BBVA Chile launches money transfer app on Facebook

Feb 27, 2014

(AP)—The Chilean unit of Spanish bank BBVA is launching a service that lets people transfer money using Facebook.

The service begins March 3 and the bank says it's the first of its kind in Latin America.

It allows users to send and receive through Facebook on a secure platform without paying maintenance fees.

Bank officials say they are launching the service in Chile because Facebook is wildly popular in the country.

BBVA Chile Product Manager Andres Abarzua said Thursday that more than 90 percent of Chileans with access to Internet own a Facebook account. He says there are no plans to offer for cross border transactions this year.

The maximum monthly amount that can be credited and transferred is $300,000 Chilean pesos—about $535.

Explore further: WhatsApp to add voice to messaging service

not rated yet
add to favorites email to friend print save as pdf

Related Stories

PayPal lets Facebook friends send cash

Nov 17, 2011

Online financial transactions powerhouse PayPal released an application on Thursday that lets friends send one another cash at leading social network Facebook.

WhatsApp: A $19 billion bet for Facebook

Feb 20, 2014

Facebook is placing a $19 billion bet on reaching its next billion mobile users with the acquisition of WhatsApp, a popular messaging service that lets people send texts, photos and videos on their smartphones. ...

Recommended for you

Startups offer banking for smartphone users

Aug 30, 2014

The latest banks are small enough to fit in the palm of your hand. Startups, such as Moven and Simple, offer banking that's designed specifically for smartphones, enabling users to track their spending on the go. Some things ...

'SwaziLeaks' looks to shake up jet-setting monarchy

Aug 29, 2014

As WikiLeaks founder Julian Assange prepares to end a two-year forced stay at Ecuador's London embassy, he may take comfort in knowing he inspired resistance to secrecy in places as far away as Swaziland.

Ecuador heralds digital currency plans (Update)

Aug 29, 2014

Ecuador is planning to create what it calls the world's first digital currency issued by a central bank, which some analysts believe could be a first step toward abandoning the country's existing currency, ...

WEF unveils 'crowdsourcing' push on how to run the Web

Aug 28, 2014

The World Economic Forum unveiled a project on Thursday aimed at connecting governments, businesses, academia, technicians and civil society worldwide to brainstorm the best ways to govern the Internet.

User comments : 0