WorldRemit, a leading international payments company has entered into partnerships with two of Mexico’s fastest growing neobanks, albo and Klar.
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“We are excited to launch these services to give people more remittance options to support their loved ones,” said Jorge Godinez, Head of LATAM at WorldRemit. “We are the first money transfer company to enable transfers to albo and Klar, which share our values of promoting financial inclusion through widening access to international payment services. This is another option for customers who prefer a cashless experience from beginning to end.”
Consumers in Mexico seem to be very receptive to fintechs and new banking options are becoming part of the solution for financial inclusion. The Mexican government aims to reduce cash flow circulation and bring people to the formal economy. This is a challenge given 63% of the population is underbanked, according to a World Bank report*. For those without banking access, the relationship between WorldRemit, albo and Klar offers an alternative solution.
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“We are committed to promoting financial inclusion and helping Mexicans to enjoy the benefits of digital technology. Partnering with WorldRemit will benefit our customers by providing them with more transfer options to support their families and friends”, said Fernando Abad Torres, Partnerships Manager at albo.
“We are delighted about the alliance with WorldRemit since it will allow our users in Klar to receive remittances from over 50 countries around the world”, commented Rafael Sainz, Strategic Partnerships Manager at Klar.
