Moving money across country lines is rarely easy or cheap, and that’s especially true in countries with large un- and under-banked populations, like Mexico. In a country where 60 percent of people choose not to bank due to a cultural mistrust of financial institutions, how...
BillMo, a U.S.-based company providing a low-cost money transfer and mobile wallet application, is now the No. 1-ranked free financial app in Mexico in the Google Play Store, surpassing all applications by leading financial institutions in the country. According to a press release, BillMo is...
With a $500 billion market opportunity and the proliferation of mobile devices among unbanked or underbanked consumers globally, the money transfer space is primed and ready for disruption. For BillMo, that disruptive remittance model revolves around one thing — delivering value. It’s no longer enough to...
Cross border flow of money is going to continue no matter what the political climate. Maybe the pie won’t grow as quickly as some might expect, but for firms enabling the movement of money from one wallet to another, the pickings should be plentiful. BillMo...
May 18, 2018
In countries like Mexico, where consumers generally distrust the financial services sector due to corruption in the traditional banking model, cash habits die hard. There is a sense of confidence and trust that cash can offer that, at least in their experiences, digital and formalized banking cannot. Cash is a physical guarantee of value, tangibly […]
March 14, 2018
Moving money across country lines is rarely easy or cheap, and that’s especially true in countries with large un- and under-banked populations, like Mexico. In a country where 60 percent...
March 20, 2017
Cross border flow of money is going to continue no matter what the political climate. Maybe the pie won’t grow as quickly as some might expect, but for firms enabling...
March 07, 2017
Traditional remittance services tend to focus solely on the sender — onboarding as many senders as possible and charging fees on the money sent to drive revenue. But BillMo is...
July 13, 2017
BillMo, a U.S.-based company providing a low-cost money transfer and mobile wallet application, is now the No. 1-ranked free financial app in Mexico in the Google Play Store, surpassing all applications by leading financial institutions in the country. According to a press release, BillMo is also ranked 25th overall in Mexico in the free category […]
