If the answer is Positive, I invite you to read and get to know us more, so that you learn that every time you send remittances you can send more money to your family for the change, this would be fabulous, wouldn't you think? Can you imagine being able to transfer money to your relatives without using intermediaries such as an exchange house or a money changer, and that you can also save those high commission rates that they charge you for the shipment, where you can practically learn to be your own currency exchanger, through the Latin Market Swap platform “CasherUp”.
But you must also understand where this gigantic business that moves millions of dollars in Latin America comes from, and few know how to do it, it all comes from the economic, political and social situation in several Latin American countries, which due to the low purchasing power of money has generated since several years ago the increase in the migratory phenomenon of people to other countries, seeking to improve their quality of life, in addition to sending money through the remittance system to financially help their relatives who stayed in their country.
In most cases, remittances are the only source of income for people in these countries with economic recessions, since the emigrant is often the father or head of the family.
Did you know that, in the case of Mexico, remittances represent the second source of foreign exchange, after automotive exports, and constitute an important income for millions of people. In countries such as El Salvador, Guatemala and Honduras, remittances represent 16% of their Gross Domestic Product.
So this means that capitalist companies such as Western Union, Money Gran, among others, generate very high income from this activity, if so, for just the activity of charging you high fees for sending money, which you certainly had a hard time getting by sweating and exerting yourself.
According to the World Bank (WB) report on migration and development, the flow of remittances to low- and middle-income countries exceeded $ 550 billion in 2019, representing a steady increase every year.
In this way, the international organization also calls for governments, private sector entities and civil society to find ways that can maximize the impact of remittances through individual or collective actions, who sometimes prefer not to apply them anymore. that the same policies of these governments with economic recessions take a large part of this pie.
Therefore, the CasherUp team is developing programs and tools to honor the call of the World Bank, and thus provide better benefits to the Latino community in particular, our platform will provide specific benefits to minimize those costs, in order to help and improve remittance transactions.
The CASHERUP team !!