In a breakthrough for blockchain-powered finance, SukuPay, the fintech modernizing cross-border payments through invisible crypto infrastructure, has been fully embedded as the remittance engine inside Zigi – the mobile app of Banco Industrial – Guatemala\u2019s largest bank.<\/p>\n\n\n\n
This integration marks the first time a crypto-native protocol has gone live at this depth inside a top-tier LATAM retail bank.<\/p>\n\n\n\n
Guatemalans can now receive funds from the U.S. instantly and securely for a flat $0.99 fee – using only a phone number through their existing bank app.<\/p>\n\n\n\n
“This isn’t a feature, it’s a financial infrastructure upgrade,” said Yonathan Lapchik, CEO, of SukuPay.<\/p>\n\n\n\n
“By embedding SukuPay inside Zigi, Banco Industrial has become the first bank in Latin America to fully adopt stablecoin rails as a core remittance engine. We’re not offering a crypto product. We’re powering real-world payments that actually work for real people – banked or unbanked.”<\/p>\n\n\n\n
Each year, over $165 billion is sent in remittances from the US to Latin America, with Guatemala receiving over $21 billion in remittances annually, making it the second-largest recipient in Latin America after Mexico.<\/p>\n\n\n\n
However, traditional remittance services are regarded as outdated and burdened by high fees, slow settlement and painful user experiences.<\/p>\n\n\n\n
“With SukuPay’s infrastructure embedded directly into Zigi, we’re not just improving remittances, we’re setting a new standard,” said Michel Caputi, Head of Strategic Alliances Division, Banco Industrial.<\/p>\n\n\n\n
“This is a modern solution to a legacy problem – and we’re proud to lead the way in Latin America.”<\/p>\n\n\n\n
<\/p>\n","protected":false},"excerpt":{"rendered":"
In a breakthrough for blockchain-powered finance, SukuPay, the fintech modernizing cross-border payments through invisible crypto infrastructure, has been fully embedded as the remittance engine inside Zigi – the mobile app of Banco Industrial – Guatemala\u2019s largest bank. This integration marks the first time a crypto-native protocol has gone live at this depth inside a top-tier […]<\/p>\n","protected":false},"author":58,"featured_media":17171,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[71,1941,436,5,2237,49,89,81,3],"tags":[5748,833,480,433,684,414,12,3748,5749,5747],"class_list":["post-17170","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-banking-finance","category-finance","category-guatemala","category-intelligent-technology","category-latam","category-mexico","category-mobile","category-retail","category-top-stories","tag-bank-app","tag-blockchain","tag-finance","tag-guatemala","tag-infrastructure","tag-latam","tag-mexico","tag-mobile-app","tag-retail-bank","tag-sukupay"],"acf":[],"publishpress_future_workflow_manual_trigger":{"enabledWorkflows":[]},"_links":{"self":[{"href":"https:\/\/www.intelligentcio.com\/latam\/wp-json\/wp\/v2\/posts\/17170","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.intelligentcio.com\/latam\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.intelligentcio.com\/latam\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.intelligentcio.com\/latam\/wp-json\/wp\/v2\/users\/58"}],"replies":[{"embeddable":true,"href":"https:\/\/www.intelligentcio.com\/latam\/wp-json\/wp\/v2\/comments?post=17170"}],"version-history":[{"count":1,"href":"https:\/\/www.intelligentcio.com\/latam\/wp-json\/wp\/v2\/posts\/17170\/revisions"}],"predecessor-version":[{"id":17172,"href":"https:\/\/www.intelligentcio.com\/latam\/wp-json\/wp\/v2\/posts\/17170\/revisions\/17172"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.intelligentcio.com\/latam\/wp-json\/wp\/v2\/media\/17171"}],"wp:attachment":[{"href":"https:\/\/www.intelligentcio.com\/latam\/wp-json\/wp\/v2\/media?parent=17170"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.intelligentcio.com\/latam\/wp-json\/wp\/v2\/categories?post=17170"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.intelligentcio.com\/latam\/wp-json\/wp\/v2\/tags?post=17170"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}