Spanish bank BBVA has acquired Openpay; fintech startup Openpay is a payment service provider that will help to facilitate real-time payments and transfers for BBVA; according to Openpay Co-Founder Roberto Bargagli: "This acquisition shows BBVA's commitment to digital transformation and it is an example of how fintech firms and banks are going to revolutionize the global ecosystem together. We will work with tremendous enthusiasm to take advantage of this huge potential." Source
The partnership will seek to promote growth of fintech startups in Latin America through investment and business development from QED Investors; Scotiabank has a strong presence in Latin America with interest in the region's digital innovation; it will look to QED Investors for customer development and support it in strategic investments. Source