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Transfiya, developed by ACH Colombia and powered by Minka's technology, has achieved rapid growth, now processing over 25m transactions per month. With a 44% share of the digital payments market and access to a banked population of 36m people in Colombia, it is becoming a key transfer method.
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"In the last five years, the way we transfer and move money in Colombia has changed. The traditional financial system is like an onion: with layers overlapping one another, forming financial processes that for decades hindered the fluidity and efficiency of transactions."
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