Guatemala: Fewer Checks, More Electronic Banking

Between 2015 and 2016 issuance of checks in the country fell by 5%, while the use of electronic banking continues to grow.

Tuesday, July 11, 2017

The former president of the Banking Association of Guatemala (ABG), Luis Lara Grojec, explained to S21.gt that "... electronic banking will continue to grow in the coming years, but more than services through computers, there will be an increase in the use of applications on mobile devices, such as cell phones and tablets.
 
Although the issue of checks has been reduced, it is estimated that the country lags about 7 to 10 years behind in terms of access and use of mobile banking and electronic transactions with respect to the US and some South American countries.
 

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