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With this new offer, Bogotá area residents and businesses will have access to some of the fastest symmetrical internet speeds in the world, at a sub $100 USD price point.

Facebook says it chose Colombia to start due to the fact that its population is tech-savvy and highly social.

"We have products for the whole Colombian market — so we’re thinking about quite ambitious growth," said Jhon Fredy Giraldo of LG.

"Colombia is always advancing in the use of technology — so we see an important opportunity," says Luis Rico of HP.

"We aim to deliver the best possible technology at a reasonable price, and then honestly we want to then step back and let our customers innovate," says Finbarr Moynihan of MediaTek.

Visa users within Grupo Aval’s Banks: Banco Occidente, Banco de Bogotá, Banco AV Villas, and Banco Popular and have an Android or iOS smartphone will be the first to Access Aval Pay, a new digital wallet in Colombia. The platform was developed using technology by Yellow Pepper,...