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Wireless

Spain's BBVA launches Tuyyo money-transfer app in Latin America

Tuesday 17 October 2017 | 09:06 CET | News
Spanish bank BBVA has announced the launched of an online app-based service called Tuyyo focusing on the USD 73 billion annual market for remittances to Latin America and the Caribbean from the US. The service will initially offer money transfers from the US to Mexico, which sees annual flows of USD 27 billion, before rolling out to the rest of Latin America. The service promises almost instantaneous transfers, eliminating the need for money transfer agents to be involved, and opening up more than 11,000 Bancomer ATM machines in Mexico to those receiving the money, who don't need a bank card

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Categories: Mobile & Wireless
Companies: BBVA
Countries: Latin America
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