Efecty

Type: Payment Service

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About Efecty

Founded	2001
Headquarters	Bogotá, Colombia
Market share	Efecty is one of the leading payment service providers in Colombia, competing with other local and international services.
Major competitors	Davivienda Bancolombia Movii Nequi
Notable partnerships	Collaboration with local banks for seamless money transfers. Partnerships with utility companies for bill payment services. Engagement with e-commerce platforms to facilitate online payments.
Recent developments	Expansion of services to include more digital payment options. Increased focus on financial inclusion for underserved populations. Enhancements to security measures for online transactions.
Regulations	Efecty operates under Colombian financial regulations and is subject to oversight by the Superintendencia Financiera de Colombia.
Official website	https://www.efecty.com.co