Remittances
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/6JVRWLAHEJETHMQTJYD5GPXCTY.jpg "Think Tank Warns $4 Billion of US Remittances to Mexico Could Be Linked to Crime")
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/4CP6NUF7SZG6ROSUQ377YTN5WA.jpg "Mexican Peso Appreciation, US Slowdown Weaken Purchasing Power of Remittances")
Mexican Peso Appreciation, US Slowdown Weaken Purchasing Power of Remittances
The Mexican currency has advanced 4.8% against the US dollar so far this year, impacting the recipients of remittances from migrants abroad
Remittances from Mexican Workers Living Abroad Hit a Record in October
Money sent home by Mexicans who are mainly living in the US totaled $5.36 billion in October
Weaker Growth in Rich Countries Will Hit Remittances to Emerging Markets
India, Mexico and China remain the top recipients of money sent by workers abroad
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/GUXNT5W2QRCMFKSUZFA53VXK24.jpg "Remittances to Central America On Track to Break Records")
Remittances to Central America On Track to Break Records
After a record year in 2021, total remittances to the region have remained strong this year despite the adverse economic conditions
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/4YVS6LT3GNFN5HGOINLTSXEWVM.jpg "Mexico’s FEMSA Enters Fintech Space to Offer Remittances, Loans")
News in English
Mexico’s FEMSA Enters Fintech Space to Offer Remittances, Loans
Mexican conglomerate FEMSA, which owns the ubiquitous Oxxo convenience stores, has been granted a license to operate as a fintech and aims to offer personal loans and to small businesses
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/IH622YKCWRCWHLJECM4ETXVQXM.jpg "Remittances Remain Vital Source of Revenue for Latin America’s Economies")
News in English
Remittances Remain Vital Source of Revenue for Latin America’s Economies
The amount of money wired home to relatives in countries in the region continues to grow, with Colombia receiving the largest amount among the nations analyzed
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/LG2DJNZ6LNAJVBGSPUNF7BFPEM.jpg "Early-Bird Salvadorans Take Advantage of More Flexible Banking Hours to Make Transfers")
English version
Early-Bird Salvadorans Take Advantage of More Flexible Banking Hours to Make Transfers
The central bank’s Transfer365 facility allows account holders to make transfers at all hours, leading to a trend of early-morning transactions in the Central American country
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/FWQ2LILYGVDNTMLD4R4P3V4H2A.jpg "Las remesas ya inyectaron más de US$50.000 millones a la economía de LatAm en 2022")
Economía
Las remesas ya inyectaron más de US$50.000 millones a la economía de LatAm en 2022
La región ya alcanzó un 37,3% de lo proyectado por el Banco Mundial para este año
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/E5H2INPOXBEUNJJAR26S6IRFKI.jpg "Remittances to Colombia Surpass Coal As Dollar-Revenue Source")
English version
Remittances to Colombia Surpass Coal As Dollar-Revenue Source
The rise in commodity prices and the strengthening US dollar have favored oil prices and remittance values, but not coal
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/VPZ34MWCRFEXBFS6EBFS7NGTV4.jpg "MoneyGram CEO Sees a Future in Stablecoin Remittances")
Tech & Funding
MoneyGram CEO Sees a Future in Stablecoin Remittances
One of the largest money-transfer services in the US is attempting to broaden the adoption of digital currencies
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/OA6XRLSKONGV5IWSTJRVYLA6II.jpg "Remittances to Dominican Republic Fall, But Remain Above Pre-Pandemic Levels")
News in English
Remittances to Dominican Republic Fall, But Remain Above Pre-Pandemic Levels
Money transfers to the country totaled $1.5 billion in the first two months of this year, according to the central bank
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/7APXJ4N2HBFKRFANKU7JTZ6CMI.jpg "Growth in Remittances to Mexico Seen Cooling in 2022")
News in English
Growth in Remittances to Mexico Seen Cooling in 2022
BBVA México forecasts a total of $56.7 billion in wire transfers to the country in 2022, a lower rate of growth than during this year.