Ubii Pagos’ goal is to make the invisible, visible. This Venezuelan fintech was created to make the ubiquity of financial inclusion possible through state-of-the-art payments solutions. The company opened in 2016 with a firm commitment to be disruptive during a critical time for Venezuela’s economy — cash had disappeared from the streets and point-of-sale technology was necessary to process payments.
Committed to innovation and driving change, the company has developed an entire ecosystem of payment solutions for individuals and businesses. One of them is Ubii App, a payments app that enables Venezuelans who live in Venezuela or abroad to make bank transfers in Venezuela, remittances to Venezuela from outside of the country, mobile payments, telephone top-ups and payment of internet and satellite television services.
While the Ubii App offers the same services as a traditional bank, the Ubii Pagos team wanted to avoid the cumbersome steps that go with opening a bank account in person. They needed an automated solution that would enable them to verify customer identities in a matter of seconds while meeting KYC compliance mandates and minimizing the need for time-consuming manual verification.
