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How does Retiro Móvil (Mobile Withdrawal) work?

Retiro Móvil (Mobile Withdrawal) allows you to schedule sending and receiving withdrawals using a mobile device or tablet equipped with iOS (iPhone, iPad, or iPod Touch) or Android operating system; these withdrawals can be redeemed at participating Popular ATMs. You have the option to schedule a withdrawal and redeem it or send it to someone else; just enter the phone number or select it from the list of contacts on your device.