RevoluPAY & BBVA partner for providing remittance services in 15 countries in Latin America

By Pavithra R

RevoluPay, the wholly-owned subsidiary of RevoluGROUP Canada, a publicly listed company on the Toronto Stock Exchange, has announced that the company has entered into an agreement with BBVA Transfer Services (BTS), to offer its customers fast and reliable family remittances to fifteen countries in Latin America.

BBVA Transfer Services (BTS) offers processing, monitoring, settlement, and aggregation between originating and paying entities through its proprietary platform. Its transaction processing platforms are designed to connect and interact seamlessly with clients’ systems enabling the company to offer a variety of services through different channels and technologies.

Through the partnership, RevoluPAY will get integrated into BBVA Transfer Services’ cross border payment network which is expected to enable RevoluPAY family remittances to reach more than 72 payment entities in 15 countries including Brazil, Argentina, Colombia, Mexico, Dominican Republic, Panama, Bolivia, Guatemala, Nicaragua, Peru, Ecuador, Paraguay, El Salvador, Uruguay and Honduras. RevoluPAY customers will have the option to have their recipients receive their remittance payments either through deposit to an account at selected banks or in cash at over 65,000 points of payment locations throughout LATAM.

“We are thrilled to embark on this partnership with BBVA Transfer Services, one of the most trusted companies in the industry. BTS brings two-decade strong experience in cross-border payments, innovation, backed by profound industry expertise, an ever-evolving network, and a state-of-the-art compliance framework to this collaboration. We look forward to exploring new possibilities to scale the capabilities of this promising partnership, which reflects our mutual commitment for excellence and customer satisfaction,” said RevoluPAY Director Alfredo Manresa.

RevoluGROUP is a multi-asset, multidivisional PSD2 Central Bank licensed publicly-traded company deploying advanced technologies in various sectors. Its flagship technology is RevoluPAY, the Apple and Android multinational payment app and linked Visa Card.