# Banco Formosa digital payment initiatives

> Live situation record from CLSTR: https://clstr.news/situations/banco-formosa-digital-payment-initiatives
> Updated: 2026-10-20T14:32:07.000Z. Sources: 4. Developments: 2.

Banco Formosa has implemented several initiatives to promote digital payment methods in Formosa. The bank conducted the fifth drawing of its ‘Todo Suma’ campaign, which rewards customers and businesses for using digital tools such as debit and credit cards, home banking, and digital deposits. To date, over 75 participants have received prizes through this program.

Additionally, the Formosa provincial government and Banco Formosa signed an agreement to integrate the ‘Onda’ digital wallet with the Provincial Food Sovereignty Program (SAF). This initiative provides 10% purchase rebates for both merchants and consumers, with specific monthly caps on refunds. The program has expanded to include various small and medium-sized enterprises within the province.

## Timeline

### 2026-10-20: Formosa government and Banco Formosa sign digital wallet agreement

Formosa authorities and Banco Formosa launched a 10% rebate program via the ‘Onda’ digital wallet to support local consumers and SMEs through the end of the year.

3 sources. https://clstr.news/cluster/formosa-government-and-banco-formosa-sign-digital-wallet-agreement

### 2026-10-06: Banco Formosa rewards over 75 clients and businesses in fifth sweepstakes

Banco Formosa held its fifth ‘Todo Suma’ sweepstakes, rewarding over 75 customers and businesses to encourage the use of digital banking and payment tools.

2 sources. https://clstr.news/cluster/banco-formosa-rewards-over-75-clients-and-businesses-in-fifth-sweepstakes

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Cite as: Banco Formosa digital payment initiatives. CLSTR, https://clstr.news/situations/banco-formosa-digital-payment-initiatives