RappiPay launches Bóveda savings product for SMEs with 13.5% annual rate

RappiPay, the fintech arm of Rappi, launched Bóveda, a liquidity management product for SMEs and companies, offering up to 13.5% E.A. for a 540-day term and 11.5% E.A. for 180 days. This move expands RappiPay's corporate offerings in a high-interest-rate environment, likely targeting yield-hungry business clients. The product's success will depend on demand and competitive positioning against traditional bank instruments.