Citigroup and América Móvil in Mobile Banking Venture
Sunday, October 9, 2011 11:32Two biggest providers of financial and telecommunications services in Latin America–Citigroup and América Móvil have recently announced a joint venture of $50m to offer mobile banking services to millions of people across the area of Latin America, starting from Mexico.
The alliance between the two companies will allow people to use their mobilephones to do a lot of things, such as setting up bank accounts, transferring fund, withdrawing money from automatic teller machines, making purchases in stores, receiving payments as well as paying different bills.





