Sending Remittances By Mobile Phone

From the month of September recipients of remittances in Guatemala, Honduras and El Salvador will be able to receive them on their mobile phones.

Friday, August 24, 2012

By using a its cellular network platform, the Guatemalan company Tigo Money, a subsidiary of Tigo, will offer international services for money receipts.

Since early 2011, Tigo Money has been in the remittance business nationally in Guatemala.

"With international remittances Tigo Money users will be able to receive their shipment at any time, anywhere, directly onto their cell phone, from there they can check their balance in real time, make payments or purchases or withdraw cash at any of the service points.

'It works like a debit card, in which only the user knows the PIN", said Ximena Rodriguez, head of Tigo’s marketing department of in Guatemala, to Univision.com



More on this topic

El Salvador to Regulate Mobile Financial Services

October 2013

A bill is to be submitted to Congress which intends to regulate banking transactions via phones.

The initiative will be presented in the next few days by the Central Reserve Bank (BCR) and the Superintendency of the Financial System (SSF), said the president of the BCR, Martha Evelyn de Rivera.

Tigo Money Agencies Multiply

June 2012

Tigo announced yesterday that it will increase the number of Tigo Money agencies in Guatemala from 1400 to 2000, in order to reach populations without banking facilities in rural areas.

Tigo Money started as a remittance service that allows cost-effective money transfers to Tigo users in Guatemala, and it is now making preparations so that these agencies, which are installed in convenience stores, drugstores and gas stations in local communities, can also to pay microcredit.

Guatemala: Payments Using Cell Phones and Cards

April 2012

Visa Payments and Transfers is a system that allows transferring funds or making payments from cell phones using debit or credit cards.

Visa Inc. has developed a technology for making payments and debit card and credit transactions from phones that will be used in Guatemala for the first time in Latin America.

Tigo Guatemala Launches New Service

January 2011

Tigo Money can receive or send money transfers through its mobile phone platform.

Wiring cost is $ 0.04 for every $ 0.63 sent with a maximum of $ 126.

Juan Carlos Arriaga, director of TIGO Money, stated that they will begin with the service nationwide.

"To send money, the user finds an authorized Tigo agent, where he must fill out a form with personal information and the recipient's mobile number, give the money plus the wiring fee and wait for confirmation that the official transfer was performed. The beneficiary must go to a local TIGO agent and show the message in order to solicit money," reports the article in Elperiodico.com.gt.

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