Qik Banco Digital reaches one million customers in Dominican Republic

In the Dominican Republic, Qik Banco Digital, a subsidiary of Grupo Popular, has surpassed one million customers since launching in November 2022. The neobank reports assets exceeding RD$17 billion, a credit portfolio of over RD$7 billion, and deposits surpassing RD$12 billion. The average customer age is 32, with high concentrations in Santo Domingo, Santiago, La Vega, and San Cristóbal.

In Colombia, the interoperable immediate payment system Bre-B has completed its first year of operation. According to the Banco de la República, the platform has processed over 1.7 billion transactions totaling more than COP 262 trillion. The system has reached over 36 million users with more than 116 million digital keys registered. While the system has transformed financial transfers, cybersecurity experts warn of rising risks involving social engineering, phishing, and fraudulent digital receipts.