Viamericas Corporation, an international, licensed remittance company, has joined as a founding member of the new Financial Inclusion Consortium for Central American Remittances (FICCAR) launched by the Partnership for Central America (PCA) to support the mission of increasing financial inclusion for people in Central America. As part of the consortium, Viamericas is pledging to increase the number of remittances sent directly to bank accounts by 20% over the next five years.

Viamericas provides international money transfers at over 5,000 locations across the United States. Customers send money safely, quickly and affordably from the United States to more than 80 countries using the Viamericas money transfer platform. The company has supported customers’ long-term financial health and security for over two decades, emphasizing Central America.

“Making it easier for consumers to send remittances directly to bank accounts instead of cash distributions encourages savings that can better secure their families’ futures,” said Paul Dwyer, Co-Founder and CEO of Viamericas. “As industry leaders in international remittances, Viamericas is honored to commit to the FICCAR initiative to advance financial inclusion in Central America.”

FICCAR’s mission is to collectively advance financial inclusion in El Salvador, Guatemala and Honduras. In this region, only 40% of adults have a bank account. Greater participation in the formal financial system helps households build assets and small businesses to grow. Direct-to-account remittances reduce the cost to the sender and increase the security of the funds arriving at the receivers.