TerraPay, a leading global money movement company, is thrilled to announce a strategic partnership with Banco de Bogotá, the best bank in Colombia and the best financial innovation lab in 2023 by Global Finance. This alliance aims to provide unparalleled convenience, speed, and reliability for customers receiving remittances, enabling Colombians abroad to send money home with ease and efficiency.
Mauricio Fonseca, Vice-President from Banco de Bogotá, commented on the partnership, “We are delighted to join forces with TerraPay, enhancing our capability to offer secure, fast, and convenient remittance solutions to our customers. This collaboration not only broadens our service portfolio but also reflects our commitment to adopting advanced technological solutions.”
Paula Valle, Senior Director – LATAM & Caribbean at TerraPay stated, “We are excited to collaborate with Banco de Bogotá to enhance remittance services for their customers. This partnership underscores our dedication to providing innovative solutions that drive efficiency, reliability, and financial inclusion. Together, we aim to make cross-border payments seamless and accessible.”
Banco de Bogotá’s presence in 1.020 municipalities, covering 92.6% of the national territory ensures that this partnership will reach a wide audience. The bank’s commitment to environmental sustainability further enhances its reputation as a forward-thinking institution. This aligns with TerraPay’s mission to driving financial inclusion and adopting innovative solutions that empower individuals and businesses while promoting sustainability and efficiency in the financial sector.