Bancamiga, one of the most dynamic and innovative financial institutions in the Venezuelan banking system, celebrates its 19th anniversary this Thursday. These nearly two decades have been marked by profound processes of change and growth, all guided by the same purpose: to offer the country innovative products and services that meet the needs of Venezuelans.

“Reaching 19 years with 1,221,000 clients is a direct result of a strategy focused on offering services designed to boost the financial growth of children, teenagers, and adults, as well as entrepreneurs, merchants, and business owners, regardless of their location. This strategy achieved $26.963 billion in transaction volume in 2025,” stated José Simón Elarba, Chairman of the Board of Directors of Bancamiga.

Since its inception, Bancamiga has been a tireless advocate for financial inclusion. Its portfolio has set the standard in the market with solutions that are now commonplace for millions, such as Interbank Mobile Payments, foreign currency account management, and the introduction of contactless point-of-sale terminals, according to a statement from the bank.

One of its flagship products, the Bancamiga Mastercard Debit Card, has transformed the consumer experience by allowing payments in both bolivars and foreign currency, while also facilitating access to streaming platforms and international e-commerce purchases. This offering is complemented by Bancamiga Suite, a mobile application that has evolved to offer practical, functional, and, above all, secure operation through tools such as the Virtual Lock and ID Check.

The value of human capital and trust

For José Simón Elarba, the success of these 19 years lies in the synergy between customer trust and the dedication of a team of 1,351 people, 73 % of whom are women, all committed daily to providing solutions that improve the quality of life for society.

Following this strategy, Bancamiga has installed more than 203,000 modern point-of-sale terminals, which, in addition to providing the basic transaction function, allow users to pay and top up phone and TV services, validate lottery tickets, and play the lottery. This has made Bancamiga the second bank in the financial system with the largest presence of terminals in the national market.

These POS terminals, developed in partnership with Soluciones Integrales Tecnológicas (SITCA), are wireless, Global Band compatible, and feature Wi-Fi, a touchscreen, and allow for electronic, secure, and immediate cashback payments to customers.

There are already 51 Bancamiga branches

In a challenging digital environment, security is the cornerstone of Bancamiga’s innovation. After four years of rigorous work, the institution became the first bank in Venezuela to obtain PCI DSS certification version 4.0, the most demanding global standard for payment card data protection.

This certification confirms that Bancamiga’s processes comply with the strictest international security standards, guaranteeing confidentiality and professionalism in the handling of its users’ sensitive data.

As part of its expansion, Bancamiga opened its 51st branch this year in San Felipe, Yaracuy state, adding another physical service point to its network, which also includes nine non-bank correspondents, one affiliated branch (Viva Supercentro Hypermarket), three external branches (Plumrose, Corpoelec Maracaibo, and the José Antonio Páez University in San Diego, Carabobo state), and the Bancamiga Mobile unit, which in almost three years of operation has traveled more than 40,000 kilometers and is a key element in expanding banking services and reaching a wider audience.

In these 19 years, Bancamiga has not only grown as a bank but has also forged a deep bond with Venezuela through its unwavering commitment to sustainable development. Their Corporate Social Responsibility programs have focused on health, education, the environment, and culture, with training as the driving force behind positive and lasting change in our communities. In 2025 alone, Bancamiga supported 4,061 entrepreneurs with training programs that opened doors for them and transformed their dreams into realities.

“But our true engine of growth has been our human talent, a committed team full of passion for Venezuela. That is, without a doubt, the heart behind our achievements, transforming challenges into opportunities,” concluded José Simón Elarba.

With information and reference images provided by Bancamiga Banco Universal

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The variety of available channels and the speed of payment and top-up services are facilities offered to Venezuelans by Bancamiga, which has a robust technological platform. 24 hours a day, 365 days a year.

Through Bancamiga Online, customers can easily cancel or recharge Movistar, Movilnet, Digitel, Cantv, Corpoelec, Fospuca, Cobretag, Inter, and Simple TV services.

