Mexico's Telecomm to launch debit cards for unbanked people

Wednesday 3 September 2014 | 22:17 CET | News
Mexico's state-run telecommunications operator Telecomm plans to launch two types of debit card in association with financial institutions, El Financiero reports, citing company commercial director Jorge Perez Cantu. The debit cards will be offered in rural and isolated communities that lack traditional banking services. The debit cards will be initially distributed in Michoacan state and the will be gradually distributed across the country.The telco operates 1,600 branches, and has presence in 614 towns and villages without banks.

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Categories: General
Companies: Telecomm Telegrafos
Countries: Mexico
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