Banking Banco Industrial - BI Capital Corporation Banks Banco G&T Continental celular phone Banco Agromercantil (Guatemala) Banking Authority (Guatemala) Information & Communication Technologies mobile phone Banco Industrial Banco Reformador Banco de Desarrollo Rural S.A. (Guatemala) Business and Investment Financial Services Herbert Hernández

Mobile banking grows in Guatemala

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

Thursday, December 18, 2008

©image: Jeff Belmonte

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

The Industrial Bank, which started BI mobile operations in October 2007, already has 60,000 users for the service and projects that by the end of 2009 this figure should reach 150 thousand.

Source: prensalibre.com

Key entities

Banco Industrial - BI Capital Corporation Banco Agromercantil (Guatemala)

Countries

Guatemala

Insight

mobile phone Banks Banking celular phone Information & Communication Technologies Banking

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Three of the operations to be regulated are balance enquiries, payment of bills and transfers.

The Guatemalan Banking Regulator (SIB) hopes to have the new standards ready this year to present them to the country's monetary policy committee for approval.

SIB president, Édgar Barquín, told Prensa Libre that, "the standards seek to establish security measures that banks should implement in order to prevent electronic fraud".

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