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

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.