Ripple Bags Another Partner Intermex for Latin America and Caribbean Corridor
Ripple has partnered with yet another superior money remittance services company International Money express Inc. (Intermex) to enable faster cross-border payments between the US and Mexico.To change this, Ripple has joined hands with Intermex (International Money Express Inc), who makes the Caribbean and South America regions, that are known areas for high foreign transfer fees and costly delays, their main focal point. This new alliance between the two companies will allow more leverage in cross border payments, making them more transparent between Mexico and the US.
Focusing on the US to Mexico Corridor
At the 3rd highest remittance clients is Mexico, recording $36 billion in payment flows last year alone, as per World Bank. With the highest incoming flow to the region is the US also topping the list.And Intermex is one of the largest US to Mexico service providers of payments, processing over thirty million payments through a network of hundreds of thousands of locations to collect per year. By joining RippleNet, Intermex can settle key currencies and match the timing of funding with its all the requirements.