07/05/2010
Using cell phones to banking operations will increase the level of banking.
Superintendent of Banking and Insurance, Philip Tam Fox announced the upcoming release of the regulation for mobile banking, which will extend financial services to most Peruvians, especially those found in rural areas or more away from the country where there is increased presence of financial entities.
Speaking in Mexico, the international news channel on cable, CNN English, Philip Tam, who is participating in the IDB Forum "RemesAmericas - Remittances for the future," said that the new regulation will allow the use of cellular telephone lines to trade and banking.
The superintendent, said this increased range of financial services will help raise the level of banking. "Currently, the use of cellular borders, 80%, while the banking index is close to 26%, which shows great potential in the use of phones, which if properly used can help to increase the level of banking" he said.
also Philip Tam Fox said that despite the challenge of banking in our country is great because that about 40% to 50% of the economically active population does not use the financial system in recent years has been working on regulation in order to simplify financial products and services so that they can be more easy to use and access for users.
added that the new regulation would involve the creation of electronic money business, supervised by the SBS, as well as facilities for the provision of basic bank accounts, without charge or commission, which shall serve to benefit the end user. This, in turn, implies an effort of guidance to the users which is part promote greater consumer protection and market transparency. So much so that recently the SBS has eliminated 11 commission charges by banks to their customers as payment for the disbursement of a loan, the fee for the issuance and delivery of account statements, credit evaluation, among others.
Superintendent of Banking and Insurance said the initial goal to be achieved with the entry into force of this new regulation will reach 20% of the total unbanked. Also, this will be reinforced by the National Financial Education Plan that has been undertaken in recent years in close coordination with other organizations like the Ministry of Education.
Lima, May 2010
Communications Management and Institutional Image
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