Nequi, the digital financial platform operated by Bancolombia, has announced a new partnership with global payments provider Payoneer.
The partnership allows Nequi users to transfer funds in US dollars or euros from Payoneer accounts into their Nequi wallets, with the funds converted into Colombian pesos in just minutes. This marks a significant milestone for Nequi, which already offers more than 30 financial services within its app. The integration also introduces the ability to receive euros through Nequi for the first time, broadening the range of currencies available to its users.
Nequi business strategy leader María del Pilar Correa said, “At Nequi we work to adapt to new global dynamics by facilitating the reception of international payments in an efficient and economical way. That is why this new integration with Payoneer has us very excited because we continue to strengthen the possibilities for our users and this will undoubtedly be a great option for freelancers, entrepreneurs and people who do international business, since they can receive payments from clients in other countries, with different currencies, in a fast and secure way at a global level.”
Payoneer SVP growth for Latin America Mar Fernández said, “By partnering with the most popular neobank in Colombia, Payoneer is helping to address a critical need in the region: enabling entrepreneurs in Colombia receive payments with increased flexibility in fund usage. Working with Nequi to enhance our functionalities further fulfills Payoneer’s mission to empower businesses from anywhere in the world to scale to their businesses globally. We aim to support the ambitions and boost the international competitiveness of Colombian professionals.”
To activate this new feature, users must link their Nequi and Payoneer accounts. This requires being a Colombian citizen, over 18 years old, and possessing a valid national ID. Users can link an existing Payoneer account directly within the Nequi app or create a new Payoneer account without leaving the app. It is crucial to use the same email address for both platforms to ensure smooth linkage.
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