Microfinance International enter strategic alliance with Guatemala’s Banco Industrial
Microfinance International has entered a strategic partnership with Banco Industrial, a Guatemala-based commercial bank, to jointly serve transnational families in Guatemala.
According to Microfinance, the partnership will encompass a range of services to meet diverse financial needs of transnational families comprising remittance senders in the US and recipients in Guatemala.
The two parties will first build a remittance platform connecting Banco Industrial and Arias, Microfinance’s money transfer solution.
Original source: Banking Business Review