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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

View original content to download multimedia:https://www.prnewswire.com/news-releases/global-companies-see-33-monthly-growth-in-transaction-volume-from-latin-american-mobile-platform-reports-ebanx-302387574.html

SOURCE EBANX

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In HelloNation, Custom Auto Expert Gecovey Coffman Breaks Down Brake Warning Signs

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AMARILLO, Texas, April 20, 2026 /PRNewswire/ — What do small changes in your vehicle’s braking behavior really mean? A HelloNation article featuring Gecovey Coffman of Coffman Customs helps drivers understand how early brake warning signs can prevent major repairs and improve safety on the road.

The article points out that many drivers ignore early signs like brake squealing or a slight change in pedal feel, assuming they’re harmless or temporary. But these signals often indicate worn brake pads or related issues that deserve prompt attention. When left unchecked, what begins as a small inconvenience can grow into a costly and potentially dangerous brake problem.

Brake squealing is among the most common early signals. According to the article, this high-pitched sound during light braking usually stems from worn brake pads or dust buildup. In Amarillo’s dry climate, dust is a regular factor in how brakes wear. The article explains that while occasional noise might be harmless, repeated or worsening squealing is one of the clearest brake warning signs to watch for.

Another issue the article explores is brake vibration. This can be felt through the pedal or steering wheel and is typically caused by uneven wear on the rotors. Brake vibration can worsen over time and reduce the driver’s ability to stop smoothly. The piece recommends brake inspection at the first sign of vibration to prevent further damage.

Pulling to one side when braking is another signal that may indicate uneven pressure or worn brake pads on a single wheel. The article explains how this imbalance can affect stability, especially in wet or dusty conditions, and is often overlooked until it impacts everyday driving.

The article also sheds light on the role of heat in brake wear. Stop-and-go traffic, frequent hard stops, and Amarillo’s shifting weather can all raise the temperature of brake components. This kind of repeated heat exposure increases the chances of brake squealing and accelerates the wear on pads and rotors alike.

The article emphasizes that a timely brake inspection can make a significant difference. It describes how inspections help identify wear patterns before they reach critical levels, limiting both cost and downtime. A standard brake inspection often includes checking for worn brake pads, measuring rotor thickness, and evaluating the condition of the brake fluid.

Speaking of brake fluid, the article notes that this is a frequently overlooked part of the system. Over time, brake fluid absorbs moisture, which can reduce its effectiveness and lead to a softer pedal feel. The piece stresses that brake fluid should be checked regularly, as degraded fluid contributes to inconsistent stopping power, particularly under heavy use.

Seasonal changes also play a role in brake behavior. The article explains that temperature fluctuations, especially during Amarillo’s cooler mornings and warmer afternoons, can cause brake materials to expand and contract. These shifts often make existing problems like brake squealing or brake vibration more noticeable.

Even with modern dashboard alerts in newer vehicles, the article encourages drivers not to rely solely on sensors. Physical feedback, like vibration, squealing, or pulling, often appears first. By recognizing and responding to these brake warning signs early, drivers can maintain safer and more reliable braking performance.

Ultimately, the HelloNation article promotes regular maintenance as the most effective way to prevent serious brake problems. A proactive approach, based on local driving conditions and vehicle feedback, protects both safety and the vehicle’s long-term reliability.

The article, When Your Brakes Are Telling You Something, features insights from Gecovey Coffman, Custom Auto Expert of Amarillo, TX, in HelloNation.

About HelloNation
HelloNation is a premier media platform that connects readers with trusted professionals and businesses across various industries. Through its innovative “edvertising” approach that blends educational content and storytelling, HelloNation delivers expert-driven articles that inform, inspire, and empower. Covering topics from home improvement and health to business strategy and lifestyle, HelloNation highlights leaders making a meaningful impact in their communities.

View original content to download multimedia:https://www.prnewswire.com/news-releases/in-hellonation-custom-auto-expert-gecovey-coffman-breaks-down-brake-warning-signs-302747736.html

SOURCE HelloNation

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Sinai.ai Closes $1.45M Pre-Seed Round to Reimagine the Future of Reading

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The AI-native books platform backed by KAUST Innovation Ventures, DisrupTech Ventures, and a coalition of leading investors is transforming the way people read, bringing books to life as living, interactive aiBook™ experiences

SUNNYVALE, Calif., April 20, 2026 /PRNewswire/ — Sinai.ai, an AI-native books platform, today announced the close of its $1.45M pre-seed funding round, led by KAUST Innovation Ventures (KIV) and DisrupTech Ventures, with participation from Maza Ventures and YOUXEL Ventures, alongside a coalition of angel investors. The capital will fund proprietary tech, AI infrastructure, user acquisition, and licensing.

The $150 billion global book market has seen little innovation in format for decades. Sinai was built to change that. At the heart of the platform is the aiBook™, a trademarked, patent-backed book format built on 100% licensed, full-text content. Readers can converse with their book in real time, generate study guides and quizzes, access titles across multiple languages, and switch between reading and listening. Sinai is launching with thousands of titles, having already secured partnerships with double-digit publishers, including several prominent names in the industry.

