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Fintech

Fintech

growth-of-us-mexico-remittance-corridor

Remittances remain a major, if not the largest, source of foreign revenue for Mexico. In 2016, the dollar volume for remittances to Mexico jumped 8.8% over the prior year and reached an all-time high of nearly $27 billion — about 95% of those remittances came from the U.S. The U.S.-Mexico corridor is one of the largest remittance sectors in the world, and four key influences are helping to further fuel its significant growth.

Only two months ago, it was just an experiment. Twitter decided to double the number of characters per message for certain selected accounts. The goal was to find out whether the traditional 140-character limit was an obstacle to the best use of the application.

BBVA’s new app-based service for remittances, Tuyyo, recently launched, focusing initially on the important U.S. to Mexico corridor, with an eye toward expanding service into other countries soon.

According to BBVA Research’s Yearbook of Migration and Remittances, that’s a good strategy as remittances, or the money sent by migrants to their home country, flows to and from many countries around the world, Mexico being just one, and not even the largest receiver among them.

batery-mobile-recurso-bbva

Is your smartphone’s performance sluggish? Storage full? Battery dead in just a few hours? Always running out of data? If you can’t find the answer to these, or similar, questions, this article will shed some light and help you improve the performance of your Android handset. Security software firm Avast recently released its quarterly report, which ranks the top battery-draining, storage-hogging, and mobile-data-eating apps.