BBVA Chile launches money transfer app on FacebookFebruary 27, 2014 @ 12:44 pm
SANTIAGO, Chile (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 money 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.
(Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)
Return to Dominance
The Seahawks beat Arizona 35-6 to move into tie for NFC West lead
Week in Photos
Cheetahs, penguins and Santa make it in this week's photos
Please login below with your Facebook, Twitter, Google+ or Disqus account. Existing MyNorthwest account holders will need to create a new Disqus account or use one of the social logins provided below. Thank you.