Alliance to Capture Remittances to El Salvador

Fedecrédito joins Wells Fargo in order to capture a greater market share of remittances between the U.S. and the Central American nation.

Wednesday, February 22, 2012

"We believe that our Salvadoran population living abroad, will appreciate having adequate access to services, enabling them to send money home quickly and safely, with a network of branches with a presence nationwide", said Macario Armando Rosales Rosa , president of Fedecrédito.

ElSalvador.com reports that the goal of Fedecrédito, which has 125 service points throughout the country, is to capture 30% of remittances sent to El Salvador in a maximum of 10 years.

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