Tigo Guatemala Launches New Service

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

Tuesday, January 18, 2011

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.

More on this topic

Controls on Bank Transfers in Panama

May 2017

The Superintendency of Banks in Panama has modified the rules on the information that must be collected by financial institutions to transfer funds.

From AGREEMENT No. 004-2017 of April 25, 2017 which amends Article 5 of Agreement No. 2-2017 which updates the provisions on Transfers of Funds.

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.

Telefonica and Mastercard Offer Mobile Payments

January 2011

The companies formed a joint venture in order to provide financial solutions through mobile phones in Latin America.

Movistar mobile customers in Latin America may use the mobile phone to transfer money to other people, pay bills, purchase airtime and make purchases in shops and stores, among other services.

Number Portability in Panama

November 2009

Owners of mobile and fixed telephone lines will have to pay a monthly fee to be able to change their carrier while keeping the same number.

The original project stated that the fee was to be paid by the telecom companies, and that it could not be transferred to consumers.

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