As part of its expansion plan in Mexico, the firm Uala ABC has entered the remittance business, a market that has a potential value of more than 58,000 million dollars at the end of this 2022.
This Friday, the firm of Argentine origin and which has an alliance with the ABC Capital bank announced its remittance product, by which the users of its application will be able to receive money from abroad digitally.
“To start receiving their money, Ualá ABC users must register in the application, have their remittance collection folio and fill out a short routine form. This allows the entire process to be carried out digitally without having to go to a physical branch”, highlighted the firm when announcing its foray into this market.
The company explained that the money can be sent from abroad, either through the website or any of the 40,000 MoneyGram agent branches located in the United States.
According to Ualá ABC, once the amount is received, users can start using it from their account, either for online purchases and in physical establishments that accept Mastercard cards, or withdraw it at the ATM network.
According to the information provided, anyone who is in Mexico will have the possibility of receiving up to 900 dollars or about 21,990 Mexican pesos in their Ualá ABC account each month.
This figure represents more than double the average individual remittance that is sent by family, which between January and July 2022 was 406 dollars,” the firm highlighted.
For Ualá ABC, entering the remittance market is important as it is a fundamental part of many families in Mexico. “With the launch of remittances, Ualá and ABC Capital endorse their commitment to help achieve a more competitive, transparent and inclusive Mexican financial system.”
Currently, the functionality to receive money from abroad is already available for users of the Ualá ABC application.
[ad_2]
hartford car insurance shop car insurance best car insurance quotes best online car insurance get auto insurance quotes auto insurance quotes most affordable car insurance car insurance providers car insurance best deals best insurance quotes get car insurance online best comprehensive car insurance best cheap auto insurance auto policy switching car insurance car insurance quotes auto insurance best affordable car insurance online auto insurance quotes az auto insurance commercial auto insurance instant car insurance buy car insurance online best auto insurance companies best car insurance policy best auto insurance vehicle insurance quotes aaa insurance quote auto and home insurance quotes car insurance search best and cheapest car insurance best price car insurance best vehicle insurance aaa car insurance quote find cheap car insurance new car insurance quote auto insurance companies get car insurance quotes best cheap car insurance car insurance policy online new car insurance policy get car insurance car insurance company best cheap insurance car insurance online quote car insurance finder comprehensive insurance quote car insurance quotes near me get insurance