Under the terms of their five-year agreement, Powwi will implement BPC’s SmartVista suite to manage the transactional service requirements for its customers and to help drive growth across the Colombia. This platform offers a selection of modules which can be used as micro services to deliver full end-to-end banking and payment experience or as a standalone.

Powwi will implement the platform to deliver an augmented experience to their customers. BPC’s SmartVista will drive internet and mobile devices, offering real-time banking services such as balances and account information, fund transfers, bill payments, and payment of services. It will also simplify the ability to open online accounts for transactions with a complete digital security scheme.

Powwi achieves financial inclusion by leveraging an aggregator model that widens its network of companies, nonprofits, and microfinance institutions, from cooperatives and residential complexes to credit originators and compensation fund providers. Together these players are used as a channel to disburse small loans and support bank account services for Powwi customers, who are also granted  debit and prepaid cards issued by Visa and Mastercard.