Sinpe Móvil is an electronic payment system developed by the Central Bank of Costa Rica (BCCR) in 2015 and which stands out for being a safe, easy-to-use option, wide-coverage, availability, and low cost. For this payment method, the entity obtained the innovation award from the Latin American Federation of Banks (Felaban) in 2015.
This service will allow you to make transfers 24/7 of maximum amounts of ₡ 100,000 colones per day without payment of any commission, facilitating this process by only requiring the telephone number of the person to whom you want to deposit the money.
Likewise, at the reception level, a monthly maximum of ₡ 2,000,000 colones is allowed.
Also, the affiliation process is quite simple, you only have to link your cell phone number to a certain bank account in colones, you can link several numbers to the same account.
However, if you have two or more accounts at different banks, you can only link the same number with a single account. In the same way, it only works for shipments of small amounts of money and they must be in colones.
Each bank offers different ways to affiliate your number to an account through its mobile banking, website, go to a branch, call center, among others.
Besides, in our country, transactions through Sinpe Móvil increased up to 700% from February to October, going from one million transactions to eight million according to BCCR data.
Currently, 18 financial entities provide this service: Banco Nacional, Banco de Costa Rica, BAC Credomatic, Lafise, Banco Popular, Banco Davivienda, Banco Promérica, Scotiabank, Coopenae, Coocique, Coopealianza, Coopeservidores, CoopeAnde, Caja de Ande, CoopeCaja, Mucap , Teledólar and Grupo Mutual.
On the other hand, when the user exceeds the amount of ¢ 100,000 colones per day, financial entities can charge a commission, then you can consult the amount of the same this linkthis link.
If you lose your phone and have the Sinpe Móvil service enabled, contact your bank or financial institution immediately and request that they disable the service. You can also do it by entering your bank's virtual platform via the web and doing it yourself.
At this time there are applications like Pei created by the product developer FinTech Antit, it works as a payment gateway making it easy for you to link all your accounts in one place.
Also, the creation of QR codes was recently added to facilitate the payments of users who make use of this platform through this system.
It also offers the advantage of facilitating transfers in both colones and dollars 24/7 without commission charges in amounts less than $ 50.
Founded in 2015, ANTIT is a mobile development company specialized in Minimum Viable Product (MVP) and Time-To-Make (TTM) products with a portfolio strongly focused on the FinTech industry.