Argentine neobank Ualá announced it was moving into the segment, partnering with Mexican incumbent ABC Capital.
Nubank steps up its game in Latin America by offering remittances in Mexico and securing a new license in Colombia.
When war broke out in Ukraine last year, Daumantas Dvilinskas and his team at TransferGo quickly realized the intensifying need for money transfering services such as theirs.
While there has been a focus on junk fees recently that hasn't extended much to remittances. For people sending money overseas there is no transparency and the cost is still too high.
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