Tuesday, 25 July 2023 01:01

BCR launches the Certified Electronic Signature to streamline procedures at a cost of US$15 per year

Written by Evelyn Alas

The Banco Central de Reserva (BCR) launched today the Certified Electronic Signature service as part of El Salvador's digital transformation process.

The certified electronic signature will reduce time and costs, eliminate the use of paper, streamline processes, among other benefits.  This methodology, according to the BCR official, will have a cost to the public of US$15 per year and without limit of use, those who can use this signature are natural and legal persons.

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Regarding the certified electronic signature service, the president of the BCR, Douglas Rodríguez, indicates that it will allow citizens and legal representatives of companies to have an electronic signature with legal validity for the documents they can generate from anywhere in the world.

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According to Douglas Rodriguez, since 2022 they have shown progress with the agenda with products such as a single window, solvency window (Simple), electronic invoice. Now they are adding one more, a completely online service.

He said that in june 2021 they put in the hands of the population the flagship product: Transfer 365, a modern and innovative bank transfer service, then expanded it to Central America and the Dominican Republic, which allows importing and exporting companies to save commissions.

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The service has allowed the salvadoran population to save by not paying commissions. "We are improving the quality of life of salvadorans, they no longer have to waste time on permits or wait in line at bank branches”.

 

Translated by: A.M