Nequi & Payoneer Join Forces to Streamline Cross-Border Payments for Colombian Entrepreneurs

Nequi & Payoneer Join Forces to Streamline Cross-Border Payments for Colombian Entrepreneurs

Nequi, the innovative digital financial platform powered by Bancolombia, has recently partnered with the global payments provider Payoneer. This collaboration enables Nequi users to effortlessly transfer funds in US dollars or euros from their Payoneer accounts into their Nequi wallets, with a seamless conversion to Colombian pesos occurring in just minutes. This enhancement marks a significant advancement for Nequi, which already boasts over 30 financial services within its app.

New Currency Options for Nequi Users

The integration with Payoneer introduces the capability for users to receive euros via Nequi for the first time, further expanding the variety of currencies available at their fingertips.

Statements from Nequi and Payoneer Leaders

María del Pilar Correa, the business strategy leader at Nequi, expressed her enthusiasm about this new integration: “At Nequi, we strive to adapt to evolving global dynamics by making international payments accessible and cost-effective. This partnership with Payoneer is a significant step towards enhancing our offerings for freelancers, entrepreneurs, and individuals engaged in international business.”

Mar Fernández, SVP of growth for Latin America at Payoneer, added, “By collaborating with Colombia’s leading neobank, we are addressing a vital need in the region. This partnership allows Colombian entrepreneurs to receive payments with greater flexibility, aligning with our mission to empower businesses worldwide to scale effectively.”

How to Activate the New Feature

To utilize this new functionality, users must link their Nequi and Payoneer accounts. Here’s how to get started:

  1. Ensure you are a Colombian citizen, at least 18 years old, and possess a valid national ID.
  2. Link an existing Payoneer account within the Nequi app or create a new Payoneer account directly through the app.
  3. Use the same email address for both platforms to ensure a smooth account linkage.
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This exciting new feature is expected to streamline the process for users who frequently engage in international transactions, making it easier than ever to manage funds across different currencies.

Explore More About Nequi

For further information on the services offered by Nequi, visit their official website. You can also learn about additional features and updates by checking out related articles on financial services and neobank trends.

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