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The bank announced that it would put Transbank up for sale

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The bank compromised the continuity of its payment system during the process of selling the company and transferring control.

At a meeting with the Ministry of Finance, the Association of Bankers and Financial Institutions (ABIF) reported: transformer bank will be exhibited.

In detail, the bank, which is a shareholder of the payment processing company, will initiate the sale of its shares within the framework of the so-called validity. “Four-Part Model in Payment Systems” .

According to information provided by the Ministry of Finance, the ABIF – in view of the recent institutional ratification of the four-part scheme by the Financial Markets Commission and the central bank – will wait until the final exchange rate is published. , the sell begins the stock holding.

In the transfer of control of this company, Banks ensure the continuity of payment systems.

Transbank was born as the “Sociedad Interbancaria Administradora de Tarjetas de Crédito” created by a banking group more than 30 years ago.

The company has established itself in the local market as a pioneer in providing technology solutions for the local market. cashless payment .

The company’s shareholders are a group of national and international banks operating in Chile. Three of them (Banco Santander, BancoEstado and Scotiabank) currently have blind representatives in control of their stocks.

Source: Biobiochile

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