Tuesday 21 September 2021

Scotiabank becomes the Costa Rica’s first private bank to be cash-free

Digitizing all internal transactions allowed it to get recognized

Paying the bills

Latest

1,308 complaints about parties and agglomerations this weekend

QCOSTARICA - Police actions to enforce health regulations do...

ELON MUSK LAYS OUT WHEN TESLA WILL START RECEIVING BITCOIN

Following the series of accusations and backlash levelled against...

Top 3 Tips for Better Online Casino Security

The gambling industry has prospered over the years and...

Today’s Vehicle Restriction September 20: Plates ending in “1 & 2” CANNOT circulate

QCOSTARICA - For today, Monday, September 20, vehicles with...

Athleta women’s brand opened its first store outside North America in Costa Rica

QCOSTARICA - Gap Inc.'s Athleta brand announced the opening...

Carlos Alvarado: Vaccine retention ‘delays global solution and increases risk of new virus variables’

QCOSTARICA - Costa Rica President Carlos Alvarado showed his...
Paying the bills

Share

QCOSTARICA – Scotiabank Costa Rica was certified as a Cash Free Entity and with this, it became the first private bank to obtain this distinction from the Banco Central (Central Bank).

Payment to suppliers, payroll, taxes and public services are procedures that Scotiabank facilitated and adapted to digital media, according to Diego Masola, General Manager of Scotiabank in Costa Rica.

Payment to suppliers, payroll, taxes, and public services are procedures that Scotiabank facilitated and adapted to digital media, in order to obtain the Programa L (Entidad Libre de Efectivo) – L Program (Cash Free Entity) – certification.

- Advertisement -

Being a digital leader in the global market and benefiting its customers is Scotiabank’s main strategy, which is why it has invested in new digital services that allow it to do banking operations quickly and safely.

The service experience and the impact of the processes, motivated the company to take actions to optimize its operation.

“We want our customers to find it easier to do business with the bank,” said Diego Masola, SVP & Country Head for Scotiabank in Costa Rica – Central America Region Head.

More than 80% of Scotiabank customer transactions are made through an alternate channel to the branch.

Additionally, the company’s use of digital channels increased 25% during the first half of this year.

“We are aware that the transformation must start at home, that is why the Central Bank certification is so important. This is a fundamental step in continuing to develop a digital culture at Scotiabank,” Masola said.

- Advertisement -

The L program encourages electronic means to carry out collection and payment transactions, with the objective of reducing costs and risks associated with cash handling.
Profile

- Advertisement -
Paying the bills
Q Costa Rica
Reports by QCR staff

Related Articles

500 Intel drones illuminated the night of celebration of the Bicentennial of Costa Rica

QCOSTARICA - During the celebration of the Bicentennial of Independence Wednesday...

Legislator proposes the creation of an updated registry of pedophiles

QCOSTARICA - With the intention of protecting minors, a bill proposed...

Subscribe to our stories

To be updated with all the latest news, offers and special announcements.

Log In

Forgot password?

Forgot password?

Enter your account data and we will send you a link to reset your password.

Your password reset link appears to be invalid or expired.

Log in

Privacy Policy

Add to Collection

No Collections

Here you'll find all collections you've created before.