MoneyGram, a global provider of money transfer and payment services, recently announced that it has reached an agreement with Cotacao DTVM to enable customers in Brazil to send money transfers to friends and family from more than 50 Cotacao DTVM exchange houses in the country.
MoneyGram has also recently opened an office in Brazil to provide an increased presence and support for agents, consumers and business partners as remittances from the country continue to grow.
"The agreement with MoneyGram reinforces Cotacao's focus in offering our customers products and services of the utmost quality," Cotacao Director Alexandre Fialho said. "We are certain that our clients want to send money outside of Brazil quickly and securely while receiving great customer service. We are pleased to work with MoneyGram to offer our customers these services."
According to the World Bank, outbound remittances from Brazil have increased to about $1 billion. Most of the transfers were sent to Portugal, Spain and Japan. Nearly $2.5 billion flowed into Brazil last year, most of which was from the United States.
Organizations in this story
MoneyGram 15, 2828 N Harwood St, Dallas, TX 75201 ,
- Franchise Whales hopes to seed the economy by helping others
- Show support for vets, military by increasing U.S. energy independence, says Latino veteran leader
- How Pilar O’Leary Put Latino Culture on the Map
- Two Latino U.S. senators could have key roles in reforming Telephone Consumer Protection Act
- Guatemalan businessman Fernando Jarquin Pira quietly makes donations to first responders and patients
- Monterrey gains TI Automotive production plant
- Nitro Quimica picks Eyefreight for logistics support in Brazil
- Pelican BioThermal expands into South America
- Brazil's Embraer signs deal to supply jets to Horizon Air
- Biocept's lung cancer blood test to become more accessible in Mexico