Viamericas, 24Xoro join forces to expand remittance services in Mexico
In a significant development for international remittance, Viamericas Corporation, a renowned licensed remittance company, has announced its integration with 24Xoro, enhancing the options available for remittance beneficiaries in Mexico. This strategic partnership aims to provide Viamericas customers with an expanded array of locations and methods for their remittance recipients in Mexico, marking a pivotal step towards improving financial accessibility and convenience for millions of individuals.
A Synergy of Expertise in Remittance Services
24Xoro, recognized for its safe and reliable money transfer services within Mexico, collaborates with Viamericas to tap into an additional 2 million individuals sending money from the United States. This integration allows recipients to monitor the status of their transactions in real-time, ensuring a seamless, secure, and convenient remittance process. Nicolás Noriega, CEO of 24Xoro, highlighted the importance of this partnership, stating, “Viamericas is a premier provider of remittance services for migrant workers to support their families in Mexico from anywhere in the United States. Together, we continue to help improve the human condition and economic development of families in Mexico and the United States.”
Enhancing Cross-Border Payments: Viamericas and 24Xoro Offer New Money Transfer Options
Commitment to Security and Compliance
Ensuring the security of transactions and compliance with fraud laws and regulations is a cornerstone of the partnership between 24Xoro and Viamericas. 24Xoro’s legal compliance module, equipped with policies and procedures, is designed to mitigate the risk of utilizing the platform for activities that violate the regulations of their respective countries. Joseph Argilagos, Executive Chairman and Co-Founder of Viamericas, reaffirmed their dedication to enhancing the remittance experience, stating, “The partnership between 24Xoro and Viamericas demonstrates our commitment to enhance the remittance experience for our valued customers. By integrating with 24Xoro, we expand options and accessibility for Mexican remittance recipients.”
Expanding the Network of Money Transfer Services
24Xoro, a licensed money transmitter company based in Mexico, boasts over 70 paying agents and a vast payment network of more than 4,000 cash pickup locations across Mexico. The company offers the convenience of direct deposit to any bank account in Mexico, available 24/7, throughout the year. Viamericas, on the other hand, is a leading money transmitter in the United States, providing a wide range of services including international money transfer, bill payment, and check processing. With thousands of agent locations across the United States, individuals can send money to over 100,000 locations in 80 countries, making it a key player in the global remittance market.
Bridging Financial Gaps
The collaboration between Viamericas Corporation and 24Xoro represents a significant leap forward in bridging the financial gap between the United States and Mexico. By offering a wider range of remittance services, this partnership not only facilitates financial transactions across borders but also plays a crucial role in the economic development and welfare of families in both countries. As the remittance landscape continues to evolve, such innovative partnerships are key to addressing the needs of a globalized economy, ensuring that families can support each other regardless of geographical distances.