“Can a Colombian financial-inclusion wallet become the embedded-finance rails for retail banks and businesses across LatAm?”
Tpaga began in 2015 as a consumer mobile wallet targeting Colombia's unbanked population, with bill pay, P2P transfers, and a 45,000-point cash-out network. It then evolved into an embedded finance platform exposing PSE, ledger, low-amount deposit, and interbank transfer APIs so other businesses can launch wallets on its rails. The March 2026 Banco Serfinanza 30% equity deal cements its shift from standalone wallet to BaaS-style infrastructure provider backed by a chartered Colombian bank.