Positive third quarter figures led to 2017 and 2018 GDP forecast hikes by local economists.
Banco Nacional justified its actions saying that as the app operates illegally in the country, it is obliged by a presidential mandate and financial regulation to not allow deposits from the company.
The lender says the decision to go fully digital will help it diversify its loan portfolio, currently dominated by vehicle loans.
Divisions in Ecuador's ruling party has deepened with an upcoming referendum. Honduras' sitting president named winner of official vote count amid protests.
"It is vital that all corruption investigations that establish the responsibility of individuals are carried out to their conclusion," says banking regulator SBS.
Watchdog SBS prepares a fintech bill and publishes draft regulations governing local savings and loan entities as government and banking officials plan to talk mortgage loan rates.