Investor Perspectives

“We strongly believe that AI will fundamentally reshape a wide range of industries, and the book industry is long overdue for meaningful innovation. For over two decades, the core format of books has remained largely unchanged. What the Sinai.ai team is building introduces a truly new paradigm — transforming books into interactive, intelligent experiences where readers can engage, learn, and explore in entirely new ways. We are particularly excited about the team and their ability to execute on a vision that sits at the intersection of content, technology, and user experience. We are always proud to back Egyptian founders who are building category-defining companies and pushing the boundaries of innovation beyond local markets.”
— Mohamed El Sayed Okasha, DisrupTech Ventures

“What drew me to Sinai.ai is that they’re approaching a huge, old industry with respect and clarity. Publishing has been around for centuries, and for good reason, but much of how it operates hasn’t evolved at the pace of technology. Instead of trying to break it, Sinai.ai is working alongside it, using AI to modernize how books are created, produced, and distributed. That’s a harder path. It requires understanding the incentives of everyone involved and building something that fits into a real ecosystem, not just replacing it. But it’s also the more enduring one. The companies that last are often the ones that reshape industries from within, and Sinai.ai feels like it’s doing exactly that.”
— Tambi Jalouqa, Maza Ventures

About the Team

Sinai.ai was co-founded by five individuals: Ahmed Kamel (CEO), a serial tech entrepreneur with post-graduate studies in AI and innovation at Stanford; Mohamed Elshamy (CRO), Yale MBA, with experience at Google, McKinsey, and Meta; Mohamed Elshenawy (CTO), PhD in AI from the University of Toronto, and led AI teams in different ventures; Hana Malhas (CFO), University of Michigan MBA, with deep experience in creative industries; and Abdullah Moatasem (CCO), creative director with credits at Warner Bros., Netflix, and Disney+.

Media Contact
Hana Malhas
6692369534
412491@email4pr.com
www.sinai.ai

View original content to download multimedia:https://www.prnewswire.com/news-releases/sinaiai-closes-1-45m-pre-seed-round-to-reimagine-the-future-of-reading-302747713.html

SOURCE Sinai.ai Inc.

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OpenTable Acquires Canadian Reservation Platform Libro, Expanding Presence in Quebec and Beyond

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SAN FRANCISCO, April 20, 2026 /PRNewswire/ — OpenTable, a global leader in restaurant technology, announced today that it has acquired Libro, a leading Canadian reservation and table management platform. With Libro currently serving thousands of restaurant partners in the region, the acquisition will strengthen OpenTable’s offering in Canada, specifically across Quebec.

By joining forces, OpenTable and Libro will combine industry-leading discovery, table management systems (TMS), and guest relationship tools to better serve the Canadian hospitality industry.

“Libro and OpenTable share a deep commitment to the success of local restaurants, making this a natural fit for both companies,” said Debby Soo, CEO of OpenTable. “By combining Libro’s localized expertise with our global diner network, we are deepening our commitment to the Canadian dining scene and providing Libro’s restaurant partners the option to soon join OpenTable’s diner network, driving broader visibility and more bookings.”

“This is an exciting next chapter for Libro and the restaurants we serve,” said Lorne Schwartz, CEO of Libro. “By joining forces with OpenTable, we’re able to expand our reach and bring even more value to our community, while continuing to deliver the localized support and innovation our partners rely on.”

To ensure seamless service for current partners, Libro will continue to operate as a standalone brand, while benefiting from expanded visibility on the OpenTable marketplace. A phased integration of inventory, infrastructure, and security capabilities is expected to be completed in the foreseeable future.

As part of the agreement, OpenTable will welcome Libro’s employees and leadership team. The combined expertise of both organizations will focus on delivering innovative solutions for restaurateurs and diners across North America.

About OpenTable

OpenTable, a global leader in restaurant tech and part of Booking Holdings, Inc. (NASDAQ:BKNG), helps more than 65,000 restaurants worldwide fill 1.9 billion seats a year. OpenTable’s world-class technology empowers restaurants to focus on what matters most – their team, their guests, and their bottom line – while enabling diners to discover and book the perfect restaurant for every occasion.

About Libro
Libro is one of North America’s leading online guest experience platforms, providing restaurants with a fully branded way to fill tables, manage reservations, reduce no-shows, engage customers, and elevate the overall guest experience.

The platform enables operators to strengthen relationships with their guests and drive repeat visits—all within a seamless reservation experience.

Headquartered in Montreal, Libro serves restaurants across Canada, the United States, and Europe.

View original content:https://www.prnewswire.com/news-releases/opentable-acquires-canadian-reservation-platform-libro-expanding-presence-in-quebec-and-beyond-302747348.html

SOURCE OpenTable, Inc.

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