Rappi hopes to be operating as digital bank in Colombia by early 2022, executive says


FILE PHOTO: Delivery workers for Rappi and other delivery apps protest as part of a strike to demand better wages and working conditions, amid the coronavirus disease (COVID-19) outbreak, in Bogota, Colombia August 15, 2020. REUTERS/Luisa Gonzalez/File Photo

BOGOTA (Reuters) - Delivery mobile application Rappi hopes to get regulatory approval to operate as a digital bank in Colombia in the first quarter of next year, an executive said on Monday.

If authorized, the company plans to expand its services as a financial entity through RappiPay, a joint venture with bank Davivienda, which already offers a credit card and an electronic account.

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