Prometeo launches its Payment API

Prometeo is on a mission to create an open and connected financial market in LATAM. The launch of its Payment API enables texchanges using banking infrastructure and API connectivity. The service is a "pay-per-bank" facilitator allowing digital money transfers and automated payments between financial institutions in LATAM, without credit card fees, delays, and complicated manual intervention. 

Prometeo's Payment API is already connected with banks that represent 80% of the market share in Colombia, Perú, and Ecuador. 

With the increased demand for fintech products due to the pandemic, Prometeo is committed to building a huge highway of financial information and payment initiation across financial institutions and LATAM countries to standardize and facilitate payment processes, transactions, and access to information.

By empowering companies through banking API, third-party financial service providers will accelerate their digital transformation strategies while consumers will receive better financial products, too: credit analysis development, bank account validation, centralized bill payments, financial education tools, electronic wallets, and payment tracking.