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Global companies see 33% monthly growth in transaction volume from Latin American mobile platform, reports EBANX

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Nequi has 21 million users and has become the leading mobile payment platform in Colombia

CURITIBA, Brazil, Feb. 27, 2025 /PRNewswire/ — Colombia’s digital payments industry is booming, with the country’s leading mobile transactions platform Nequi at the forefront. EBANX, a global technology company specializing in payment services for rising markets, has reported a significant increase in Nequi’s cross-border transaction volume. Merchants of EBANX offering the payment method in Colombia have seen an average month-over-month growth of 33% in Nequi’s transaction volume since September of last year.

This increase highlights Nequi’s growing popularity in Colombia’s digital market, which is the third-largest in the Latin America region, behind only Brazil and Mexico. “Merchants looking to grow sales in Latin America must stay attuned to the technological evolution of payment methods in each country,” said Eduardo de Abreu, Vice President of Product at EBANX. Since 2020, when EBANX announced the integration with Nequi, the Colombian platform’s user base has jumped from 4.8 million to 21 million, half the adult population of the country.

EBANX is closely monitoring the changes this innovation has brought to the lives of Colombians, particularly for unbanked customers and businesses. “Imagine a small business owner in Bogotá, who has always relied on cash transactions to run his store, making it difficult to manage finances and track sales. With Nequi, he can accept digital payments, send funds to suppliers instantly, and purchase office supplies and digital tools online, even from abroad,” exemplified de Abreu.

Businesses and entrepreneurs now account for 15% of Nequi’s user base, according to the platform’s data. The VP at EBANX highlights that the growing presence of Nequi users reflects the significant transformation of digital commerce in Colombia in recent years. According to Payments and Commerce Market Intelligence (PCMI) data analyzed by EBANX, Colombia’s e-commerce has expanded ninefold since Nequi’s launch eight years ago and is expected to grow by 18% annually through 2027.

“The digital revolution has transformed the way money flows globally, making international transactions more accessible, faster, and safer,” said Andrés Vásquez, CEO of Nequi. “This transformation has fueled the growth of cross-border transactions – those where the payer and recipient are in different countries. At the same time, the global market is expanding, that is why at Nequi, we are committed to adapt to these new global dynamics by facilitating the efficient and cost-effective reception of international payments, leveraging our existing expertise,” Vásquez added.

In the new edition of Beyond Borders, EBANX’s annual comprehensive study on the digital market and payments in emerging economies, Nequi is highlighted as part of a growing wave of innovative solutions expanding access to credit in rising markets. According to Statista’s data in Beyond Borders, 48% of mobile payment users in Colombia do not own a credit card. Meanwhile, account-based transfers, like Nequi, are projected to grow at an annual rate of 24% in the country through 2027, per PCMI.

Nequi in the real-world payments

Created by the financial institution Bancolombia, Nequi provides users with access to payments, transfers, bank accounts, and credit products. According to the platform’s internal data, three out of five adults in Colombia use Nequi to manage their finances from their smartphones. The elevated rates of mobile usage for day-to-day life are reflected in the online world: The country has the highest share of digital commerce purchases made through mobile devices across all of Latin America, at 87%, according to PCMI.

Eduardo de Abreu added that the system has expanded to enable real-world payments. “Although Nequi was initially designed to serve the digital commerce needs of users, the service has expanded its capabilities to support brick-and-mortar stores by introducing features like QR code payments for in-person transactions and the Nequi card for offline purchases,” he explained. The VP of Product also attributes Nequi’s success to the platform’s instantaneous refund process: “This streamlined approach ensures a hassle-free experience for merchants and helps build customer satisfaction and trust.”

ABOUT EBANX
EBANX is the leading payments platform connecting global businesses to the world’s fastest-growing digital markets. Founded in 2012 in Brazil, EBANX was built with a mission to expand access to international digital commerce. Leveraging proprietary technology, deep market expertise, and robust infrastructure, EBANX enables global companies to offer hundreds of local payment methods across Latin America, Africa, and Asia. More than just payments, EBANX drives growth, enhances sales, and delivers seamless purchase experiences for businesses and consumers alike.

For further information, please visit:
Website: https://www.ebanx.com/en/
LinkedIn: https://www.linkedin.com/company/ebanx

ABOUT NEQUI
Nequi is a 100% digital neobank based in Colombia, operating as a business unit of Bancolombia. With more than 21 million users, we offer a mobile banking platform designed to provide digital payment services, enabling users to manage their finances directly from their mobile devices. Our purpose is improving people’s relationship with their money, empowering them to achieve their financial goals. As a platform we allow users to perform various financial activities, including paying bills, shopping online, saving for the future, and securing loans. Through the app, people have the possibility to send, pay, organize, and save their money, in an easy, fast, and safe way.  We emphasize agility and user experience, striving to provide secure and efficient financial solutions for our customers.

