Pickup services in Chile enables family members to boost their income quickly
With the strongest sovereign bond rating in all of South America, Chile is a shining example of how a country with a good economy can thrive. A significant percentage of its robust financial system is thanks to the goods and services it exports, and because Chile signed a free trade agreement with the United States several years ago, both countries have continued to establish themselves on the world stage.
But something else that’s helped Chile succeed economically is remittances, as many people who originate from there send money online to their loved ones at home after taking a job in a country overseas.
Government statistics from the Central Intelligence Agency indicate that about 13 percent of Chilean expatriates around the globe live in the U.S. The opportunities they get here enable them to make an international wire transfer to family members who may not have a job, or who have one but need a little extra to supplement their income.
As a Xoom customer, there are a variety of ways in which to have your online money transfer delivered to your recipient, but one of the quickest ways is through cash pickup. With 172 pickup locations in a country that’s roughly twice the size of Montana, Chileans have a variety of locations they can turn to, as they’re bound to live near at least one, whether it be AFEX, or Abcdin. Abcdin is open seven days a week, Monday through Saturday from 10 a.m. to 8 p.m. On Sunday, hours are from 10 a.m. to 7 p.m. Meanwhile, AFEX is open 9 a.m. to 6 p.m. Monday through Friday and from 10 a.m. to 2 p.m. on Saturday.
Money that’s sent with Xoom is normally available within 15 minutes, so there’s little to no wait time. And because these locations are open on the weekends, family members can obtain their money any day of the week, whenever it’s most convenient for them.
Also, with different forms of currency accepted by retailers and businesses, the money that’s sent can be picked up as either U.S. dollars or Chilean Pesos, depending on what the sender decides. The convenience of being able to pay cash can be a significant benefit for family members who need to purchase necessities, pay rent or settle other costs they may be facing.