Skip to content
Reviews / RappiPay Edition №07 · 11 March 2026 · 1,500 words

RappiPay,
reviewed.

Embedded fintech wallet inside the Rappi super-app. Davivienda partnership provides the underlying bank licence — RappiPay itself is a PSP.

Editor
Stephan Kulik
Founded
2020
EU customers
5.0 M
min read
6 / ~1,500
Disclosure RappiPay does not pay us a referral fee. This review is purely editorial. See the methodology → rappipay · no_commission
78/100
RappiPay is a PSP, not a bank — Davivienda is the chartered partner. FOGAFIN cover sits at the partner-bank level.
Rank #52 / 60LatAm super-app fintech (PSP)
CategoryLatAm super-app fintech (PSP)
LicencePayment
RappiPayEdition №07
Licence
Payment institution
Superintendencia Financiera de Colombia
Deposit protection
COP 50,000,000 (FOGAFIN, via Davivienda)
FOGAFIN (Davivienda holds the bank licence)
Customers (EU)
5.0 M
As of 2026-Q1 — // TODO(verify)
IBAN
CO (COP)
COP primary; pan-LatAm distribution via Rappi
01
Reviews

RappiPay, in full.

What RappiPay is, in 2026

Embedded fintech wallet inside the Rappi super-app, launched 2020. ~5M users. Davivienda partnership for the bank-product layer. Multi-country (CO + MX + BR + CL + PE + EC).

Safety and regulation

PSP under Superintendencia Financiera de Colombia; bank-product layer is Davivienda (FOGAFIN member, full-bank cover). RappiPay itself does not hold a bank licence.

Who RappiPay is for

Use RappiPay if: you're already a Rappi user and want an embedded wallet + debit card. Use Nequi instead if you want a chartered Bancolombia full-bank product.

02
Pricing

RappiPay's plans, side by side.

RappiPay Standard
Custom /mo
Free — Davivienda partner
  • Free — Davivienda partner
03
Scorecard

How we got to 78.

78/100
Same six dimensions we apply to every neobank in the index. Weights published; unchanged within an edition.
Regulation & safetyLicence class · DGS · resilience
25%64
Pricing & feesTransparent and competitive
20%88
Hands-on UXExtended primary-account test
20%85
FeaturesVaults · stocks · crypto · insurance
15%90
App stores iOS 4.3 · Android 4.2
10% 85
04 — Verdict

The strongest super-app distribution channel for retail banking in LatAm.
Pan-LatAm reach via Rappi. PSP-class — bank licence is Davivienda's.

RappiPay is the embedded fintech wallet inside the Rappi super-app. Davivienda partnership provides the underlying Colombian bank licence — RappiPay itself is a PSP under Superintendencia Financiera de Colombia. Pan-LatAm distribution via Rappi (CO + MX + BR + CL + PE + EC). Free RappiPay account, debit card, ~5% APY RappiPay Save, cashback at Rappi merchants. Funds at the bank-product layer are FOGAFIN-covered (via Davivienda); funds at the PSP layer are safeguarded but not directly bank-insured. Use RappiPay if you're already inside the Rappi user base + want an embedded wallet; use Nequi instead if you want a Bancolombia full-bank product.

Affiliate disclosure: Some links on this site are affiliate links. If you open an account through them, we may earn a commission at no extra cost to you. This does not influence our rankings or reviews.

Disclaimer: This site is for information purposes only. We are not a financial adviser. Always check the latest terms directly with each provider before opening an account.

© 2026 Neobanks Guide. All rights reserved.

Edition №07 · Updated 11 March 2026