The network currently spans 95 countries worldwide, with Viamericas maintaining over 300,000 payout locations in partnership with more than 2,700 banks and 107 mobile wallets globally.
Latest efforts to expand to this network include partnerships with Kori Global Services in the Ivory Coast, 24Xoro and Paisamex in Mexico, and Victoria Mutual Group in Jamaica, the majority of which were formed last year.
In comments, Viamericas executive chairman and co-founder Joseph Argilagos indicates a future expansion strategy led by strengthened long-term deals with banking partners. Prior fundraising efforts have not been publicly disclosed, although FinTech Futures understands that Global Brain and Hard Yaka are also among the company’s institutional backers.
Since 1999, Viamericas has facilitated over 100 million international money transfers, primarily serving immigrants sending money to family abroad. The company has diversified its offerings to include domestic transfers, bill payments, cheque cashing, and mobile top-ups through both physical agent locations and its digital platform, Vianex.
The company, led by CEO and co-founder Paul Dwyer, notably won the award for Best Business Payments System – Cross-Border and Remittances, at the Paytech Awards 2023, hosted by FinTech Futures.
Source: https://www.fintechfutures.com/
