Bogotá’s Multibank Launches Online Transactional Banking Capability

Multibank, the Colombian bank owned by Panama based Multibank, Inc. has recently released its online banking platform across its various customer segments. The primary phase of the online banking release allows customers to verify balances and make some payments. The second phase, to roll out at the end of 2015, will enable payments for taxes and public services.

“This is an important step that will permit us to strengthen our strategy of becoming one of the principal business banks, without leaving behind our individual customers. Now all will be able to make transactions such as paying providers, payroll, and verify information from the comfort of their house or office, by any computer with an internet connection,” said Multibank Colombia President Maria Mercedes Machado (pictured above). “This new channel is a simple and easy to use tool that we want to become an ally for our customers.”

Multibank was previously Macrofinanciera S.A. Compañia de Financiamiento in Colombia, until it was purchased in 2011by Multibank, Inc. and applied for a banking license, granted earlier this year.  The bank offers business credit, factoring, savings accounts, certificates of deposit, and other services.