Rappi received approval from the financial regulator to operate as a digital bank in Colombia.
RappiPay is a joint venture that emerged in 2019 between the Colombian delivery application Rappi and Banco Davivienda.
Until now, the application offered a credit card and an electronic deposit account, as well as other financial services.
In Colombia, RappiPay has more than 800,000 users and has generated around 200,000 credit cards.
Read on: in Spanish