Broxel Announces Free Remittances For Mexican Community In US.
BANKING AND CREDIT NEWS-May 5, 2022-Broxel Announces Free Remittances For Mexican Community In US
(C)2022 M2 COMMUNICATIONS http://www.m2.com
A Latin American FinTech company, Broxel, is putting an end to high fees and long waits for sending money from the US to Mexico, the company said.
Starting on 5 May, the Mexican American community in the United States will be able to send money to their families south of the border, at zero cost.
Remittances are essential for the Mexican economy, being the first source of currency, above oil exports. In the middle of the pandemic lockdown, immigrants sent 40 billion dollars to their relatives in Mexico; in 2021 the amount climbed up to 51 billion dollars. Mexican workers sent an average of USD 378 USD per remittance, and made 136 million of operations last year.
Broxel Pay App is available for everyone to register through www.broxel.com, and free remittances are just one of many functionalities users can have in a cutting-edge financial platform, which includes: a MasterCard debit card accepted worldwide, a borderless solution in which users can...
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