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Integration of Central American Banking Systems
Source: elperiodico.com.gt
Tuesday, January 25, 2011
By the end of February the Regional Interconnection Payments System (SIP) will be operational.
The new system will allow banking institutions in Central America and the Dominican Republic to receive electronic transactions at a lower cost than through private banks.
"According to the structure submitted by Sergio Recinos, financial manager at Banguat, to representatives of the Banking Association of Guatemala, the cost per transaction using SIP will be $5 and will be open to all banks operating in the region and with an account at their central bank," reported Elperiodico.com.gt