Remittances and the Hispanic M
Remittances and the Hispanic Market.According to the 2000 Census, there are 32.8 million Latinos residing in the U.S., which means that one out of eight people (or 12 percent) is of Hispanic origin. And, to be more specific, 66.1 percent of the Hispanic population is of Mexican heritage.Remittances from Mexicans in the USA to their families in Mexico are not only a factor in the development of the economy of their country, but more importantly, represent an economical support for this families and sometimes their only way of survival.With an exponential growth, remittances now represent one of the most important sources for currencies to Mexico, as it stands in fourth place in this country income after Petroleum, International Investments and Tourism.The calculation of this total considers electronic transfers, cash, telegraphic transfers, money orders and personal checks from American Banks that are cashed on Mexican Banks as well as an estimation of transfers in cash.The graphic represents the increase in remittances over the past 15 years, as the Mexican population grows in the United States so does the amounts of transfers in 2002 the Mexican government registered 29.9 million transactions from families,
In an strategic alliance this company held hands to Grupo Elektra a specialty retailer and financial-services company. They operate some 900 stores in four countries, selling goods and services through Elektra, Salinas & Rocha and Bodega de Remates stores. For all this PROFECO launched a program named "The Who's who in the money transfers from the United States to Mexico" they claim than since the development of the program the cost for transfer has been reduced, from almost 20% of the amount sent that was charged before.
Common topics in this essay:
Dollars Growth,
United Mexico,
Electronic Transfers,
Hispanic Market,
Consumer Mexico,
Intercuenta Express,
Mexican Banks,
Mexico CONDUSEF,
Mexicans USA,
Grupo Elektra,
100 100,
100 100 100,
money transfers,
send money,
hispanic market,
percent hispanic,
spanish language,
electronic transfers,
western union,
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grupo elektra,
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Acceptance Essays