For further information, please visit:
Website: https://www.nequi.com.co/
LinkedIn: https://www.linkedin.com/company/nequi/

Media Contact:
Leonardo Stamillo
leo@contentco.tech
Content CO

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SOURCE EBANX

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Laifen Expands U.S. Retail Footprint with Costco Launch of Best-Selling SE Hair Dryer

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Starting July 18, Costco Members Can Shop Laifen’s Award-Winning Hair Dryer in Select Warehouse Locations Across the U.S.

NEW YORK, July 18, 2026 /PRNewswire/ — Laifen, ranked the world’s No.1 high-speed hair dryer brand, today announced the launch of its best-selling SE High-Speed Hair Dryer at select Costco warehouse locations, marking the brand’s largest U.S. retail expansion to date and bringing its award-winning haircare technology to Costco members across select U.S. markets.

The launch brings Laifen’s award-winning haircare technology to Costco, making it easier for consumers to experience the brand through one of the nation’s leading membership retailers. Laifen joins Costco’s growing portfolio of premium beauty and personal care brands. The initial rollout includes select Costco warehouse locations across the United States, with a strong presence across the Western U.S., including California, the Pacific Northwest and the Southwest.

Costco’s reputation for quality and its highly selective merchandising approach make this partnership especially meaningful. The Costco launch reflects Laifen’s continued expansion beyond direct-to-consumer channels as the brand accelerates its U.S. omnichannel retail strategy. “Costco represents an important milestone in our U.S. retail strategy,” said Romeo, General Manager of International Business of Laifen. “As more consumers seek salon-quality performance at an accessible price, we’re excited to make Laifen available through one of America’s most trusted retailers.”

Engineered to deliver professional-level performance in a sleek, lightweight design, the Laifen SE is powered by the brand’s proprietary high-speed brushless motor, delivering fast drying, reduced heat damage and smoother styling. An intelligent temperature control system continuously monitors airflow to help minimize frizz while protecting hair from excessive heat.

The Costco launch represents the next phase of Laifen’s U.S. retail expansion as the brand continues to grow beyond its direct-to-consumer and online channels. By expanding into one of the nation’s most trusted retailers, Laifen aims to broaden access to its category-disrupting haircare solutions while advancing its mission to bring more thoughtful design and everyday excellence into more homes.

The Laifen SE High-Speed Hair Dryer in White will be available at select Costco locations, while Costco.com shoppers will have access to additional color options including Purple and Pink, alongside the White model.

For more information on Laifen, please visit LaifenTech.com.

About Laifen: 

Founded in 2019, Laifen is a global personal care technology brand combining high-performance engineering with modern design across hair care, oral care, and grooming categories. Ranked the world’s No. 1 high-speed hair dryer brand by Euromonitor International, Laifen first gained recognition for its self-developed 110,000 RPM high-speed brushless motor, the proprietary technology behind its award-winning hair dryers.

Building on this innovation, Laifen has expanded its portfolio to include electric toothbrushes and shavers, delivering premium technology and elevated everyday experiences to consumers worldwide. Today, Laifen products and accessories are used by over 22 million households across more than 60 countries, supported by more than 600 patents and recognized with over 50 international design and innovation awards. Driven by continuous technological breakthroughs, Laifen is committed to making cutting-edge personal care technology more accessible to consumers around the world.

View original content to download multimedia:https://www.prnewswire.com/news-releases/laifen-expands-us-retail-footprint-with-costco-launch-of-best-selling-se-hair-dryer-302828573.html

SOURCE Laifen

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Pillsbury Notice of Data Breach

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NEW YORK, July 18, 2026 /PRNewswire/ — Pillsbury Winthrop Shaw Pittman LLP (“Pillsbury”) was among many law firms targeted by sophisticated social engineering attempts in an incident last year. While the firm quickly detected and blocked the activity, an unauthorized actor was able to access some of the firm’s documents during a short window of time. Pillsbury notified any impacted clients last year and undertook a detailed process to review the accessed documents for personal information. Pillsbury then began notifying individuals whose personal information was affected. That process is now complete, and today, Pillsbury is publishing substitute notice as a final step.

