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UR-Q0004 : 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-Q0004
Project Country
Uruguay
Project Sector
FINANCIAL MARKETS
Project Subsector
FINANCIAL INCLUSION
Project Type
Equity
Project Lending Type
NSG
Project Modality
Project Facility Type
Project Status
Closed
Operation Number
EQU/MS-15457-UR

Financial Information

Project Number
UR-Q0004
Project Status
Closed

IDB Financing

Financing type
EQU
Fund
MIF-Small Enterprise Investment Fund
Reporting currency
USD - United States Dollar
Reporting date
Jan/26/2023

Roles & Responsibilities

Contract signature date
Apr/20/2017

Project Information

Total Cost
USD 500,000
Country counterpart financing
USD 0
Amount
USD 500,000

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