Profeco. Western Union and MoneyGram, the worst remittance companies

Mexico City /

That stated the federal public prosecutor’s office (Profeco) the worst option Mexicans have living in the United States and sending dollars to their families in Mexico in early 2021 is Western Union, because the commission they charge is the highest that the companies handling money transfers have.

The head of the organization, Ricardo Sheffield Padilla, remembered that an average of USD 350 is sent to Mexico from the US, where the best option in 2020 and early 2021 to conduct account and cash transactions is Ulink and Ria Money Transfer.

“The remittance companies those were the worst of last yearFor the countrymen to keep in mind, the countrywomen, so they don’t send it that way, are the ones who receive the fewest pesos for their dollars, the worst deposit option on account are MoneyGram and Xoom; instead of cash, Western Union and Xoom are the worst options, ”he noted.

He recalled that in 2018 a total of 33 thousand $ 677 million was received; While in 2019 it rose to 36 thousand $ 439 million and in 2020 the figure and record of $ 40 thousand 607 million; “This is an increase of 21 percent from 2018 and an increase of 11 percent from 2019.”

“To receive the money Telecom is the one with the most branches one thousand 217, which covers more municipalities; Oxxo has the best hours, open from 6am to 10pm, with 19,146 branches in 1,040 municipalities; Elektra, Walmart and Caja Popular Mexicana offer theft insurance as an added benefit, ”he said.

AMP

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