Last updated on July 26th, 2023 at 02:06 pm
In recent years, the number of Colombian immigrants that work and live in the United States to send money to their loved ones back home has grown exponentially. In 2017 alone, Colombians in the United States sent more than 5 billion dollars back to Colombia. Yes, that’s billions with a b.
This figure is relevant for many reasons: in the first place it represents the sacrifice and contribution these immigrants make for their families. It also represent an incredible influx to the Colombian economy. The amount of remittances received by Colombia last year surpassed the amount of money from coffee exports during some quarters.
At Remitly we are extremely proud to provide a versatile, quick, and mobile-friendly money transfer service to the Colombian community in the United States. Since we launched our service, we’ve learned many interesting facts that illuminate the reality of the Colombian community in the United States.
Our Colombian users are divided in half in terms of gender: 50% are women and 50% are men. The majority of users shared with us that the main reason they send money back to Colombia is so that their families can cover their basic needs.
The cities in the United States from which more money is sent back home are: Miami, Orlando, Chicago, New York and Tampa, while the cities in Colombia that receive the most money are: Bogotá, Medellín, Cali, Barranquilla and Pereira.
Remitly is always thinking of ways that can make sending and receiving money easier for our users. That is why through the Transnetwork network we have partnered with Grupo Exito, the largest retailer in South America. This partnership includes Grupo Exito’s extensive network of Carulla and Super Inter stores. This means that Remitly customer will now have over 500 retail locations in Colombia that will now provide cash payouts and offer extended collection hours, making it more convenient for recipients to receive their money.
How do I send with Remitly?
- You can download our app in the App store for iOS, on Google Play, or go to Remitly.com and create an account using your email address.
- Choose how fast you want your money to arrive and select your pick-up location or if you want to send money directly to a bank account.
- Enter the amount of money you wish to send and enter your recipient’s information.
- Push the SEND button!