Izipay company expands digital operations towards the microfinance sector

The digital payment processing company izipay signed a strategic alliance with Arequipa Box in order for it to have the payment service with QR codewith that of facilitating the purchase and sale as well as contributing to the development of the financial inclusion in Peru.

Thus, izipay expands its operations towards the microfinance sector, since Caja Arequipa is the first municipal savings bank within the broad portfolio of allies with this service.

It should be noted that this service is already available from this month on Android and iOS devices.

According to Felipe Venturo, general manager of izipay, sealing this union took about three months and will aim to make the leap into new sectors, in this case, microfinance.

In his turn, Wilber Dongo Díaz, Central Business Manager of Caja Arequipa explained that this solution will allow the more than 122 thousand digital users nationwide of the Caja Arequipa Móvil application to carry out operations without their debit or credit card; that is, they will only have to scan the QR codes of the izipay POS or APP to pay for their consumption in the different establishments affiliated with the digital payment processing company.

QR Code Preview

QR codes have been used as an instrument for financial inclusion to promote digital payments between businesses and customers, regardless of the financial institution that participates in the provision of said service, and izipay is one of the nine providers of digital payment methods , according to the registry of the payment service with QR codes published by the Central Reserve Bank (BCR).

As is well known, mobile wallets allow customers to pay by scanning a QR (quick response) code, which stores information provided by merchants. Commercial establishments that have an izipay POS generate a QR code from their own equipment, which is reflected on the screen so that it can be read directly by the customer’s electronic wallet.