The user can generate a money application directly from Zigi to any telephone number in the United States. Once sent, the application has no expiration date as long as the number associated with the Zigi account is not modified.
Thanks to blockchain technology implemented by Sukupay, the accreditation of the funds is done in seconds, 24 hours a day, every day of the year. Shipments made through Sukupay offer better change rates and considerably lower commissions than the other options that exist in the market.
“Zigi was born 20 months ago and since then it has come in its phase of transformation and evolution with the support of Banco Industrial, it is the vertical of technological innovation that leads us to a level quickly and simply, to generate disruptive solutions such as the one that is presented now. Today more than ever migrants in the US are in a complex process and it is increasingly difficult to send money to their relatives. Efficient, Zigi creates this product to boost a new channel and to accompany people with remittances to give them certainty and security, ”said Michel Caputi, strategic alliance manager in Banco Industrial.
To access the funds, users must have completed the verification process in Zigi. In addition, in case of a change of telephone number, the new number is automatically linked to the user’s account, guaranteeing continuity in receiving funds.
Sukupay allows the senders in the United States to send money without downloading additional applications. Simply enter the Sukupay.App portal, register an American telephone number and follow a brief validation process. Once completed, money can be added to the Wallet Suku by debit or effective card. For cash recharges, it is necessary to generate a barcode after completing a KYC form and presenting itself in an authorized store, such as Walmart, CVS Pharmacy, Dollar General, Walgrens, Ralph’s, Kroger, Rite Aid, Office Depot, Officexx and Love’s. Cash recharges have an average cost of USD $ 4.50, while those made by debit card have no cost.
Currently, there are recharge points in 21 of the 50 states of the United States, including California, Florida, Texas, Illinois, Maryland, Massachusetts, among others. It should be noted that, although a user in Guatemala can register in Sukupay, he will not be able to carry out entry or withdrawal of funds directly. It is through Zigi that Guatemalan beneficiaries access the funds sent from abroad.
Applications can be sent at any time of the day, and the reception of funds is also available 24/7, thanks ạ Sukupay and Industrial Bank technological infrastructure. There is no cost for generating a request, the sender assumes the commissions when adding funds. In addition, shipping limits are defined by Sukupay to comply with money laundering prevention regulations. For receptors, a limit of two transactions per day has been established, fifteen per month and a maximum of USD 3,000 per transaction.
Zigi represents a significant advance in the way of sending and receiving money between the United States and Guatemala, with a digital, safe, efficient proposal and up to 67% cheaper than traditional methods. Its design adapts to the current needs of users, providing a reliable and modern alternative to send remittances.