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Guatemala: Telefonica Offers Services to Banks

The Large Business Division of Telefonica yesterday presented remote banking services to domestic banks for performing financial transactions through mobile phones, using a “cloud” computing platform.

Friday, July 1, 2011

Rudy Hoffens , manager in Guatemala for the large business division of the firm, said the pilot program will be implemented in Central America and will then be extended to Latin America.

The service will be under a pay per use model, so that the financial institutions concerned will not have to make any additional investment in hardware or software, and may offer the service to all their customers, because it will be accessible from any mobile operator.

Hoffens said that this platform has the capability to perform frequent transactions such as balance inquiries, payments for services, transfers, taxes and authorization of release forms.

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Goods

electronic banking

Key entities

Telefónica Movistar Guatemala

Countries

Guatemala

Insight

business Internet Cloud computing mobile communications mobile computing mobile applications mobile banking Economics Banking Insurance, Banking & Finance