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Colombia reopens usury rate cap debate; formal credit access at stake
La RepúblicaLO·CO·about 21 hours ago
Colombian bank Davivienda and its digital wallet DaviPlata have enabled 403 Olímpica retail stores as banking correspondents, allowing deposits, withdrawals, and payments across over 2,800 cash registers. This expands financial access in Colombia, particularly for unbanked populations, and strengthens Davivienda's distribution network. The move is part of a broader trend of retail-bank partnerships in Latin America.
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