Xpress Money to increase its network in Latin America to 40,000 locations by the end of 2017

Xpress Money, one of the world’s most dependable money transfer brands, is rapidly expanding its network in Latin America. Currently, the company has a sizable network across LATAM and will soon increase its presence to 40,000 locations by virtue of strategic partnerships that are underway. The company also opened conversations with a number of potential partners in the region at the recently concluded IMTC conference held in Guatemala.

In a short span of 17 years, Xpress Money has built one of the strongest networks of 180, 000 agent locations in 160 countries. The company is committed to working towards developing convenient payment solutions such as Cash Payouts, Account Credits, Cardless Payouts through ATMs, Credits to Remit Cards & Mobile Wallets and Door Delivery Services to support the growing expat community across the world. As part of its digital offerings, Xpress Money recently launched Xopoto, a social international money transfer app and will soon be launching its online money transfer service.

Talking about the expansion plans, Sudhesh Giriyan, COO, Xpress Money said, “Our aim is to make money transfers convenient for millions of expats residing away from their homes. With the growing number of people moving abroad and sending money to their home countries, it is imperative for international money transfer brands like ours to equip ourselves to cater to the growing needs of customers. Through our growing presence in Latin America, we aim to ensure a convenient and secure money transfer process, both for the sender abroad as well as the beneficiaries in the region.

Xpress Money provides its customers instant, secure and convenient ways to transfer money anywhere in the world through innovative technology, superior customer service and its extensive global network.

About ‘Xpress Money’:

Incorporated in 1999, 'Xpress Money' is a global money transfer brand with a thriving presence in more than 170 countries across the globe through partnerships that have a network of over 200,000 locations. It is one of the most dependable and renowned international money transfer brands across the globe. 'Xpress Money' provides customers convenient, simple and secure ways to transfer money across geographies. Its widespread network is strengthened by collaborations with renowned organizations that include international money transfer operators (IMTOs), banking as well as non-banking institutions, retail chains, online remittance players and fintech companies. Xpress Money's state of the art compliance and security policies ensure customers a secure and hassle-free money transfer process.

Xpress Money is part of Finablr, a global platform for Payments and Foreign Exchange solutions. With deep regulatory know-how, technology expertise and industry leading partnerships, Finablr companies provide a broad array of tailored and trusted financial solutions for consumers and businesses. With a global reach spanning 170+ countries, Finablr companies processed over 150 million transactions in 2018, managing nearly USD 115 billion for customers.

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