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Mobile money service to serve unbanked in Mexico

Dawinderpal Sahota

Tuesday, April 24, 2012 - 09:18

Latin American operator group América Móvil is launching a mobile money service in Mexico, aimed to serve the nation’s underbanked population.

Latin American operator group América Móvil is launching a mobile money service in Mexico, aimed to serve the nation’s underbanked population. The service, called Transfer, will be launched by a joint venture between the operator and its banking partners: Citibank´s Mexican unit Banamex and local bank Banco Inbursa.

The firms said that their aim is to transform the mobile phone into a payment instrument for carrying out transfers, cash withdrawals and air time purchasing, in real time, 24 hours a day, through SMS messaging.  Users will also be able to manage their accounts through other self-service channels, such as interactive voice response and web sites.

Gemalto´s LinqUs mobile payment platform will underpin Transfer and the firm said it will also be responsible for the service development, support and operation of the service.

 

Read the full story by clicking the link below
http://www.telecoms.com/42967/mobile-money-service-to-serve-unbanked-in-mexico/
 
Tags: Mobile Money Transfer, Americas, Citibank, Mobile Money, Air Time Top Up, Mexico, America Movil, Banco Inbursa

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