Rates for electronic money transactions must be approved

The Central Bank of Ecuador (BCE for its Spanish acronym),  developed a rate proposal for six types of transactions with electronic money. Three of them would be free, according to the approach that shall be approved by the Monetary Adjustment and Policy Board.

In a statement the BCE explains that the monthly allowance of transactions of this system to an individual would be up $ 2,000. For legal persons shall be set according to their needs.

For the opening of electronic money account, which is voluntary, the Central Bank proposes no applied costs and from the third week of December, the user can perform the opening by dialing * 153 #. Executing these steps airtime, data and SMS messages balanced will not be charged.