Thursday, December 22, 2011

Plan to transfer money by text message, great idea!!

The Central Bank of Costa Rica (BCCR) and the Instituto Costarricense de Electricidad (ICE) are designing a plan to facilitate money transfer using a simple text message. This tool is already used in other countries such as Kenya, the Philippines and the Dominican Republic, among others. Users would need to have both a cell phone and a bank account.

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