Regional Payments System UnderutilizedAs it approaches the end of its first year of operation, the system has only moved $65 million, almost exclusively between Guatemala and El Salvador.Wednesday, March 7, 2012
The Interregional System of Payments (SIP) began operations in March 2011, with a charge of $5 regardless of the amount transacted. Source: laprensagrafica.com ¿Busca soluciones de inteligencia comercial para su empresa?Electronic Transfers in El SalvadorApril 2012 A Service for Interbank Electronic Transfers (SITE), which allows transfers of money between bank accounts, is now in operation. More than 50 Banks Integrated in Regional Payment NetworkDecember 2011 In recent months, 51 financial institutions have joined the Interconnected Payments System (SIP in Spanish). Integration of Central American Banking SystemsJanuary 2011 By the end of February the Regional Interconnection Payments System (SIP) will be operational. MoneyGram Forges Central American Alliance with CitiJune 2010 MoneyGram International and Citi today announced an agreement to expand MoneyGram's money transfer services to all Citi locations in Costa Rica, El Salvador, Guatemala, Honduras and Nicaragua.
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