Evolution of Money Transfer: From Telegraphs to Smartphones

World Today

For over 150 years, transferring money has evolved remarkably, from its humble beginnings with telegraphs to its current reliance on smartphones. Today, instant payments are revolutionizing the global financial landscape, benefiting small businesses and corporate giants. But what lies ahead as we stand on the cusp of the next chapter in financial innovation?

To shed light on this question, we turned to Gaston Iragoyen, the co-founder and CEO of Pomelo. This pioneering fintech company has reshaped financial services infrastructure in Latin America. Through Pomelo’s innovative platform, fintech, crypto, and digital transformation companies across various sectors, including banking, retail, agriculture, and education, can now offer their customers banking products and card issuance, ushering in a new era of accessibility and convenience.

Americas Now Elaine Reyes sat down with Iragoyen at the 2024 edition of the Rio WebSummit.