Also online, Bancamiga Banco Universal customers can make payments for national and municipal taxes, anytime and from anywhere with internet access. Through www.bancamiga.com, they can easily pay obligations to SENIAT, SAREN, SUNAGRO, and town halls.

Among the channels that Bancamiga makes available to its customers, the innovative banking institution emphasizes in a statement, is the most modern application on the market: Bancamiga Suite, which has a user-friendly and easy-to-use interface, with quick access using customer data or biometric authentication.

Bancamiga: Streamlining and Simplifying Support for Customer Processes

With its app, Bancamiga allows users to pay for and recharge services such as Movistar, Digitel, Inter, Simple TV, Puro Pago, Pago Directo, Cantv, Cobretag, and Corpoelec.

In addition, along with Bancamiga Online and Bancamiga Suite, Bancamiga has more than 191,000 points of sale across the country, serving as business centers that facilitate processes and allow entrepreneurs and small business owners to generate extra income by paying for and recharging services such as Cantv, Corpoelec, Digitel, Movilnet, Movistar, Inter, and Simple TV. They can also be used for other transactions such as 5y6 card payments or participating in lotteries.

Bancamiga Points of Sale, developed in partnership with Soluciones Integrales Tecnológicas (SITCA), are wireless, connect to Wi-Fi, and bills are settled daily, regardless of weekends or holidays. They feature contactless technology and immediate delivery.

With all these channels described above, Bancamiga offers Venezuelans convenience and accessibility, 24-hour availability, speed and security, a variety of services, and the ability to maintain detailed control of their transactions. In this way, it facilitates customer management with a financial ecosystem for recharging and paying for services tailored to their needs.

With information and reference image provided by Bancamiga Banco Universal

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With its firm intention to continue consolidating itself in the Venezuelan financial system as an innovative bank that promotes banking access and contributes to the country’s development, Bancamiga reached its coming of age this Wednesday, March 19th.

It celebrates its first 18 years as one of the fastest-growing financial institutions in 2024 and is expected to become one of the banks with the shortest period of time to reach one million customers; a response to its constant effort to offer cutting-edge products and services that meet the needs of Venezuelans.

Since its creation in 2007 as a Development Bank and in its process of consolidating itself as a Universal Bank, Bancamiga has promoted solutions such as Interbank Mobile Payment, foreign currency accounts, points of sale with Contactless technology, and the use of the Mastercard Debit Card, which allows purchases in bolivars and foreign currency.

The Chairman of Bancamiga’s Board of Directors, José Simón Elarba, stated that throughout these years, the institution has had committed employees who have contributed their effort and dedication, such as the 73 who received their recognitions for 10 and 5 years of service on March 18.

“Being the country’s fifth-largest private bank in just 18 years has only been possible thanks to the trust placed in us by each and every one of our clients. We work for them to promote the development of the country’s productive sectors,” he stated.

This trust is strengthened every day, Elarba stated, by initiatives that facilitate customer transactions and the benefits of its products and services, among which the Mastercard Debit Card stands out, which has allowed hundreds of thousands of Venezuelans to subscribe to streaming platforms and make online purchases; the robustness of the Bancamiga Suite application, which has expanded its features to make transactions easier, more practical, and more functional; and the development of features such as ID Check, or an additional layer of security available in the app for online transactions.

Also worth highlighting is the boost that Bancamiga points of sale have given to entrepreneurs and merchants. In partnership with Soluciones Integrales Tecnológicas (SITCA), the POS terminals are available throughout the country, offering commissions to businesses for paying and recharging telephone and TV services, sealing the 5th and 6th, and playing the lottery. Settlements are made daily, regardless of whether it falls on Sundays or holidays.

“Before the end of the next quarter, we will reach 200,000 installments in the country, making us the second bank in the financial system with that number of POS terminals on the market,” added the President of the institution’s Board of Directors.

Security, a key element of operations for Bancamiga

Just as innovation is key for Bancamiga, so is offering secure processes, which was reaffirmed by the PCI DSS certification, a data security standard for the payment card industry, which made Bancamiga the first bank in Venezuela to obtain version 4.0. It did so after four years of effort.

