December 26, 2008

Nexxo Bill Pay Kiosk adds money transfer

In depth article on new bill pay kiosks from Nexxo along with market statistics. This is one of the new TIO interations and the in-depth article is posted on

"The remittance market was part of our initial thinking, but our customers steered us a lot quicker to where we wanted to go," says Alvarez, a former president of San Francisco-based credit-card issuer Providian Financial Corp., which was sold to Washington Mutual Inc. for $6.5 billion in 2005.

Considering the size of the remittance market, it's no wonder Alvarez was eager to switch gears so quickly. The remittance services market to Latin America and the Caribbean is expected to reach $67.5 billion in 2008, according to the Inter-American Development Bank, or IDB. From Texas alone, $4.3 billion in remittances were sent to Latin America this year.

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Posted by staff at December 26, 2008 08:49 AM