| Three Firms Combine on Cellphone Remittances, Target Latinos |
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| Monday, 31 March 2008 | |
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By Cecilia Kang Sending money back home? Just press "talk." That's what Western Union, Radio Shack and the small wireless carrier Trumpet Mobile hope millions of Hispanic immigrants will do with a new service announced yesterday. Though financial turmoil has put credit card, mortgage and auto markets at a standstill, the flow of money immigrants send overseas continues to increase. In 2007, $65.5 billion in remittances were sent to Latin American and Caribbean nations, up 7 percent from the previous year, according to the Inter-American Development Bank. READ MORE: http://www.washingtonpost.com/wp-dyn/content/article/2008/03/31/AR2008033102512.html |
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