The channel has seen expressive growth over recent months as users start to gain confidence, says study.
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The institution is supporting startups focusing on the technology and planning trials to develop new services
The second generation of the digital payments service includes simpler digital wallet authentication and improved mobile features.
There was a 9.5 percent decrease in resources going towards tech in relation to last year
The company is investing in biometric payment capabilities to eliminate the need to remember passwords and improve security.
The tech startup is banned from opening new accounts as the bank providing its infrastructure goes under.
The Central Bank's platform is surpassing other payment methods such as debit cards and is more popular among young males at the top of the socioeconomic pyramid, research suggests.
The machine will be available for use at a major tech conference next week
Increase in smartphone adoption and mobile transactions will create more opportunities for the most advanced market in Latin America and the Caribbean, according to research by Visa.
The model is hoped to be introduced in 2020; instant payments using QR codes are expected to simplify transactions for SMEs.