YellowPepper, a primary provider of mobile financial services in Latin America, today announced a strategic partnership with Credibanco, payment network of Colombia, to offer mobile financial services to all Colombian consumers.
With more than 1.5 million users, YellowPepper connects financial institutions, consumers and retailers, delivering mobile solutions to Latin American markets, providing money transfers, remittances, bill payments, SMS notifications, pay-as-you go mobile transactions and pre-paid mobile phone replenishment. Credibanco has a long standing reputation for successful credit and debit card transactions, opening up new channels for points of sale and development across Colombia.
As a result of this partnership, Credibanco customers will now have full access to all YellowPepper solutions, including Mobile Wallet capabilities in future. This initiative supports a mission to provide innovative technologies that power critical financial transactions, build a service infrastructure that extends its reach to low-income individuals, and equip merchants with point-of-sale devices to conduct financial transactions throughout Colombia.
YellowPepper Founder & President Serge Elkiner explained, "Now, more than ever, mobile financial solutions are critical to Latin America's economic development. YellowPepper and Credibanco are providing Colombian mobile phone users access to technology for financial transactions. Working together, we are creating solutions that improve people's daily lives."