For more information, please visit the substitute notice on our website at https://www.pillsburylaw.com/en/breach-notice.html

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SOURCE Pillsbury Winthrop Shaw Pittman LLP

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From Remote Racing to Embodied AI: Fibocom and Intedigo Bring 5G Bidirectional Data Transmission into Real-World Applications

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SHANGHAI, July 18, 2026 /PRNewswire/ — From July 17 to 20, Fibocom and Intedigo will jointly present a cross-regional, beyond-visual-line-of-sight (BVLOS) teleoperation demonstration at Booth H3-C408 during the World Artificial Intelligence Conference (WAIC) 2026. Visitors will be able to enter a remote driving cockpit and control a real race car located at HURA PARK in Jiading, Shanghai, steering, accelerating, and braking in real time while experiencing how 5G connectivity enables remote operation.

More than an immersive driving experience, the demonstration provides a live validation of 5G bidirectional data transmission for embodied AI teleoperation. The vehicle continuously sends live track video, vehicle status, and operating data to the remote cockpit, while control commands are transmitted back to the vehicle, creating a closed-loop teleoperation system. Stable, low-latency, and highly reliable connectivity is essential for high-dynamic maneuvers such as high-speed cornering, precision braking, and continuous lane changes.

Developed by Intedigo, the remote driving system connects a real race car with an immersive remote driving cockpit. It supports 1080p@60Hz video transmission, glass-to-glass (G2G) video latency of less than 80 ms, and control latency of less than 10 ms. The demanding racing environment magnifies differences in video continuity and control responsiveness, making communications performance directly perceptible, measurable, and verifiable.

At the joint demonstration, Fibocom’s FM160 5G module provides cellular connectivity for the system. Powered by the Qualcomm Snapdragon™ X62 5G Modem-RF System, the FM160 supports SA and NSA network architectures as well as 3GPP Release 16. On the downlink, it supports NR Carrier Aggregation (NR CA) with bandwidth of up to 120 MHz, delivering peak speeds of up to 3.5 Gbps in NSA mode and 2.5 Gbps in SA mode. On the uplink, it supports UL MIMO and delivers peak speeds of up to 900 Mbps in SA mode. These capabilities support the continuous transmission of HD video and vehicle status data, along with reliable delivery of control commands.

As embodied AI moves into factories, data centers, logistics operations, and industrial parks, robots are becoming increasingly capable of performing tasks autonomously. Yet complex environments, unexpected events, and edge cases still require Human-in-the-Loop (HITL) remote intervention to help ensure safe and reliable operation.

Daniel Liu, CEO of Intedigo, said:

“5G represents the pinnacle of human communications and the starting point of machine communications. In the past, communications connected people to people; in the future, they will connect people to robots and robots to robots. Remote racing is simply the easiest entry point for people to understand this concept. What we are truly validating is a communications system capable of supporting remote collaboration for embodied AI. HURA makes low-latency remote driving a tangible experience, while RoBOX extends this capability to robots and a broader range of intelligent terminals. Together with Fibocom, we hope to enable more machines to receive remote assistance whenever needed while remaining continuously connected and operating reliably.”

Simon Tao, VP of Wireless Solutions Business Group and General Manager of MBB BU at Fibocom, said:

“As embodied AI enters real-world industrial environments, reliable connectivity will become the foundation for telemetry feedback, remote control and operational management. Fibocom’s 5G solutions, represented by FM160, provide the cellular connectivity required for continuous on-site data transmission and reliable control command delivery. Fibocom will continue collaborating with ecosystem partners such as Intedigo to bring cellular connectivity to more robots, autonomous machines and mobile intelligent terminals, enabling embodied AI systems to stay continuously connected and respond reliably in real-world applications.”

From remote race cars to robots, unmanned equipment, and mobile intelligent terminals, 5G is evolving from connecting people to connecting machines. This joint demonstration makes the capabilities of 5G bidirectional data transmission directly perceptible, experiential, and verifiable, helping pave the way for embodied AI to scale across real-world applications.
 

About Fibocom

Fibocom, founded in 1999, is China’s first wireless communication module company listed on both the A-share and H-share markets (300638.SZ, 0638.HK). As a global leading provider of wireless communication modules and AI solutions, Fibocom leverages wireless communication and artificial intelligence as its core technologies to provide integrated hardware and software solutions that empower industry applications. These solutions accelerate the transformation from “Connect Everything” to “Intelligent Connectivity” across diverse industries.

Fibocom’s one-stop solutions encompass cellular communication, AI, automotive, and GNSS modules, as well as AI toolchains, supporting industry-side and mainstream large model integration, and providing AI Agent, global connectivity, and cloud services, driving the digital intelligence upgrades in industries such as robotics, consumer electronics, low-altitude economy, intelligent transportation, smart retail, and smart energy.

View original content to download multimedia:https://www.prnewswire.com/news-releases/from-remote-racing-to-embodied-ai-fibocom-and-intedigo-bring-5g-bidirectional-data-transmission-into-real-world-applications-302828996.html

SOURCE Fibocom Wireless Inc.

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