MayaPlus Introduces Innovative Remittance App for Guatemalan Migrants
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Loading... - Alice Mosley
- 16 Jul 2024
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MayaPlus, a fintech company dedicated to supporting the migrant community, has unveiled a groundbreaking app aimed at revolutionizing remittance management for Guatemalan migrants. This new tool is designed to facilitate secure and cost-effective money transfers while encouraging strategic investments in construction and housing projects, thereby aiding migrants in building a prosperous future.
The Significance of Remittances in Guatemala
According to data from the Ministry of Public Finance (MINFIN), remittances from over three million Guatemalan migrants constitute 20% of the country's Gross Domestic Product (GDP), surpassing export revenues. This underscores the vital role that these financial inflows play in the national economy.
Features and Benefits of the MayaPlus App
Secure and Low-Cost Transfers: The app ensures that money transfers are both safe and affordable, reducing the financial burden on migrants sending money home.
Competitive Exchange Rates: MayaPlus offers competitive and favorable exchange rates, enhancing the value of remittances.
Removal of Intermediaries: By eliminating the need for intermediaries, the app streamlines the remittance process, making it more efficient.
Investment Opportunities: The app promotes strategic investments in construction and housing projects, helping migrants use their remittances to build dream homes.
