#United States #Los Angeles #Mobile Wallet #AccessMás #Coppel Access

AccessMás: Empowering Latino Communities through Financial Services

Coppel Access has officially rebranded to AccessMás, marking a significant transformation aimed at better serving Latino communities in the U.S. The launch of AccessMás introduces a mobile wallet application designed to facilitate not only money transfers to Mexico but also to manage personal finances effectively.

Meeting Unmet Needs

Through extensive market research, including interviews with temporary workers across sectors such as agriculture and construction in California, AccessMás discovered that many Latino individuals were losing substantial amounts of their earnings through high fees for check cashing and remittance services. To respond to these challenges, AccessMás has designed a user-friendly platform that narrows the gap between traditional banking and the needs of those who lack direct access to financial services.

Competitive Remittance Options

AccessMás primarily seeks to cater to those in the Latino community without adequate banking services. One of its standout offerings is the 'Remittance-Only' account, which allows users to send money easily to six countries in Latin America: Mexico, Colombia, El Salvador, Guatemala, Honduras, and Nicaragua. This account option can be opened within minutes without the need for U.S. identification, making it particularly accessible to undocumented individuals or those who may not have traditional bank accounts.

Funds can be transferred swiftly, with recipients able to pick up money at over 10,000 locations including popular outlets like Elektra, Oxxo, and BanCoppel. Furthermore, options for receiving money into digital wallets such as Mercado Pago and Bankaya enhance the flexibility of this service.

Comprehensive Banking Alternative

For users pursuing a more extensive banking experience, the 'Full Wallet' account option is also available. This account includes a free Visa™ debit card, enabling users to make purchases, withdraw cash from ATMs, and manage their money within the United States. Deposit options are also varied, allowing users to fund their accounts via cash, checks, direct deposits, or popular P2P platforms such as Venmo and PayPal. By using valid identification from their home countries, users can avoid the complications often associated with needing U.S. ID.

A Much-Needed Solution

The creators of AccessMás understand that financial literacy and access are crucial for Latino workers, many of whom send funds back to their families in Latin America. “Our main objective since the inception of AccessMás has been to offer a secure and easy-to-use platform for the Latino community who do not have access to traditional banking in the U.S.,” said Moisés Lozano, Chief Technology Officer of AccessMás. “With this launch, we are expanding our remittance services to more Latin American countries while also providing a critical banking alternative for Latinos here.”

The AccessMás application is designed to be bilingual and straightforward, ensuring that its interface is accessible even to those who may not be technologically savvy. Available for both Android and Apple devices, the app can be downloaded immediately from the app stores.

Conclusion

In summary, AccessMás represents a pivotal shift in how Latino communities in the U.S. can manage their finances. By alleviating the burdens associated with transferring money and providing viable banking solutions, AccessMás empowers users to retain more of their hard-earned income. For further details, users can visit AccessMás or follow their social media pages on Facebook and Instagram @AccessMas.