Electronic money via mobile

Electronic money system is ready and will be implemented from this year. The project will allow that every citizen, regardless of their level of income, to open a cash account. The operation will be fulfilled at the Central Bank.

After opening the account, the user must link it with his cell phone. Hence all the account information is stored and transactions occur.

The use of virtual money may also be using smart cards and other electronic devices. In addition, the new money be changed – in the same bank – money physical anytime without having a cost per conversion.

Financial institutions, popular and solidary economy agencies, public enterprises, suppliers and companies dedicated to the consumer will be macroagentes. From there, users will use electronic money.

For these procedures it is not necessary that the person concerned has a bank account. One of the objectives of this project is to link the population that has no access to banking.

With the time, explains the text, it will have the segment information and strategies can be designed to add them to the banking and have access to credit and other financial services.