The Innovators 2015 - Transactions Services, is Global Finance's annual listing of key innovations in treasury and transaction services.
“Transferencias Moviles” | Mobile Transfers Access For The Unbanked
Category of Innovation: Product
“Transferencias Moviles” for mobile remittance allows customers to send money to anyone who owns a cellphone in Guatemala.
The receiver can cash out via any Banco Industrial ATM without the need for a credit or debit card—using their mobile phone. This enables money transfers from banked customers to any person (banked or unbanked).