“Can Teledolar become the dominant B2B payment infrastructure and cross-border disbursement platform for financial institutions and corporates across Latin America by leveraging its 25+ years of SINPE connectivity and a growing API layer?”
Founded in 1997 as a traditional electronic payment and remittance operator in Costa Rica, Teledolar built a 2,000-agent retail network and became the leading PSP authorized under SINPE and supervised by SUGEF for AML. The company pivoted toward a fintech API model, offering corporate clients turnkey payment infrastructure for bill payments, cross-border transfers, and real-time deposits in USD and colones. The 2020 Nium partnership accelerated its cross-border and international payout capabilities, signaling a strategic shift from domestic agent-based distribution to a regional B2B fintech platform serving LATAM.
Teledolar processes payments through Teledolar Payments (self-operated) and SINPE (self-operated via BCCR authorization).
Teledolar uses Nium for FX and cross-border payouts.
The Embedded Finance Index 2026 maps 3 layers in Teledolar's stack: Payments / PSP (Teledolar Payments (self-operated) and SINPE (self-operated via BCCR authorization)); Unified APIs (Nium); FX & payouts (Nium).
Teledolar is founded in 1997 and headquartered in San José, Costa Rica.
Get a read on where your own stack stands against Teledolar and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.