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Remittances

16 Apr 2018

08 Dec 2017

08 Nov 2017

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.

02 Nov 2017

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.

25 Oct 2017

According to recently released BBVA Research data, people around the globe could send their loved ones up to $606 billion in remittances in 2017, which made us wonder. What are the elements that impact remittances when they are sent?

According to the Global Head of Tuyyo Ignacio de Loyola Gil Puértolas, remittance senders should be aware of two main elements: exchange rates and transaction fees. Exchange rates are the amount of foreign currency received for each dollar sent. Fees are the amount the sender pays to the service provider for transferring the funds.

19 Oct 2017

Recently released data from BBVA Research show that remittances are expected to reach nearly $606 billion globally in 2017, a 3.6 percent increase over last year and about a $213 billion increase compared to ten years ago in 2007. The global dollar amount of remittances is expected to rise 3.7 percent next year, indicating that funds being sent worldwide have no signs of slowing down. So, how are people sending money overseas and across borders?

16 Oct 2017

Sending money to friends and family just got faster, more convenient, and a lot more personal. A new online app-based (iOS and Android) service called Tuyyo, launching Monday and powered by BBVA, will upend the $73 billion annual market for remittances to Latin America and the Caribbean from the United States. Globally, the remittance market is set to exceed $600 billion this year and reach close to $629 billion in 2018.

21 Sep 2017

Dreamers are individuals who were brought to the United States before the age of 16 and who don’t have lawful immigration status.  They’re pursuing the American dream. They came to the United States as children and many of them discovered as adolescents that they had entered the country without documents. They’re the “dreamers” – immigrants and, most of them children of immigrants who are trying to escape from their legal limbo.

02 Nov 2016

14 Sep 2016

01 Jul 2016