Progressive Fee Options, Inc. (IPSI) has teamed with Mario Lopez, a TV persona who has appeared on “Entry Hollywood” and “Saved by the Bell,” to spice up consciousness of merchandise involving remittances to Mexico, the corporate introduced Monday (July 11).
The FinTech offers digital fee options for enterprise homeowners and shoppers. Lopez will reportedly be working as a spokesperson to focus on the challenges confronted by the unbanked and underserved communities within the U.S. and Latin America, and the way IPSI’s merchandise will tackle these points.
IPSI is engaged on creating cell software eWallets to let prospects deposit money, convert it to a digital kind and remit them to Mexico or different international locations. The corporate boasts the IPSIPay eWallet, which will probably be launched commercially now that Lopez has signed on to assist.
Lopez stated he has quite a few relations within the U.S. and Mexico and is acquainted with the challenges concerned with sending cash, which are sometimes accompanied by excessive charges.
“I grew up proper on the border in Chula Vista (San Diego) and my dad and mom, who immigrated from Mexico, raised me within the US which afforded me each alternative to perform the entire successes that I’ve been so blessed to have achieved in my life,” Lopez stated within the launch. “I need to do my half in giving that very same alternative to others.
“I’m enthusiastic about this partnership with IPSI and am very proud to be carefully related to an organization that I imagine could make an actual distinction in many individuals’s lives, particularly those that are sometimes underserved within the easy process of caring for their hard-earned cash.”
In different information concerning remittances to Mexico, PYMNTS just lately wrote that Western Union and MercadoLibre are teaming to facilitate digital remittances in Mexico, the place the funds have turn into an enormous a part of the native financial system.
Learn extra: Western Union, MercadoLibre Accomplice on Remittances to Mexico
The financial system in Mexico has been weakened by quite a few components, and the partnership goals to assist households with sending cash by way of Western Union, letting recipients in Mexico acquire the funds by way of Mercado Pago, the digital finance arm of MercadoLibre.
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