At a presentation event of Kuara, the digital payments platform developed by Global Bank, MMG Bank and Banesco, another local banking giant joined this initiative: Banistmo.

As those of you who already live here know, digital payments are not what they are in the U.S. and Canada. Everywhere you go, you'll see the option of paying by Yappy—but, this is only an option for those with a Banco General account.

Not being a fan of Banco General, I'm thrilled that my bank (Banesco) and others are banding together to have their own version of Yappy—called Kuara.