2024-07-24 22:27:05
Las remittances They are an important source of economic income for thousands of families in Guatemalahelping to cover basic needs such as food, housing, health, education, among others. They are donated by Guatemalans who have traveled to different countries abroad to find more lucrative opportunities, collaborating with the development of their communities and the region. Discover the impact that this activity has on our country!
Family remittances have contributed to economic stability in Guatemala
According to the World Bank, global remittances grew by 0.7% in 2023, reaching around USD$656 billion. That same year, almost USD$20 billion to Guatemala in the form of remittances, making our country the second largest recipient of remittances in Latin America and the Caribbeanafter Mexico.
At the microeconomic level, this flow of foreign currency helps the country create stability in family finances, reducing poverty and softening the effects that future economic crises could cause. By relying on such beneficial income as remittances, thousands of families in the region can focus on opening small businesses or even continuing the studies of their youngest members.
Despite not being entirely dependent on this income, many Guatemalans find great economic relief in receiving remittances from loved ones living in other countries. By the end of 2024, it is estimated that the amount received in remittances in Guatemala will exceed USD$20 billion.
How many people contribute to the remittances that enter Guatemala?
According to 2016 data released by the UN Regional Office for Central America, North America and the Caribbean at the International Organization for Migration —IOM—, it is estimated that there are more than 2 billion Guatemalans living abroad. On the other hand, there are approximately 1.5 billion households benefiting from remittances in the country, managing to surpass the poverty line thanks to the efforts of family and friends who contribute to their finances on a monthly basis.
In addition, the Ministry of Public Finance reported that the foreign currency sent by Guatemalan migrants currently represents around 20% of the country’s Gross Domestic Product. This constant source of income has generated a significant impact on the way the population behaves economically, energizing their behavior and encouraging development.
Zigi allows you to collect remittances and make easy and secure transfers
Transacting money across borders on a monthly basis can become a concern for both senders and recipients. Zigi allows you to make transfers and receive remittances easily and safely.
How cool! Zigi has developed an ecosystem to transform your life, facilitating the process of collecting a remittance without filling out forms or leaving home. Through its free mobile appthey provide you with the tools you need to send and receive money. They also allow you to pay in different places in a simple and secure way.
This platform is supported by more than 20 remittance housesas well as Banco Industrial, one of the largest and most important financial institutions in the country. This means that collecting your remittances sent to Banco Industrial becomes easier, since you will not have to visit a branch in person, or speak to anyone.
All you need to use Zigi is your smartphone, an email address, your DPI and a mobile number. It is important that you are of legal age to be a user! Visit zigi.app for more details.
Transform the way you handle money! Zigi also offers you the chance to play their Zigi Roulette and Earn up to Q1,000 when collecting your remittance. Well, then, watch out!