Banco del Bienestar revamps its app with commission-free payments, transfers and QR collections

FinanceInternationalEl FinancieroNov 12, 2026, 7:39 PMAI summary

Banco del Bienestar presented a new mobile app that lets beneficiaries of the Bienestar pensions make digital payments and transfers from their phones. Víctor Manuel Laboyi Bocanegra, the bank's head, said at President Claudia Sheinbaum's morning press conference that the app charges no commissions on digital payments. It previously only allowed balance and transaction inquiries; now, with more than 18 million users, it adds transfers by cellphone number, QR payments and collections, notifications and locating branches and ATMs.

In 40 seconds

The new Banco del Bienestar app allows digital payments and transfers from the phone, with no commissions on digital payments.
Bank head Víctor Manuel Laboyi Bocanegra presented the tool at Claudia Sheinbaum's morning press conference.
It adds sending money by cellphone number, QR payments and collections, notifications and locating branches and ATMs.

Read the full story at El Financiero

IASummary generated by artificial intelligence from a story by El Financiero. It may contain errors: the original source prevails.

Banco del Bienestar
banca digital
pagos QR
México
fintech

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Banco del Bienestar revamps its app with commission-free payments, transfers and QR collections

In 40 seconds

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Keep reading

Europe could save 40% on electricity if it coordinates solar power and batteries well

Aznar receives record payout at News Corp and tops five million dollars accumulated

Colombia's annual inflation reached 6.30% in October 2026, according to DANE

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