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Revolut wins Colombian banking license, plans $200M investment
La RepúblicaLO·CO·1 day ago
Colombia Fintech president Gabriel Santos claims that 37% of the population remains trapped in informal 'gota a gota' lending due to high usury rates, and that separating the rate for consumer and ordinary credits could unlock nearly $11 trillion in formal credit. The claim is an advocacy estimate, not yet policy, and its market impact depends on regulatory action.