Mexico lays rules for mobile phone banking

www.WirelessFederation.com/news: The Mexican central bank has laid rules on paying for goods and services and making other financial transactions through bank accounts associated with mobile telephones.
The bank said in a statement on Monday that it had set out regulations for telephone operators and banks to open “mobile accounts” for their clients.
“The rules establish measures to promote competition and inhibit possible discriminatory practices in money transfers within one bank or between different banks,” the central bank said.