Electronic cash system can be used for payments in taxis

The Central Bank of Ecuador (BCE for its Spanish acronym) signed a cooperation agreement on February 3, for the implementation of the electronic system in more than 60,000 units of taxis throughout the country.

Its use is not mandatory. Each taxi unit will have a identification of using this system, but can also work with cash.

According to Fausto Valencia, head of Electronic Money of the BCE when the transaction phase starts paying users a quick and safely be provided by not handle cash. The user performs the transaction using cell where he credited the value of the race and for verification message will be received. In a career average of $ 3.00 an additional value of $ 0.02 will be paid.

The Bce recorded that there are 7,456 subscribers electronic money aperturaron your account for free and no cost for maintenance.