BANRED

What BANRED does

BANRED S.A. is a privately held Ecuadorian financial infrastructure company founded in 1995 that operates the country's largest interbank network, connecting more than 7,300 ATMs and serving as the authorized national transactional switch. The company is headquartered in Guayaquil with a branch in Quito and operates under the regulatory oversight of the Banco Central del Ecuador, Superintendencia de Bancos, and Superintendencia de Economía Popular y Solidaria (SEPS), holding ISO 22301, ISO 27001:2022, and PCI DSS v4.0.1 certifications as well as a Visa Service Provider badge.

Its core platform is a teleprocessing-based transaction switch that processes electronic fund transfers, compensates collections and payments, and exchanges information between member financial institutions. The product portfolio consists of four lines: the Red de Cajeros Automáticos (ATM network, offered in Front End and Back End connection modalities), the Red de Cobros y Pagos (collections and payments network for public and private entities), Pago Directo (real-time interbank transfers and credit card payments), and Servicios Especializados (customized infrastructure services). Member institutions include Ecuador's largest private banks, cooperatives, and mutualists.

BANRED earns transaction-based fees on each routed operation, with publicly disclosed maximum tariffs of USD 0.51 per physical-channel transaction and USD 0.27 per electronic-channel transaction (plus VAT) for public fund collection, regulated by JUNTA DE POLÍTICA Y REGULACIÓN MONETARIA resolution JPRM-2025-006-M. The company sells exclusively through direct B2B institutional relationships, with no end-consumer branding or app distribution; its public-facing footprint is limited to a corporate website, a call center (1800 BANRED), and security advisories.

Name

BANRED

Legal name

BANRED S.A.

Website

https://banred.fin.ec

Company type

Private

Founded year

1995

Operating status

Operating

Headcount range

101–250 employees

Short description

BANRED S.A. operates Ecuador's largest interbank ATM network and authorized transactional switch, connecting 7,300+ ATMs across banks, cooperatives, and mutualists to route electronic fund transfers, collections, and payments.

Ownership category

akta.pro rank

Product category

Payment Network Infrastructure

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)

akta.pro primary industry

ATM Switching, Routing & Network Services (FSAMAOAD)

akta.pro secondary industry

Remittance & Cross-Border Payment Rails (SWIFT, Local Clearing, RTP Connectivity) (FSAGAKAH)

Keywords

• Interbank ATM network
• Payment processing infrastructure
• Electronic fund transfer
• Transaction switching
• Collection services network

Headquarters

HQ city

Quito

HQ country

Ecuador

HQ region

Latin America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Technology or R&D, Operations, Personnel, Infrastructure

Revenue model

1. ATM Network Services: Interbank ATM network connectivity and transaction processing services provided to financial institutions. Institutions connect their ATMs to the shared network enabling cardholders from any member bank to withdraw cash.
2. Collection and Payment Services: Collection of public funds and payment processing services for public and private entities through physical and electronic channels.
3. Direct Payment (Pago Directo): Real-time interbank fund transfer and credit card payment services allowing customers of member banks and cooperatives to make transfers and payments electronically.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

BANRED operates Ecuador's largest interbank transaction switch, connecting over 7,300 ATMs and providing real-time interbank fund transfer, payment processing, and collection services to financial institutions and public/private entities. The network offers two connection modalities (Front End where BANRED directly manages ATMs and Back End through client infrastructure), supported by proprietary teleprocessing and certified security standards.

Product overview

BANRED operates as an interbank payment network providing integrated specialized services in financial transaction processing, collection and payment compensation, and information exchange, supported by a modern specialized teleprocessing network. The portfolio consists of four core offerings: the Red de Cajeros Automáticos (ATM Network) connecting over 7,300 ATMs nationwide in two modalities (Front End direct connection and Back End through client infrastructure); the Red de Cobros y Pagos (Collections and Payments Network) for public and private entity fund collection; the Pago Directo real-time interbank transfer and credit card payment service; and Servicios Especializados (Specialized Services) providing customized solutions based on technical and operational processes. Together, these form an integrated interbank transaction infrastructure serving Ecuador's financial system.

