The stock broker Stocks & Securities announced an alliance with fintech convera for cross-border payments in more than 140 currencies and 200 countries and territories, with more than 60 global partners.
(Valle del Cauca and Antioquia receive 42% of remittances).
Convera is an independent provider of business-to-business cross-border payment and currency exchange solutions. It is worth noting that after the closing of the announced acquisition of Western Union Business Solutions (WUBS) by Goldfinch Partners, LLC and The Baupost Group, LLC for USD $910 million, the company is renamed Convera.
The old unit Western Union Business Solutions, has 1,800 employees in more than 30 offices around the world and processes more than USD 110,000 million and a base of more than 30,000 small and medium-sized companies. In Colombia, this alliance goes hand in hand with Acciones & Valores, a brokerage firm that is represented by Western Union and now, by Convera.
(Worker remittances mark another maximum).
“We are happy to be partners with Convera. With this alliance, Acciones & Valores enters the top 10 largest exchange market intermediaries in Colombia, focused on small and medium-sized companies, but also entrepreneurs, students and investors”says Luis Felipe Aparicio, leader of Digital Transformation at Acciones & Valores.
Luis Felipe Aparicio, leader of Digital Transformation at Acciones & Valores.
For its part, the fintech Convera highlighted that it is monitoring new opportunities in Colombia and Latin America. “We are particularly focused on expanding the breadth of our strategic partnerships and we anticipate expanding our presence in the next 3-5 years. This includes strengthening relationships with payment-focused banks and FinTechs, which rely on providers like Convera, with competent global payment processing capabilities. We believe that Latin America represents a great opportunity as a region, with immense growth potential.” commented Stephen Kuhl, CFA Managing Director: Financial Institutions at Convera.
The truth is that with this incursion of Convera into the Colombian market through Acciones & Valores, the trend is that consumers can count on their international payments being more intuitive and competitive in costs as they are used to in the field. local.
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