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SAN SALVADOR, The Savior, September 9, 2021 / PRNewswire / – Agricultural bank®, member of Grupo Bancolombia and the largest financial institution in The Savior with more than 1,000 service points across the country, today announced that it has enabled bitcoin payments for consumer and merchant customers through a new partnership with Flexa, the world’s first fully digital payment network. With this new integration, Bancoagrícola now accepts bitcoin (BTC) across its network for loan, credit card, and merchant goods and services payments in accordance with the new “Bitcoin Law” in force. September 7.
The largest financial institution in The Savior chooses Flexa to fund bitcoin payments for customers and bank departments
The bitcoin acceptance solutions introduced today by Bancoagrícola and Flexa are the first of their kind, not only in the Latin America but also across the world. Bancoagrícola customers can now use any Flexa or Lightning compatible wallet app to pay US dollar loans and credit card payments in bitcoin at the exact market rate, with no additional fees or spreads. Bancoagrícola merchants currently accepting payments through the Wompi The payment gateway can also enable Flexa-based bitcoin payments with zero system fraud guarantee and no cost to end customers. Bancoagrícola has also pledged to bring turnkey, anti-fraud Bitcoin payments through Flexa to all of its customers’ point-of-sale terminals by the end of this year.
“We are delighted to be the first financial institution in The Savior to enable access to bitcoin to our customers across our entire range of financial products and to improve financial inclusion, ”said Carlos Mauricio Novoa, COO of Bancoagrícola. “At Bancoagrícola, we seek to innovate to promote sustainable economic development; we work tirelessly to meet the financial needs of our clients in the most responsible, respectful and caring way possible. Flexa has been instrumental in helping us prioritize the experiences of our customers using bitcoin as legal tender in The Savior; we look forward to continuing to innovate alongside them for a long time. “
“As has always been the case, our vision at Flexa is to create software that helps anyone spend any currency with any app in any store, online or anywhere in the world. world “said Trevor filter, co-founder of Flexa. “The opportunity to collaborate with such innovative and world-class organizations as Bancoagrícola and Grupo Bancolombia so that we can support better payment technology for millions of Salvadorans in such a tangible and impactful way is simply amazing. We are very grateful to have spent the last months on this trip with the Bancoagrícola team and I look forward to seeing how the rest of this financial revolution unfolds. “
Bancoagrícola account holders are encouraged to download the latest version of the Bancoagrícola mobile application (Mobile banking) or visit bancoagricola.com to make payments with bitcoin. Traders in The Savior who wish to activate bitcoin payments should contact their Bancoagrícola account manager or explore Flexa integration offers for more details and to get started.
About Bancoagricola
Agricultural bank, as a Salvadorian bank for 65 years, promotes sustainable economic development for the well-being of all. With more than a million customers, the bank offers solutions that promote financial inclusion, strengthen the competitiveness of the productive fabric and support the construction of more sustainable cities and communities.
About Flexa
Flexa is the world leader in purely digital payments. We provide traders and developers simple integrations for digital currency acceptance that are fast, affordable and completely fraud-proof. Founded in 2018, Flexa’s mission is to make payments more efficient and accessible for people around the world.
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SOURCE Flexa
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