By providing digital dollar accounts for Latin Americans, DolarApp makes it possible for customers in the LATAM region to send and receive transfers locally and in the U.S., dollarize their savings in a legal way and pay with an international Mastercard in any currency at the best rates – both when they travel and when they use DolarApp for everyday expenses.
DolarApp’s three co-founders saw a need for access to banking in dollars in LATAM. When developing the app, the team sought out an automated solution that would help quickly and easily verify customer identities during the onboarding process while meeting KYC compliance mandates. They also wanted a vendor with international compatibility and strong fraud prevention capabilities.