-The PCI DSS (Payment Card Industry Data Security Standard) certification is a set of security standards designed to protect payment cardholder information, a fact that attests to Bancamiga’s responsibility, seriousness, and reliability in handling sensitive data from these payment instruments.

In the coming years, innovation and customer security will continue to be a priority for Bancamiga, which will continue to expand to reach more locations with new offices and reach more Venezuelans with Bancamiga Mobile, according to a statement from the banking institution on this important date.

José Simón Elarba explained that Bancamiga will continue to reaffirm its commitment to sustainable development through various initiatives in the area of ​​Social Responsibility, where training will be the guiding principle of many of its programs and projects. It will also continue to demonstrate its commitment to Venezuelan society in the areas of health, education, the environment, and culture.

“This is a wonderful moment to express our gratitude for the efforts and sense of belonging of our men and women, who with dedication and commitment are pushing the institution toward a safe haven. These 18 years of success and those to come are only possible thanks to their dedication and commitment. Thank you for so much.”

With information and reference images from Bancamiga Banco Universal

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With the firm purpose of promoting banking access for Venezuelans and promoting the development of the country, Bancamiga celebrates its first 17 years this Tuesday. And it does so with 47 agencies, a modern portfolio of services and products such as the Bancamiga Debit Card and the Kids Card for minors, more than 160,000 points of sale in place and being one of the leaders in deposits in both bolivars and foreign currencies.

From the moment of its creation as a Development Bank in 2007 and in 2010 as a Microfinance Bank, Bancamiga began an important transformation process committed to society and supported by technological innovation, which led it to become a Universal Bank in 2017. Since that moment its growth has accelerated, placing it among the first in the national private financial system.

The president of the Board of Directors of Bancamiga, Carmelo De Grazia, maintained that the development of the institution has counted on men and women with mystique, a sense of belonging and dedicated to promoting the country’s progress.

“And today we promote this growth on the foundations of values ​​such as honesty, trust, innovation, service and empathy, which have allowed us to add more and more Venezuelans, in a banking process that does not stop and that seeks to reach the most remote places in Venezuela,” he said.

Being the first has been an element that has characterized Bancamiga in its 17 years. It was a promoter of mobile payment in the country seeking to satisfy the needs of Venezuelans and launched the Cash account, which allows deposits and withdrawals in foreign currency. It has also promoted, in alliance with Soluciones Integrales Tecnológicas SITCA, the placement of points of sale with contactless technology, which offer the possibility of paying and recharging telephone and TV services, stamping 5 and 6, playing the lottery and where settlements are Trade is carried out daily, regardless of whether it is Sunday or holiday.

This same contactless technology supports another of its innovative products: the Bancamiga Debit Card, through which customers can make purchases online and pay at points of sale both in Venezuela and abroad. With this financial instrument, they can also use their accounts in bolivars and foreign currencies.

For the executive president of Bancamiga, Ariel José Martínez, the institution plans to continue its expansion this year with the opening of new agencies, which will join those of Lechería, Valera, Cumaná and Calabozo, recently opened during the months of February and March. Along the same lines, accentuate operations to bring Bancamiga closer to more Venezuelans regardless of where they are.

“To attract more customers, we offer products and services tailored to their needs, which can be used quickly and safely. They have robust Internet Banking and an easy-to-use application like Bancamiga Suite,” he added.

This bankization process also has an ally such as Bancamiga Móvil, which last year was a key element for the banking institution to achieve 1,035 operations in the country.

Martínez stressed that in 2024, Bancamiga will continue to reach out to more Venezuelans and reaffirm its commitment to social responsibility with projects to support microentrepreneurs and women, and supporting initiatives in education, health and environmental protection.

“Turning 17 years is a good time to thank our clients for their trust and loyalty, and our collaborators for their selfless effort and daily commitment. Thanks to you, we can celebrate 17 years of success.”

With information and images provided by Bancamiga Banco Universal

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