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"The enemy of the Colombian financial system is cash"

“The enemy of the Colombian financial system is cash”

Businesses and individuals alike have aroused a particular appetite for digital tools that serve as an alternative to cash and facilitate access to services, such as saving money and performing financial transactions without paperwork or additional fees. Currently, digital financial players such as Nequi, Daviplata, Lulo Bank, Nu (from Nubank) have made their way into …

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Ecopetrol to Pay Highest Dividend in History, Is Stock Growth Affected?

Ecopetrol to Pay Highest Dividend in History, Is Stock Growth Affected?

The need to cover the $14.1 billion budget shortfall left by the gasoline subsidy will benefit Ecopetrol’s minority owners. Yesterday, the extraordinary meeting of shareholders of the oil company approved the release of part of the occasional reserve equivalent to 6.9 billion dollars, which will be distributed among the holders of securities: the Nation – …

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