The largest Dominican telecommunications company, Codetel, has announced a US$241 million investment this year. A large amount of it will go to install new technologies, Jorge Ivan Ramirez, president of the company, told the Listin Diario. One of the most innovative is the possibility that mobile phones could be used as credit and debit cards. This would be possible after a direct link with banks is set up that will allow financial transactions through mobile phones for every kind of purchase from beer to soft drinks sold in vending machines.
