Fintech
Inswitch becomes the official supplier of n1co, a fintech transforming digital payments in Latin America with VISA cards.
MIAMI, July 11, 2024 /PRNewswire/ — Switchworld leader in embedded financial technology and n1co Technologiesa Salvadoran fintech company with a mission to integrate more people into the financial future, has announced a new partnership. Inswitch provides n1co with the issuance and processing service for its new VISA debit cards. Thanks to this agreement, n1co users can now make their payments online or at physical points quickly and safelynot only in El Salvador but also internationally.
Inswitch becomes the official supplier of n1co, a fintech transforming digital payments in Latin America with VISA cards.
Using Inswitch’s platform, n1co offers its customers a completely digital and simple onboarding process. Through a simplified digital KYC (Know Your Customer) process, n1co users gain access to a Visa account and debit card to make transactions worldwide. Additionally, they can make deposits and withdrawals throughout El Salvador at over 1,000 physical locations and through top-ups with credit and debit cards from other banks.
Additionally, with Inswitch technology, n1co is now ready to offer person-to-person (P2P) transfers for both banked and unbanked customers. This partnership between n1co and Inswitch promotes financial inclusion among a large portion of the Salvadoran population, especially young people, by offering them easy access to their first financial instruments.
“At Inswitch, we are committed to enabling companies like n1co to become fintech leaders in their markets,” said Ronald Alvarenga, CEO of Inswitch. “Our collaboration reflects a shared vision of ensuring access to financial services for all and promoting financial inclusion in El Salvador and the region. This partnership represents a significant advance in access to financial services, especially for young people, who can now manage their finances at a younger age in a healthier way.”
“We are very excited to announce our partnership with Inswitch, a leading card issuing and processing company. This collaboration allows us to offer our users the security and trust they deserve. With the support of Inswitch, n1co is evolving digital financial solutions in the region by simplifying transactions between merchants and users,” said Alejandro Argumedo, CEO of n1co.
“At Visa, we collaborate with fintechs around the world to design innovative and secure solutions that transform the digital payments industry. That’s why we celebrate our partnership with n1co, which, together with the issuing and processing services provided by Inswitch, enables more Salvadorans to access financial products and services, while contributing to a more inclusive economy in the country,” said Carmen Sanchez Bolaños, Director General of Visas in El Salvador.
Inswitch and n1co are leading a new era of financial services in El Salvador, combining cutting-edge technology with a deep understanding of user needs to provide simple, secure and accessible payment solutions that can help transform the financial lives of people in the country.
The n1co card and n1co app are more than just tools; they are gateways to a world of financial possibilities. With the ability to make payments at any merchant that accepts Visa cards, n1co is taking convenience, technology and accessibility to a new level. Additionally, with a network of more than 12,000 registered merchants in El Salvador, Honduras and Guatemala, n1co is establishing itself as a key player in the regional financial landscape.
About Inswitch
Inswitch is a global provider of embedded finance technology, helping businesses and organizations rapidly deploy their own digital financial services. With Inswitch’s API-driven Fintech-as-a-Service platform, any business can select the best financial solution for their specific needs. All with a frictionless, rapid-market strategy, leveraging Inswitch’s global network of checkout, banking, card issuing, and payments. For more information, visit www.inswitch.com.
About n1co
n1co is a Central American fintech company, founded in April 2022 with the vision of evolving the region’s financial system. It is a leader in digital financial solutions that empower individuals and businesses. Website: www.n1co.com; Facebook n1co; Information n1co.latam; Chirping @n1co_latam; Linkedin n1co; Merchant Affiliation: https://n1co.shop/onboarding/; Individual affiliation: https://app.n1co.com/; Business WhatsApp: Italian: https://wa.me/50324086126
About VISA
Unlocking Opportunity for All. We are a trusted global leader in digital payments committed to removing barriers and connecting more people to the global economy. Our goal is to serve everyone by being the best way to pay and collect. https://www.visa.com
LinkedIn: @Inswitch
X: @inversion
Address: Italian: https://inswitch.com/
SOURCE Inswitch