nCard based solutions are one of the ideal vehicles for remittances in Latin America and the Caribbean in the
future
n
nThe near term effectiveness of this remittance vehicle
is limited by the following
factors:
uLimited ATM distribution in the rural areas
uIn major cities, ATMs are predominant in the business districts and somewhat limited in the residential low to
middle income
districts
uCard acceptance at retail consumer outlets in Latin
America is growing at a
incredibly fast pace. Distribution must
continue to grow.
uThe retailer’s costs associated with processing card transactions in Latin America requires further
analysis
uATM security and safety must be guarded in order to guarantee safety to the remittance recipient
n