PRZOOM - /newswire/ -
Doral, FL, United States, 2010/02/01 - Construcentro a leading national home improvement chain in Guatemala partners with regalocard enabling Guatemalans to avoid costly money transfer fees.
RegaloCard, an innovative mobile payments company that has developed a free and instant replacement to costly money transfer services, continues its expansion in Guatemala announcing today that Construcentro the leading national home improvement chain has joined the RegaloCard Mobile Payments Network.
Construcentro provides a full array of the building products Guatemalans need and has a national footprint across Guatemala, one of the largest money transfer markets in Latin America with $4.1 Billion sent in 2008 alone. Construcentro is a great addition to the RegaloCard mobile payments network as here immigrants can avoid costly money transfer fees and assure that their families can purchase a wide variety of the products they need for their building or repairing their homes.
“Billions of dollars yearly are sent to Latin America for building, repairing, or maintaining homes by US immigrants from the region and Construcentro is like the Home Depot of Guatemala allowing consumers to purchase all the items they may need for home construction or improvement,” stated Gregory Keough Chairman and CEO of RegaloCard. “Many immigrants in the US send money back home to fix up their home or to build their home with the hopes of returning to their home country one day, now immigrants can accomplish this without having to pay the costly money transfer fees charged by traditional money transfer companies. Construcentro is the leading home improvement store in Guatemala and a great addition to the RegaloCard mobile payments network.”
RegaloCard for the first time is empowering the US Hispanic community and allowing them to avoid the hundreds of millions of dollars spent yearly on money transfer fees while controlling how the money they send back home is spent. RegaloCards are available in denominations as small as $10 from the best known retail brands in country allowing consumers to choose from brands they know, love, and have grown up with in their home country. RegaloCard currently operates its free and instant replacement to money transfer services in El Salvador and Guatemala, two of the largest money transfer markets in Latin America, with $8B billion a year in money transfers, and is expanding rapidly to additional countries.
RegaloCard (regalocard.com), is an innovative mobile payments company that has developed a free and instant alternative to costly money transfer services. RegaloCard uses a proprietary mobile payment technology to allow immigrant groups to instantly send their relatives back home what they need absolutely free. RegaloCard is a prepaid gift card that immigrants can buy in the United States, but is delivered instantly to the person chosen in the immigrant’s home country, to make purchases at leading local retailers. The RegaloCard service works with any mobile phone and carrier worldwide and is the best way for immigrants to send their families the things they need. While initially focusing on the US Hispanic market, RegaloCard plans to expand the service to other regions that have a high level of immigrants residing in the US.