Fostering Innovation and Financial Inclusion in Honduras

By Bufete Mejia & Asociados

Ginih, a young Honduran fintech company, has carved a niche in the country's mobile payment landscape since its 2019 launch. Backed by the Central Bank, it offers a secure and user-friendly app for person-to-person transfers, bill payments, and QR code transactions, targeting unbanked and underbanked populations. This focus on financial inclusion has resulted in over 500,000 downloads and a growing transaction volume.

This is further bolstered by Ginih's recent EPSPE certification, signifying its compliance with regulations for secure and reliable electronic payment services. EPSPE stands for Electronic Payment Service Provider. It refers to a company or individual that is authorized to provide electronic payment services within a specific jurisdiction.

Ginih’s rise is a testament to the power of innovation in driving local economies. Its success story extends beyond its own growth. It showcases the potential of Honduran innovation and highlights the importance of a supportive regulatory environment for startups. Startups, along with robust intellectual property frameworks, foster a dynamic environment for financial solutions tailored to Honduran needs.