BRAZIL > London based Xpress Money partners with Brazil based Confidence Corretora De Câmbio S.A. to increase network in Latin America

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One of the fastest growing money transfer brands, Xpress Money has teamed up with a renowned Brazilian brand based Confidence Corretora De Câmbio S.A. that offers services such as solutions for individuals to buy foreign currency, exchange international checks, pay bills abroad, and send and receive money from abroad. With the new partnership, Xpress Money boasts a strong network of over 50000 locations in LATAM.

As remittance inflows have increased 6.9 percent in 2016 from the previous year to $73 billion, so has the interest of international remittance companies. Xpress Money has a thriving presence in every continent and has transformed and fast multiplied its global network with partners and strategic alliances that include renowned international money transfer operators (IMTOs), banking as well as non-banking institutions, telcos and online remittance players. Xpress Money has one of the  strongest network among the IMTOs with 200000 agent locations worldwide and is focused on providing payment solutions such as Cash Payouts, Account Credits, Cardless Payouts through ATMs, Credits to Remit Cards & Mobile Wallets and Door Delivery Services.

According to Xpress Money COO, Sudhesh Giriyan:

“Our partnership with Confidence Câmbio is part of our strategic framework to aggressively expand our footprint in LATAM. Brazil is an important market from a remittance perspective as it not only sends out large volumes of money, but is also a big recipient of money coming into the country. Brazil is amongst the top 10 countries for inward remittances in LATAM that received $2.7 billion in 2016. Brazilians continue to migrate abroad for a better livelihood and in turn send money home in the form of remittances. Customers will now have more convenient options to send and receive money securely. We are excited that our partner here shares the same vision of providing convenient and affordable money transfer services to customers in the country”.

Stephane Kaloudoff, Confidence Group CEO also said the following about the new formed partnership:

“The remittances segment has huge potential in Brazil and being able to provide one more important solution through Xpress Money is a competitive advance, for sure. As a result, we have expanded and strengthened our remittance portfolio while ensuring more options to our customers to choose the best service according to their needs – always focusing on agility and security – essential factors for success in this segment, once they represent the real needs and expectations of different types of customers. Undoubtedly, we are more competitive due to the entrance of Xpress Money into our portfolio of products and services.”

About Xpress Money

Headquartered in Kingsbury, London, Xpress Money was founded in 2001 with an aim to provide various business services to its clients. Mainly focused in global money transfer that boasts a network of 200000 agent locations spread across 165 countries in the world, Xpress Money service is convenient, accessible, affordable and secure.

About Confidence Corretora De Câmbio S.A

Confidence Corretora De Câmbio S.A is engaged in providing its’ clients various solutions to buy foreign currency, exchange international checks, pay bills abroad and send and receive money from abroad. Headquartered in Brazil, Confidence Corretora De Câmbio S.A was founded in 1996.

 

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