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Bolivian bank Banco Bisa has kicked off a mobile banking service for its clients, according to a local press report.
The new service, called "Bisa Móvil", was launched through agreements with local operators Entel Móvil, NuevaTel - which operates the Viva brand and is majority owned by US-based mobile holding company Trilogy International - and Telecel, of Millicom International Cellular (Nasdaq: MICC), which operates the Tigo brand.
The m-banking service enables clients to make payments, transfers and requests for information, among other services.
According to a recent report by Spanish messaging platform supplier Latinia, some 38% of Latin America's largest 100 banks now offer services accessible via their customers' mobile phones.