Bank of Mexico Opens the Way for Money Transfers Via Mobile Devices EFE
go to original December 9, 2013

MEXICO CITY - The Bank of Mexico said Monday it was taking a series of measures to promote the use of mobile devices for making money transfers.

The goal is to give bank customers the ability to move funds "with greater ease and safety via cellular phones or other devices that have a linked mobile telephone line," the central bank said in a statement.

Customers will now be able to ask their banks to link their deposit accounts to a mobile device to receive transfers, the Bank of Mexico said.

... The processing fee for transfers to mobile devices using the Electronic Interbank Payment System, or SPEI, is being reduced to 10 centavos (.0077 cents) and will monitor the fees to ensure they remained low, the central bank said.

Read the rest at La Prensa

Photo by EFE

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