SINPE Mobile is directed to retail payments segment (low amounts), so that users of the Costa Rica National Financial System can make electronic money transfers to accounts linked to mobile phone numbers from any electronic channel banking (Banking SMS Banking Mobile web, Banking App, Online Banking or ATM Network). In other words…pay with your phone!

Its design offers customers an insurance mechanism, interoperable payments, easily accessible, with wide coverage and high availability.

TIP: Get our latest content by joining our newsletter. Don't miss out on news that matter in Costa Rica. Click here.

Some financial institutions have a specific app that helps you create the text message. See if your fianacial institution offers this possibility.

Availability

In this and many more situations, the use of SINPE Mobile is useful and safe as a means to make payments. “For me and for my clients it’s easier to manage money through text messages,” said Luissana Mesen, who does catalog sales.

The system, developed and managed by the Central Bank of Costa Rica, is available at private and public banks (National, Popular, BCR, Bancrédito) (BAC San José, Lafise) and nonbank financial institutions (Coopealianza, CoopeAnde # 1 , Coopenae, Coocique, Coopeservidores, and MUCAP).

Membership

To subscribe, simply consult one of the above mentioned institutions to learn what is the procedure that applies to link your bank account with your mobile phone number. According to the bank, it could make this process through different channels, such as online banking (branch on the Internet), mobile banking (app), SMS banking, branch, call center/chat and even ATMs.

Although mobile payments are allowed up to a daily amount of ¢ 100,000 (accumulated amount and at no cost to the client), financial institutions can establish the collection of fees for larger sums. The same applies to the monthly amount received, the limit is ¢ 2 million; above that amount, the bank may charge a commission.

If you want to learn more about the services offered, enter http://bit.ly/2dz0oDl and translate the page.

LIKE THIS ARTICLE? Sign up to our newsletter and we will send you updates of our latest content as soon as they are available. Click here.

VIAThe Costa Rica News (TCRN)
SOURCEEduardo Baldares
Previous articleCosta Rica’s First Indigenous Tour Agency – Meet the BriBri People
Next articleTry Reading This and Not Book a Yoga Retreat in Costa Rica
I approach life as a continuous stream of opportunities for growth and learning through human interactions and personal exploration. In my quest for sharing a positive, dynamic, and nuanced perspective on world affairs, I became involved as an author for TCRN. In 2012 I was selected by Shell Oil as one of the top 25 global energy entrepreneurs. Involved in Blockchain Technology and Digital Currency since 2016. Passionate about transforming people’s lives through community CoLiving and CoWorking. www.ResonanceCR.com