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Hispanic markets - Money remittance habits among South Florida’s Hispanics

Published by: Statmark LLC

Published: Dec. 1, 2005 - 16 Pages


Table of Contents


Incidence of senders - by home country

Means used for sending remittances

Profile of money senders to Latin America

Major considerations in selecting a remittance service

Frequency of remittances

Monthly average amount per transaction

Usage given to remittances at destination

Abstract

Latin Review is an ongoing survey undertaken by Statmark - Florida among first generation Hispanics living in the United States. The publication provides information on demographics and consumer behavior across a broad variety of topics such as communication, internet usage, money remittances, financial services, property ownership and credit and media habits, among others. Latin Review 2006 is the latest release of this publication, showing the findings of 420 South Florida Hispanics from Central America, South America and the Caribbean. Demographic analysis for key nationalities (Venezuela, Colombia, Peru, Argentina, Mexico, Cuba, Central America, and other South American countries) is made across all topics surveyed.

Latin Review 2006 is the second edition of this survey, directed and executed by StatMark market research, which studies Hispanic markets in the US and key Latin American markets.

Hispanic markets - Report on money remittance habits among South Florida’s Hispanics -
The publication provides key information on the remittance business, how are remittances made and who the key recipients are. Findings show that 30% of South Florida´s Hispanics surveyed send money to their home country. The top choices for remitting funds include global money transfer services and funds transferred through persons traveling to their home country. However, one out of five Hispanics surveyed is sending money through banks.

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