Differentiator

Problem solved

Functional benefit

Products and services

• Red de Cajeros Automáticos (Interbank ATM Network) Interbank network connecting over 7,300 ATMs nationwide, enabling electronic fund transfers and cash withdrawals across multiple financial institutions through two connection modalities: Front End (BANRED manages ATM monitoring, administration, routing, and configuration) and Back End (institutions maintain their own ATM infrastructure while connecting through BANRED).
• Red de Cobros y Pagos (Collection and Payment Network) Collection and payment network service for public and private entities requiring fund collection management. Provides technological infrastructure and connectivity with various financial institutions and their physical channels (branches, ATMs, POS terminals) or electronic channels (mobile applications, online payment platforms). Regulated maximum tariffs apply: USD 0.51 per transaction for physical channels and USD 0.27 for electronic channels (plus VAT).
• Pago Directo (Real-time Interbank Fund Transfer) Real-time interbank fund transfer and credit card payment service allowing customers of member banks, mutualists, and credit cooperatives to perform electronic transfers and pay credit card bills of participating institutions easily, quickly, and securely through electronic means.
• Servicios Especializados (Specialized Services) Customized services adjusted to client needs and requirements within the business line, offering efficient solutions and responses based on technical and operational processes supported by BANRED's infrastructure.

Named customers13 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Seven partnerships are on record, tiered core.

• Banco Central del EcuadorcoreStrategic or Co-development Partner · 28 February 2025Regulatory authorization as participant of Sistema Auxiliar de Pagos to provide public fund collection services and electronic money transfer compensation services.
• Banco Central del EcuadorcoreStrategic or Co-development Partner · 28 February 2025Regulatory authorization as participant of Sistema Auxiliar de Pagos for compensation services using electronic money transfers as payment means.
• Banco Central del EcuadorcoreStrategic or Co-development Partner · 28 February 2025Regulatory authorization as transaction switch for payment services.
• Superintendencia de Economía Popular y Solidaria (SEPS)coreStrategic or Co-development PartnerRegulatory oversight and qualification as auxiliary services company for cooperative financial sector.
• Superintendencia de BancoscoreStrategic or Co-development PartnerRegulatory oversight and qualification as auxiliary services company for traditional banking sector.
• VisacoreTechnology or IntegrationService provider badge holder and partner for payment processing services.
• Member Financial InstitutionscoreOthersBanks, mutualists, and cooperatives connected to the interbank network including Banco Pichincha, Banco Guayaquil, Produbanco, and dozens of cooperative institutions.

Scale indicators2 records

Recent moves6 records

Expansion highlights2 records

Direct peers

• Coonecta: Ecuadorian interbank transaction network that operates in a similar space to BANRED for ATM switching and interbank payment processing. Both networks serve Ecuadorian financial institutions for card and payment interoperability, making them direct domestic competitors in the local interbank switching market.
• Servipagos: Ecuadorian payment and collection network providing bill payment and transaction services to financial institutions and merchants. Competes with BANRED's Red de Cobros y Pagos in the domestic collection and payment processing market within Ecuador.
• Credibanco: Colombian payment network operating card processing, ATM switching, and electronic payment services. Directly comparable to BANRED's combined ATM and payment network business serving member financial institutions in a Latin American market.
• Banelco: Argentine interbank ATM network (now merged with Red Link as BANELCO+LINK) that operates ATM switching and payment services for member banks. Directly comparable to BANRED's core ATM network business model serving Latin American financial institutions.
• Red Link: Argentina's principal interbank ATM and online banking network connecting virtually all Argentine banks. Operates a similar transaction switching model to BANRED with member financial institutions sharing infrastructure for ATM access and interbank payments.
• Redeban: Colombia's largest interbank network operating ATMs, payment processing, and electronic commerce services. Comparable business model to BANRED in serving as national payment rails for member financial institutions in a Latin American market, with similar transaction switching infrastructure.
• Suiche 7B: Brazilian payment network providing interbank switching, ATM connectivity, and electronic payment services. Comparable interbank transaction switching role serving Brazilian financial institutions, operating a similar switch-based business model to BANRED.

Emerging players

• Deuna: Ecuadorian fintech offering digital payments and instant transfers to consumers and businesses. Represents an emerging competitive threat to BANRED's payment network as a domestic fintech building alternative digital rails to traditional interbank switching infrastructure.

Broad incumbents

• Visa: Global card network and payment processor with Visa Direct offering real-time push payments. Operates broadly across all payment categories globally, with BANRED already a registered Service Provider Badge holder indicating existing partnership alongside competitive overlap in real-time payments.
• Mastercard: Global card network and payment technology company with Mastercard Send for real-time payments. Competes in cross-border and increasingly domestic real-time payment rails, representing potential disintermediation risk for BANRED's Pago Directo service in Ecuador.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/banred
• Facebookfacebook.com/BANREDec
• LinkedInlinkedin.com/company/banred-s.a.

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about BANRED