Visa payWave presented in Guatemala

Visa Inc. presented its new Visa payWave technology yesterday. payWave allows customers to use their cell phone as a credit card.

Friday, October 10, 2008

Guatemala will be the first country in Latin America to use this technology as a part of a pilot program with the Industrial Bank, Banco Uno Bank and Visanet.
Edgar Chavarria, manager of the Personal Banking Division of Industrial Bank, expects to have 600 business establishments affiliated to payWave by the end of the year and a market of potential clients of between 15 and 20 thousand cardholders.

More on this topic

Mobile Banking Growing in Central America

March 2012

To date, about 8 banks in Guatemala, 4 in El Salvador and 3 in Honduras, Nicaragua and Costa Rica offer the service; there is still much ground to cover in the region.

The director of Technology at the company Ebclosión, Derick Brol, indicates that in Central America in 2011 there were mobile phone banking services in about 8 banks in Guatemala, 4 in El Salvador and 3 in Honduras, Nicaragua and Costa Rica.

Mobile banking grows in Guatemala

December 2008

National banks have that offer mobile services to their clients have seen the number of users of the new service grow this year.

The Industrial and Agromercantil Banks have been trying to get more customers to use their cellular phone to pay bills and check their balances.

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