Remittance Business Background

Over the past decade, remittances have been increasing steadily. The World Bank estimated that, in 2005, the total value worldwide was over USD 230 billion dollars, involving some 175 million inmigrants. For some individual recipient countries, remittances can be as high as a third of their GDP. Remittances also now account for about a third of total global external finance; moreover, the flow of remittances seems to be significantly more stable than other forms of external finances.

The beneficiaries of this important industry are mainly migrants who do not have bank accounts, and who must also pay high costs to send money anywhere in the world.

Remesa Global® Card offers customers a solution with more features than any other money remittance card on the market, at a very low cost.

Remesa Global® Card

A convenient, easy and secure stored value card, that allows you to:

• Send money to anyone in the world in real-time
• Access cash at 1,000,000 ATMs worldwide
• Purchase items or pay for services at tens of millions of retail locations worldwide
• Make inexpensive phone calls at your convenience
• Account information available online, at ATMs and through a toll-free number
• Reload as often as needed at participating locations

Features

• PIN Changes – The ability to change PIN as often as you like; even after every transaction. This security feature ensures that your PIN will not be compromised
• Card-to-Card Transfers – Transfer funds from your card to another ebsg® cardholder no matter where you are. Transfers are completed in real-time
• Card-to-Bank Transfers – The ability to transfer funds from your card account to any bank account
• Fraud Protection – The Transaction Authentication Value (TAV) is used as an extra fraud protection measure, sometimes requested when making purchases over the Internet. To enhance online security you may change the TAV on a transaction by transaction basis
• ATM withdrawal
• POS purchase power
• 24/7 (365 days) Spanish and English customer service
• Multi-currency load/withdrawal options
• Competitive rates on calls originating from the US. Other countries available soon
• Best currency conversion rate