“Can Colombia's largest mobile-wallet for the unbanked monetize its 19.5M users by becoming their primary credit provider?”
DaviPlata began in 2011 as Banco Davivienda's mobile-wallet experiment to bank the unbanked using only a phone number. It scaled into one of Colombia's largest financial-inclusion platforms (19.5M+ users by 2025). The current pivot is from a transfer-and-wallet rail to a full neobank: nanocredit, debit cards, upcoming credit cards, QR commerce acceptance, and open-finance APIs (API Pago DaviPlata) sold to merchants. The bank rail remains in-house at Davivienda; the strategic question is whether wallet-scale distribution can convert into credit P&L.
Daviplata discloses Banco Davivienda S.A. (in-house) as its banking provider, according to the Embedded Finance Index 2026.
Daviplata does not disclose a bank charter of its own; its banking services are provided through Banco Davivienda S.A. (in-house).
Daviplata processes payments through API Pago DaviPlata (self-operated), Botón de Pagos DaviPlata (self-operated), PSE (Colombia ACH) and Bre-B (Colombia instant payments).
Daviplata's cards are issued through Banco Davivienda S.A. (in-house).
Daviplata runs its ledger on Banco Davivienda S.A. (in-house).
The Embedded Finance Index 2026 maps 6 layers in Daviplata's stack: Payments / PSP (API Pago DaviPlata (self-operated), Botón de Pagos DaviPlata (self-operated), PSE (Colombia ACH) and Bre-B (Colombia instant payments)); Banking / BaaS (Banco Davivienda S.A. (in-house)); Card issuing (Banco Davivienda S.A. (in-house)); Ledger (Banco Davivienda S.A. (in-house)); Lending (Nanocrédito (digital micro-loan up to COP $5,551,644, up to 36 months, fixed rate, in-app) and Upcoming credit card (announced 2025)); Sponsor bank (Banco Davivienda S.A. (in-house)).
Daviplata is founded in 2011 and headquartered in Bogotá, Colombia.
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