The Venezuelan Crisis with a technology silver lining

by Marco Tapia

in management-it-consulting,

February 14, 2019


This is what unchecked Socialism can do to a rich country!.

Terrible to see so many Venezuelans leaving their country.



It used to be a great country.



Hyperinflation Hits 80,000% Per Year in 2018











A silver lining in the Venezuelan crisis. Hyperinflation meets tech.

Cash-scarce Venezuela sees boom in payment apps

Venezuela’s hyperinflation, one of the first of the digital era, is producing surprise winners in a tough business climate: small technology companies based in the crisis-stricken country.

“We don’t handle cash because our clients don’t have it,” he added. “With the applications I use, I’ve got their money before they’ve even left the parking lot.”

“I accept transfers. I have Tpago, Vippo and almost all the applications out there!” said one merchant, as he clutched a worn-out tablet and a basic mobile phone.

About PicNet: Founded in 2002, PicNet has been a leading provider of IT services and solutions to Australian businesses and Government. PicNet (People, Information and Collaboration Network) helps organisations use technology to increase productivity -


About Marco Tapia: PicNet Managing Director MBA (UNSW), BSc, Dip (Business Analysis), MAICD - Founder of PicNet and responsible for its overall strategic direction, its consulting services and its business development –