El Salvador: Banco Agrícola Announces Alliance for Remittances

©image: Christy Cullen

Banco Agrícola will pay out remittances sent through Arias, MFIC's money transfer solution, that are originated by US institutions and through Alante Financial, MFIC's wholly-owned retail financial service centers targeted at immigrants.

Alante will collaborate with Banco Agricola to offer financing for a home purchase or improvement by the remittance senders and their family members in El Salvador.

"MFIC president and CEO Atsumasa Tochisako said they hope this partnership will allow them to extend more value-added services to Salvadorians and improve the productivity of remittances".

Source: payments.banking-business-review.com

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