Bank of Mexico opens the way for money transfers via mobile devices

Tuesday, December 10, 2013

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. Banks are required to establish the link and execute transfers by using the number of the recipient’s device, the amount to transfer and the information on the financial institution that houses the individual’s account.

Source: Global Post (link opens in a new window)

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mobile finance, mobile money