Accessing your account from Facebook and financing being offered at the time you buy a product are some of the innovations that we could be seeing in the coming years in the banking industry.

This is one of the conclusions from research conducted by experts in technology and financial services applications, which include, among other things, the ability to soon be able to sign agreements using just a smartphone.

Advances in technology will allow universal access to banking services. In an article in Americaeconomia.com "Robert Icasuriaga, director of Microsoft Business Chile, highlights the platform for SMS banking service, an innovation that was born in Latin America.

According to the executive, it responds to the need for services in rural areas where access to technologies like the Internet is low and the number of inhabitants does not justify installing a branch or ATM. Without the need for smartphones, computers, or phone calls, customers can access service platforms operated purely by text message. "

Source: americaeconomia.com

More on this topic

Changes in Credit Card Market

August 2019

With the approval of the reforms to the Credit Card System Law, in El Salvador it will be banned to charge interest on surcharges generated by arrears.

The reforms also establish that banks must deliver free of charge settlements and cancellations of credit cards, physically or electronically, at the latest within 24 hours, while the documents of obligation or promissory notes that the debtor has signed must be returned within 5 business days maximum, informed the Legislative Assembly:

Panama: Microchips on Bankcards

November 2014

All banks in Panama must have integrated circuit technology by December 20, 2014, with an option existing to take an additional three months, until March 2015.

Debit and credit cards must have a microcircuit or chip system which provides more security and more storage of user information with the aim of "...

Your Company Still Does Not Sell Online?

May 2012

The change in the way that consumers relate to companies that provide services and products is deepening.

E-commerce in Latin America grew by 42.8% between 2010 and 2011, generating an expenditure of $43 billion, which is double the sales in 2009, according to a survey on Electronic Commerce in Latin America conducted by AméricaEconomía Intelligence, and commissioned by Visa.

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.