More than 50 Banks Integrated in Regional Payment Network

The system allows users, whether they be natural or legal persons, to make electronic fund transfers between Central American countries, including the Dominican Republic, in US dollars, quickly, safely and inexpensively.

Any amount, however small, can be transferred, stated a the press release from the General Secretariat of Central American Integration System (SICA).

It is expected that Costa Rica will join the system in the short term.

The service has a cost of $5.00 per transaction, regardless of the amount and is available in Central America from 9:00 am to 3:00 pm and in the Dominican Republic from 11:00 am to 5:00 pm

"21 banks participate in Guatemala, 3 in El Salvador, 6 in Honduras, 6 in Nicaragua and 15 in the Dominican Republic", reported AFP.

Source: univision.com

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