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Profee launches remittance to Mexico, Brazil, Peru, Chile and Colombia

Profee launches remittance to Mexico, Brazil, Peru, Chile and Colombia

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More and more people around the globe are in demand of fast, reliable and profitable money transfers. Profee transfers can now be sent to several countries in Latin America, including:

  • Brazil,

  • Chile,

  • Colombia,

  • Mexico,

  • Peru.

Stereotypically, the USA seems to be the first choice for migrants moving from Latin America to get a higher income. However, the number of people from the Western Hemisphere coming to Europe to work or to study keeps growing.

For Mexico, the percentage of incoming remittance in the country’s GDP more than doubled over the last decade (from 1.9% in 2012 to 4.2% in 2022). The volume of money transfers sent to Brazil has been on the rise since 2017: in 2022, the value of remittance received in the country made 4.97 billion US dollars, which is some 17% more than a year before.

These figures show that more and more people need to send money from Europe to Chile, Mexico, Brazil, Peru or Colombia. Considering this, Profee added the five Latin American countries to the list of its available destinations. Apart from the seamless and reliable service, Profee offers a user-friendly interface: the website and applications are available in multiple languages.

Trademarks, logos and other graphic or text elements are owned by the respective right holders. We do not promote third-party brands but provide introductory information only. All the facts mentioned in the article are valid on Oct 31, 2023 – discover the current Profee terms we are offering you right now here.

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Third-party trademarks, logos, and other graphic or written elements are the intellectual property of their respective owners. Information regarding these companies can be found on their official websites. No affiliation should be implied between Profee and these entities.
Profee is a registered trade name under Sibilla Solutions LTD. Sibilla Solutions LTD, registered in Cyprus (Registration No. HE348581), is regulated as an Electronic Money Institution (EMI) by the Central Bank of Cyprus (License No. 115.1.3.16/2018), VAT СY10348581D. If you reside in the EU, our services are provided by Sibilla Solutions LTD.

For UK residents, our services are provided by Finthesis Ltd (previously known as Paymentz Ltd). Finthesis Ltd is incorporated in the United Kingdom (Company No. 12431685) and is licensed by the Financial Conduct Authority (FCA) under the Payment Institution regulations (License Nо. 924263). Finthesis Ltd is registered at 2-4 Eastern Road, Imperial Offices, Romford, England, RM1 3PJ, United Kingdom.

For Canada residents, our services are provided by TRUE NORTHERN TRANSFERS INC., a money service business registered with the Financial Transactions and Reports Analysis Centre of Canada (Registration No. BC1458550) and licensed in British Columbia to carry out money transfers (license number M24840241).

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