“We want to make electronic money as immediate as physical money,” said Juan José Galnares, president of Clip.
Clip, which has a license from the Electronic Payments Financial Institution (IFPE), will allow users to access credit because they also perform data analysis.
The digital account has access to a Visa card.
Clip expects there to be high adoption of these accounts due to the size of the market and the merchant base that is already its customer base.
Existing Clip users simply download the banking app and the money will be automatically deposited. The transaction fee remains at around 3.6%.
Clip, which also offers loans to SMEs, highlights that with this account they will be able to continue to perform a better analysis of their clients in order to grant financing.
