Financial platforms have been gaining ground in the Panamanian market, offering simpler and more accessible solutions for users. These platforms use innovative technology to provide online financial services such as transfers, payments, savings, and money management.
According to María del Pilar Correa, Nequi’s Chief Product Officer, these platforms allow customers to access financial services faster, easier and cheaper, “which is driving a change in the way finances are managed.” in Panama, without the need to have a bank account”.
Despite this, he said, there are still some challenges that limit its use; for example, the mistrust of technology by some people, the misuse of personal data, Internet access and ignorance of these platforms.
Given these limitations, Correa gave some security recommendations to consider when entering a financial platform, such as whether the platform is regulated and supervised by a competent government entity.
• Confirm if the app has institutional support to protect your funds. “In the case of Nequi, we have the support of Banistmo, but it is not necessary to have an account with this entity to register in the app,” says Correa.
• Evaluate the financial strength of the platform, the time it has been in the market, and check if it has a track record of success in managing its clients’ funds.
• Read the terms and conditions, including any costs associated with their services.
• Review the products and services offered. Some platforms are more limited than others.
• Validates the ease of user experience. These platforms must be intuitive, simple to use and easy to understand.
• Verifies whether the platform implements adequate security measures to protect users’ personal and financial information.
Having financial applications allows you to control your money from your mobile device, saving time and effort; as well as monitor expenses and adjust budgets in real time to make better decisions about your finances.
It is also important to choose the option that is best for you and learn about its benefits. In addition, you should do a thorough evaluation before deciding on a safe, reliable and suitable financial platform for your needs.
