TELERED - PANAMA

TELERED - PANAMA

TELERED, S.A., is the leading company in the development of electronic payment methods in Panama, contributing to the country's economic development through its technological platforms ACH Directo, Mis Pagos Hoy, a payment hub that connects online banking with billing companies, and its subsidiary PID (Image and Document Processing). Telered manages the SISTEMA Clave, the 100% Panamanian debit card brand, with nearly 30 years of existence in the market, providing cardholders with significant benefits and services that facilitate their lives, such as cash withdrawal at ATMs, reloading and payment of public and private services, sending remittances nationally, and purchases at more than 26,000 merchants across the Republic of Panama, among others. It has over 2,200 ATMs and 36 affiliated Financial Institutions to the Clave Network.

Founded: 1991

Industries: Financial Services, Fintech

As of now, there is no public information available regarding their last investment or the last investment investors.

This analysis presents TELERED as a dominant player in the electronic payment industry in Panama, boasting a robust history dating back to 1991. With a comprehensive suite of services and a wide network of affiliated institutions, TELERED is well-positioned to capitalize on the growing demand for electronic payment solutions in the region. Given its strategic market presence and extensive experience, the company might be an attractive prospect for venture capital firms seeking to invest in the thriving fintech sector in Panama.