported by Kelly, this adoption strategy will have three key points: purchase, sale and storage of cryptocurrencies, a new API focused on cryptography for institutions that work with the company and settlement of payments through stable currencies.

K.Villarroel

Source: bitcoin.es

La entrada Visa will adapt its services to cryptocurrencies apareció primero en Bitfinance.