Ecuador launched its electronic money system

Ecuador launched on Wednesday, December 24 the electronic money system that allows to make transactions through cell phones. The program will facilitate users to make payments through mobile phones, with a previous payment in dollars, this process will be accomplished in three...

Electronic money plan pilot will start with 600 customers

The Financial Regulatory Board approved on November 6 the costs of electronic money operations, while the pilot plan of the system is already underway. The plan will serve to measure the effectiveness of the technology platform developed by the Central Bank of Ecuador (BCE for...

ECB defends electronic money system

The implementation of the Electronic Money System published on March 20 in the Official Register, will be implemented for approximately the last quarter of this year. Diego Martinez, president of the Central Bank of Ecuador (BCE) defended the new system and said...