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UR-M1052 : Equity Investment in Resonance Uruguay

Project Status: Closed

Equity Investment and loan to Resonance Uruguay. Resonance is a company legally incorporated in 2007, dedicated to providing solutions for financial inclusion, through the installation and operation of massive networks of POS terminals multipurpose that provides financial transactions in small shops. Resonance, owns a network of 906 POS terminals (POS), 60% of their terminals are located on the inside of the country. These terminals have functionality to perform financial transactions, such as payments, transfers, cash withdrawals and financial correspondents. We also have business services offered through POS terminals to small, such as sale of prepaid products and loyalty programs.

Project Detail

Project Number
UR-M1052
Project Country
Uruguay
Project Sector
FINANCIAL MARKETS
Project Subsector
FINANCIAL INCLUSION
Project Type
Technical Cooperation
Project Lending Type
NSG
Project Modality
Project Facility Type
Project Status
Closed
Operation Number
ATN/ME-15458-UR

Financial Information

Project Number
UR-M1052
Project Status
Closed

IDB Financing

Financing type
TCN
Fund
Multilateral Investment Fund II (MIF) -
Reporting currency
USD - United States Dollar
Reporting date
Jul/18/2023

Roles & Responsibilities

Contract signature date
Dec/16/2015

Project Information

Total Cost
USD 110,000
Country counterpart financing
USD 0
Amount
USD 110,000

Approved

Title
Type
Project Number
Date Published