Mobile banking grows in Guatemala

National banks have that offer mobile services to their clients have seen the number of users of the new service grow this year.

Thursday, December 18, 2008

The Industrial and Agromercantil Banks have been trying to get more customers to use their cellular phone to pay bills and check their balances.

The Industrial Bank, which started BI mobile operations in October 2007, already has 60,000 users for the service and projects that by the end of 2009 this figure should reach 150 thousand.

More on this topic

Bank Counters in Retail Stores

May 2012

Simple transactions such as deposits, card payments and cash withdrawals will be able to be conducted in Panama in grocery stores, supermarkets or pharmacies.

Thanks to the 002-2012 agreement announced by the Superintendency of Banks of Panama (SBP), non-bank correspondents have been established, who will be able to perform some banking transactions such as making deposits, cash withdrawals or credit card payments at sites such as pharmacies, grocery stores, department stores, supermarkets and others.

BCR to Offer Mobile Banking Services

August 2010

A vehicle mounted with an ATM and with customer service facilities will enable clients to carry out any banking transaction.

The vehicle will use satellite technology to enable customers to carry out the transactions online.

"The cost of each unit is approximately $143k and will be used to deliver Banco de Costa Rica (BCR) services to customers attending large events as well as provide special services to the bank's client companies and institutions with particular needs, thereby widening its commercial offering," reports La Prensa Libre.

Guatemala: Standards for Cell Phone Banking Services

August 2010

Three of the operations to be regulated are balance enquiries, payment of bills and transfers.

The Guatemalan Banking Regulator (SIB) hopes to have the new standards ready this year to present them to the country's monetary policy committee for approval.

SIB president, Édgar Barquín, told Prensa Libre that, "the standards seek to establish security measures that banks should implement in order to prevent electronic fraud".

Costa Rica: New reversal for 3-G technology

April 2008

A new stumbling block has triggered anxiety in users who urgently need the new advanced technology. Authorities note the stage of projects for improving connectivity.

"They told us that the third generation of cellular telephones could be ready for 2008 and we're still waiting for it. The internet conection using 2-G cell phones is inadequate."

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