Banks prepare the e-money platform

The Central Bank of Ecuador holds conversations with private banks about the electronic money operation platform in private hands. The manager of this institution, Veronica Artola, explained yesterday that the bank would develop its platform through Banred, a process that would take six months.

However, it is also envisaged its management by cooperatives. In any case, the Central’s commitment would be to close 357,000 accounts currently held by the Bank. Artola said that tariffs have not yet been discussed, which according to her vision, should be inexpensive. (I)