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The Spanish commercial bank now will be able to make more secure interbank transfers and use ACH’s “PSE Button” for digital payments.

PayPal, the global electronic payments system that was purchased, then spun out of internet auction platform eBay, recently announced that it is pulling out of Colombia, at least for domestic payments. The company, that allows individuals and businesses to send money to each...

Colombia has made significant strides in the shift to electronic payments, but further progress in addressing the informal cash economy, increasing merchant acceptance and consumer adoption is needed to further advance the shift to digital payments in the country, according to a...