“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.
Tpaga discloses Coopcentral (sponsor — via banking-gateway.tpaga.co/api/coopcentral/v1) + Banco Serfinanza (30% equity partner, 2026) as its banking provider, with Banco Cooperativo Coopcentral as its sponsor bank, according to the Embedded Finance Index 2026.
Tpaga does not disclose a bank charter of its own; its banking services are provided through Banco Cooperativo Coopcentral.
Tpaga processes payments through Tpaga PSE API (self-operated), Tpaga Cashin API (self-operated), Tpaga Cashout API (self-operated), Tpaga Payment Links (self-operated) and Tpaga OTP / POS wallet payments (self-operated).
Tpaga's lending and capital products are provided by Tpaga (in-house) — loans offered within the wallet.
Tpaga runs its ledger on Tpaga Ledger API (in-house).
Tpaga's payroll is powered by Tpaga Dispersiones API (in-house).
The Embedded Finance Index 2026 maps 6 layers in Tpaga's stack: Payments / PSP (Tpaga PSE API (self-operated), Tpaga Cashin API (self-operated), Tpaga Cashout API (self-operated), Tpaga Payment Links (self-operated) and 1 other); Banking / BaaS (Coopcentral (sponsor — via banking-gateway.tpaga.co/api/coopcentral/v1) + Banco Serfinanza (30% equity partner, 2026)); Ledger (Tpaga Ledger API (in-house)); Lending (Tpaga (in-house) — loans offered within the wallet and In-app loan requests); Payroll (Tpaga Dispersiones API (in-house)); Sponsor bank (Banco Cooperativo Coopcentral).
Tpaga was founded by Andrés Gutierrez and is founded in 2015, headquartered in Bogotá, Colombia.
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