Western Union faced criticism for high fees and hidden taxes while Gabriel Jimenez helped rebuild remittance concepts in Latin America.
3 reports, 3 independent
Updated Aug 1
Gone quiet
- Reports
- 3
- Developments
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- Repetition
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New informationRepeats or wire copies
AI-generated analysis. Brind wrote this summary from the reports listed below. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.
What happened
Western Union faced criticism for high fees and hidden taxes while Gabriel Jimenez helped rebuild remittance concepts in Latin America.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.New US policy imposes 1% cash transfer fees, leading Mexico to use Visa to circumvent the charges.1 source
- Visa and the World Council of Credit Unions launched a remittance pilot in Guatemala, connecting members to local credit unions.Sub-event
Western Union's remittance services in Guatemala criticized for high fees and taxes.1 source
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The entities involved
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Guatemala
sovereign state in Central America
- The Organization of American States (OAS) is currently gathering to address and resolve political crises in several member states, including Haiti, Venezuela, Guatemala, and Nicaragua.
- On January 1, 2025, Donald Trump discussed international issues including Iran, Ukraine, and US-Russia relations while in Guatemala.
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Western Union
American financial services and communications company
Related events
Coverage
Newest first; wire copies grouped- zerohedge.com
- latintimes.com
- TheStreet'Your bank won’t do this': How UglyCash is redesigning remittances for the people I grew up hearing it constantly. My parents — Mexican and Guatemalan — talking about Western Union. The fees, the wai