Kiosk system for micropayments in banking, retail and government, providing a fast, easy, and inexpensive way for unbanked users to send and receive money
Atlanta startup Loto Punto plans to establish 200 self-service banking kiosk locations across Georgia within 10 months. The brief report, dated Sept. 28, provides no further details about the kiosks or rollout.
Victor Espinosa’s CREATE-X startup brings digital access to people excluded from online commerce. As an undergraduate in Bogotá, he had to give cash to someone with a credit card to order books and basic items online; he says only about two in 10 people in Colombia have a credit card.
Victor Espinosa says Loto Punto’s self-service terminal, initially designed as a lottery ticket vending machine, could become a widely used solution in markets with low internet penetration. He explains how the company was established and discusses the obstacles it faces in its native Colombian market.
