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El Salvador Central Bank Launches 24/7 Banking Platform
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El Salvador Central Bank Launches 24/7 Banking Platform
El Salvador’s Central Bank (Banco Central de Reserva – BCR) has launched a payment system, called Pay, that will enable informal workers to access financial services. Making it free, easily accessible, and available 24/7, the goal is “financial inclusion for the population that does not yet have access to a bank account and, furthermore, to make payment transactions in El Salvador more efficient and secure,” said the BCR in a written statement.…
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