The migration of Peruvian students to Colombia, Chile and Spain, as well as the increase in imports of different products, were key factors for positioning in sending remittances. According to Global66, a Latin American remittance fintech, during the first quarter of 2024, Peru showed a growth of 126%
“With a strong emphasis on education, these transfers not only highlight the commitment of Peruvian families to academic and professional development, but also reflect the importance of maintaining economic and emotional support across borders,” said María José. Artacho, country manager of Global66 in Peru.
Regarding business shipments (B2B), these registered a significant increase: 90% more than in the similar period of 2023. Faced with this, the country manager of Global66 in Peru stated that this demonstrates the adaptability and global vision of Peruvian entrepreneurs in seeking to satisfy internal demands and integrate into international value chains.
The study reveals that Latin America is increasingly integrated into the global economy, since The total amount of remittances transferred from said market through Global66 amounted to US$165 million, which reflects a growth of 52.8% compared to the previous year.
“The increase in the volume of money transacted is a reflection of global interconnection and a testament to trust in digital financial solutions that offer security, speed and transparency,” explained Tomás Bercovich, CEO of Global66.
Source: Larepublica
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