BETHESDA, MD--(Marketwire - Nov 20, 2012) - A recent industry study released October 23rd by the Inter-American Dialogue provides a scorecard of remittance service providers, ranking Viamericas Corporation as #1. The report, titled "The Market for Money Transfers: Ranking of Remittance Service Providers in Latin America and the Caribbean," was conducted by a preeminent scholar of money transfer markets, Dr. Manuel Orozco, Director of the Remittances and Development Program at the Inter-American Dialogue, the leading U.S. center for policy analysis and communication on issues in Western Hemisphere affairs.
The study graded 37 leading remittance companies working in the US to Latin America and the Caribbean across 24 countries representing over 90 percent of all remittance flows from the U.S. to Latin America and the Caribbean. Remittance companies were graded on twelve indicators, including product offering, number of countries they operate in, cost, payment networks and consumer confidence. Viamericas earned the highest total point scores throughout the 12 categories.
Last year, Latin America and the Caribbean received roughly $65.9 billion from its expatriates, reaching an 8% growth in 2011. Remittances continue to be an indispensable support for millions of families in the region by helping them cover basic expenses such as food, shelter, and healthcare.
"We are pleased to be recognized for the second time as a top performing money transfer company," said Joseph Argilagos, Chairman and Co-Founder of Viamericas. "Viamericas has aggressive growth plans for the upcoming years and we will continue to provide the best services to our customers." Paul Dwyer, Co-founder and Chief Executive Officer of Viamericas, adds, "Viamericas has expanded over the last 12 years thanks to our dedicated employees, dependable agents, loyal customers, and our unparalleled network of payout locations. I'm extremely proud of our team!"
"Once again, the Scorecard in the Market for Money Transfers has revealed interesting results in this competitive market in Latin America and the Caribbean," states Dr. Manuel Orozco, director of the Dialogue's Remittances and Development Program. "We continue to see the importance of this industry and it comes as no surprise that Viamericas stood out again this year despite the amount of new players that are joining," concludes Orozco.
About Viamericas Corporation
Viamericas Corporation is a leading money transfer company in the Latin American market offering fast and secure remittance payment services at affordable prices. Viamericas' mission is to unite immigrant families and to help them achieve their goals by providing efficient international payment services and superior customer service. Headquartered in Bethesda, MD, the company's money transfer services include: agent based and on-line electronic funds transfers to payout agents, direct bank deposits and, in some markets, home delivery of funds. The company also provides check processing services and domestic and international top-up services. www.viamericas.com