NextBillion - An Initiative of the William Davidson Institute at the University of Michigan

Friday, November 7, 2014

WorldRemit, an online and mobile money transfer company, has announced a partnership with Bancomer Transfer Services Inc. to offer money transfers to Latin America.

The agreement adds 15 countries to WorldRemit’s list of receiving markets, the company’s biggest single expansion to date, the company reports.

Bancomer Transfer Services’ extensive network of affiliated financial institutions and retail networks will enable bank deposits and cash collection in Argentina, Bolivia, Brazil, Colombia, Dominican Republic, Ecuador, El Salvador, Guatemala, Honduras, Mexico, Nicaragua, Panama, Paraguay, Peru and Uruguay.