Mobile Banking Growing in Guatemala

More than 1.2 million deposit accounts and credit lines affiliated with mobile services have been registered, through which mainly transfers and payments for basic services are performed.

Tuesday, April 12, 2016

The December 2015 newsletter released by the Superintendency of Banks of Guatemala shows that the number of deposit accounts and credit lines continues to grow in the country, where 1,210,900 accounts affiliated mobile financial services have been recorded.

The metropolitan area in the department of Guatemala is where most of the accounts are concentrated followed by the North region in the departments of Alta Verapaz and Baja Verapaz.

See "Quarterly Bulletin Financial Inclusion-December 2015". (In Spanish)

¿Busca soluciones de inteligencia comercial para su empresa?

Do you need more information about your business sector?

Request more information:

this site is protected by reCAPTCHA and Google's privacy policy and terms of service.
Need assistance? Contact us
(506) 4001-6423

More on this topic

Growing Use of Electronic Banking

April 2018

In Costa Rica in the past seven years the number of financial transactions carried out using digital banking almost doubled, going from 64 million in 2010 to 151 million in 2017.

From a statement issued by the Costa Rican Banking Association:

April 2018. The use of different digital banking channels offered by financial entities to Costa Ricans (Internet banking, mobile banking, telephone banking) which allow them to carry out transactions without having to visit the bank's offices, has seen steady growth in recent years. The Statistical Report on the National Payment System 2017, by the Central Bank of Costa Rica (BCCR), confirms that the number of transactions went from 64.2 million in 2010 to 150.8 million in 2017.

Guatemala: Mobile Banking Growing

June 2015

Payment transfers and basic services are the types of transaction most made by the 708 thousand users of mobile financial services recorded in the country.

82.9% of users of financial services are concentrated in the department of Guatemala, equivalent to 587,366 affiliated mobile customers.

Costa Rica: Money Transfers Via SMS

May 2015

The new service SINPE Móvil allows phone line to be connected to a bank account in colones, in order to make transactions to another bank account using text messages.

Banco Central de Costa Rica's application, SINPE Móvil, also allows the use of mobile applications, online banking and mobile banking websites so that you can make any banking transaction and make transfers to any other registered mobile terminal.

Guatemala: Telefonica Offers Services to Banks

July 2011

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.

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.