Mario Hernández takes the helm at IMPESA as CEO 

IMPESA founder and creator of Monibyte develops global expansion plan

Mario_HernandezSAN JOSÉ, COSTA RICA, Sept. 2016 — Impesa®, developers of Monibyte®, an innovative SaaS platform for corporate payment methods, and first in a suite of fintech applications, announces the appointment of Mario Hernández as Chairman of the Board and CEO of the company.

While working at the Corporate Headquarters of Scotiabank, in Toronto, Canada; Hernández attended Harvard Business School to further his education, and graduated from the Advanced Management Program. Later, he returned to Costa Rica to become CEO of bank, during which time he simultaneously developed Monibyte out of a growing need he saw for commercial markets.

As Impesa’s new CEO, Hernández is focused on strengthening operations in Costa Rica, Nicaragua, Panama and the Dominican Republic, and implementing a global expansion plan to capture new markets.

“Since I first conceived of Monibyte, I knew the platform would be unique, and that it had enormous potential for growth well beyond Costa Rica. After only two years in operation, we have licenses with both Visa® and MasterCard®. This is concrete evidence of our success, which will lead to growth on a global scale”, says Hernández.

Hernández will spearhead strategies to take optimum advantage of opportunities on a national and international scale. The goal is for IMPESA to be operating in a total of eight countries by the end of 2017.

Most recently Hernández was a featured speaker and panelist at the Mobile Payments Latin America Summit in Miami, a prominent conference that brought together over 150 banking leaders to hear top experts in the mobile payments and financial industry share their ideas and solutions for Latin America. Impesa was the spotlight exhibitor of the event, alongside sponsors Visa and MasterCard, and Hernández, with other key members of the global management team, presented demos of their Monibyte software solution throughout the 2-day conference.

“Contributing to thought leadership in the financial technology landscape, and visibility through educating the banking community by exhibiting at top industry trade shows are part of our global expansion strategy,” said Hernández.

Successful Platform. Today Monibyte is in use in Costa Rica, Nicaragua, Panama and the Dominican Republic. The platform allows corporate customers to customize how they handle their banking operations, maximizing the use of their human and financial resources through a secure, easy-to-use, web-based interface.

Successful case studies of the software include corporations that have saved hundreds of thousands of dollars annually by organizing their travel expenses. In Costa Rica alone, there are more than 600 companies that make more than 50 thousand transactions per month using Monibyte. Regionally, there are approximately 800 customers. For banks, Monibyte can help mitigate millions of dollars in credit and debit card fraud.

New Leadership. IMPESA’s new CEO has a 17-year track record in the financial sector with experience that includes roles as CEO of Banco LAFISE, Credit Card Director for Scotiabank HQ in Canada and Credit Card Director for Banco Interfin. Hernández has held leadership roles in companies in the United States, Canada, Mexico and beyond.

His outstanding achievements include the creation of the Monibyte platform, a tool which has allowed many Costa Rican companies to organize their payment systems with absolute security for their transactions. Monibyte was given International Banker’s Best Innovation in Retail and Commercial Banking Award resulting in an interview featuring Hernández at the London Stock Exchange. 

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