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Operating as a network of banking correspondents, Su Red enables users to perform financial transactions such as money transfers and bill payments, enhancing financial inclusion in underserved areas.

Method
Su Red
LPM Market Share
18%
Payments
Yes
Refunds
Yes - full and partial refunds (automated)
Type
Cash-in
Local Card Scheme
Users
1M
Disbursements
No
No
Chargebacks
$25.00
$25.00
Authorization currency
COP
Authorization
speed
Instant
Recurring
No
No