Redeban
in Colombia 🇨🇴
Crypto-Friendliness
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About Redeban in Colombia
Redeban is Colombia's leading electronic payment processor and administrator of a low-value payment system. The company provides comprehensive payment solutions including clearing and settlement services, payment service provider (PSP) operations, and electronic transaction processing. Redeban processes over half of Colombia's electronic payment transactions, holding a 54% market share in monetary transactions as of 2023.
The company operates a multi-rail payment infrastructure supporting card transactions, correspondent banking, fund transfers, and ATM services. Redeban is supervised by the Superintendencia Financiera de Colombia (Financial Superintendence of Colombia) and serves as the backbone of Colombia's digital payment ecosystem.