Meet the fintech bnka, aimed at migrants from Latin America in Europe

In the current context, financial solutions have had to evolve to meet the growing needs of Latin American migrants. Meet the fintech bnka, a European company that has positioned itself as one of the leading platforms focused on facilitating the lives of migrants.

Its innovative approach allows users to pay essential services in their home countries directly from Europe, removing barriers and simplifying complex processes.

With the recent launch of its new update, bnka has taken a significant step towards financial inclusion for Latin American migrants. From now on, users can pay utility bills in Argentina, such as electricity, water, gas, internet, and more, from any country in Europe. This functionality not only covers over 2,000 Argentine companies but is also designed to expand to other Latin American countries in the near future.

This update is available for both Android and iOS devices, enabling users to manage their payments quickly and securely. Additionally, bnka has eliminated extra fees, meaning every euro can be maximized, helping migrants meet their financial obligations without additional worries.

“We know that one of the main concerns for migrants is keeping their household bills in Latin America up to date, and this often becomes a complicated task due to distance and access barriers. With this update, we are simplifying a process that could previously be cumbersome, allowing our users to focus on their daily lives without worrying about payment management in their home countries,” said Martín Moro, Head of Marketing at bnka.

Discover the simple and efficient process of bnka

Using this new functionality is very easy. Users just need to log into the bnka platform, convert euros or USDT to Argentine pesos, and from their wallet, select the “Service Payment” option. From there, they can search for the company they want to pay and scan the barcode on the bill or enter the customer number. The platform takes care of the rest, ensuring that the payment is processed with the best available exchange rate.

This solution is particularly useful for migrants who need to make regular payments for basic services or maintain properties in their home countries. Discover how bnka eliminates the need to coordinate with family members or rely on third parties to make these payments, reducing the risk of value loss due to currency fluctuations.

The future of bnka in Latin America

Since its launch in 2023, bnka has worked tirelessly to connect the economies of Europe and Latin America in an efficient and accessible way. The fintech continues to identify new opportunities to improve the lives of migrants, with plans to expand to more countries and add new features in 2024 to strengthen its market position.

“More than 40% of migrants still have payment responsibilities in their home countries during the first two years, and many continue to support their families with bill payments. Transforming the financial experience for millions of Latinos in Europe is essential for us, and we are committed to developing solutions that strengthen this mission,” added Moro.

With a clear commitment to financial inclusion, bnka is a platform that has become an indispensable ally for migrants looking to maintain a smooth financial connection with their home countries, all from the comfort of their mobile devices.