The move is part of a process to increase banking penetration and combat tax evasion, authorities say.
The central bank will require financial institutions to process certain electronic fund transfers around the clock starting December 29.
Digital transformation is the most important issue today for the financial services sector in Chile, industry consultant Mario Ernst tells BNamericas ahead of a seminar being held in capital Santiago this month.
Colombia's central bank made a strong cut to the rate. Panama presented strong economic activity in April, boosted by trade. Ecuador GDP expanded apace.
Grupo Sura's asset management unit in Mexico has initiated the talent search program to push technology that facilitates and/or fosters savings.
US$80mn will be aimed towards the rehabilitation and maintenance of several roads of Montevideo, while a separate US$142mn loan will help to develop a new highway at the Bolivian Santa Cruz Department.