America Movil CFO Sees 50 Million Potential Bank Users
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America Movil, Latin America’s largest wireless carrier, will offer financial services to about 50 million people in Mexico who have mobile phones and no bank accounts, Chief Financial Officer Carlos Garcia Moreno said.
That population is part of an “enormous” number of Latin Americans who could use their wireless phones to store and transfer money, Garcia Moreno said yesterday in a telephone interview. The company is already working on the project, he said, without providing details on when it would be available.