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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
Technical Cooperation Agreement
ATN/ME-15458-UR;EQU/MS-15457-UR;UR-M1052
December 16, 2015
Technical Cooperation Agreement
ATN/ME-15458-UR;EQU/MS-15457-UR;UR-M1052
December 16, 2015

