NAHICA and MAJORITY, Migrant Neobank Leader, Partner to Provide Free Calls, Banking and Remittances to Migrants

MAJORITY will become an official banking, calling and remittance service for the National Hispanic Contractors Association in Texas, providing tailored resources and personalized services


NAHICA
National Association of Hispanic Entrepreneurs

HOUSTON – February 10, 2022 – (Newswire.com)

The National Hispanic Contractors Association (NAHICA), the largest reference of Hispanic construction employees and contractors, announced its partnership with MAJORITY, a leader in mobile banking for migrants in the United States. Both champions for migrants living and working in America, NAHICA and MAJORITY aim to work together to serve the Hispanic community with services such as advance direct deposits, free international money transfers to Mexico up to a set amount, and rebate and cashback programs with the use of a MAJORITY Visa debit card.

MAJORITY will continue to support NAHICA’s mission to help Mexican and Hispanic communities become more established, informed, and exposed to opportunity in the United States. On the heels of the latest Series A funding news of $27 million from MAJORITY, the partnership will help further strengthen NAHICA members in their Texas. region with services such as FDIC-insured accounts accessible with no overdraft fees, no-fee payouts, reduced international calling costs, and the ability to send mobile credit to family and friends back home.

“MAJORITY’s services are essential for the Hispanic construction industry; especially the direct deposit feature,” said Sergio Terreros, Media, President of Hispanic Marketing Agency at NAHICA. “Now our members can access their money securely, minimizing theft and loss of hard-working wages. We are delighted to have them as a service partner for NAHICA members. »

In late 2021, MAJORITY began expanding its services to migrants who do not have U.S. documents or Social Security Numbers (SSNs), to further ensure that these underserved communities have access to vital financial resources. MAJORITY’s migrant-focused resources, including remittances, international calls and banking, will help support Hispanic and Mexican communities in America by meeting their unique needs and easing the burden of transitioning to a new country. Additionally, members will enjoy a sense of belonging through the company’s local meeting spaces, events, and library of community-focused information resources, all in Spanish to help meet the needs of the public. by NAHICA.

“Our mission directly supports the NAHICA community, beyond traditionally established institutions that are less accessible to the nearly 50 million migrants in the United States,” said Magnus Larsson, Founder and CEO of MAJORITY. “Immigrants and minorities are at a disadvantage when settling in the United States, and this partnership with NAHICA Texas helps us expand our community and serve more Latino, Mexican, and Hispanic communities with resources specifically tailored to migrants. “

Recognizing that a one-size-fits-all approach cannot be applied to over 180 unique migrant communities, MAJORITY has tailored its offering to each specific community and has hired local counselors to integrate and support each community in their native language. Individuals who do not have the official documents required in most banking institutions (i.e. Social Security card, Tax ID, Green Card, Visa passport or ID valid American) can use MAJORITY as an intermediary to establish themselves financially, by registering only with an international government. – Issued ID and proof of US residency. The company will continue to establish its availability and broadcast meetups nationwide throughout 2022.

ABOUT NAHICA

Aim to firmly establish Hispanic contractors as a preferred partner choice across industries for manufacturers, residential and commercial builders by helping the Latin construction community connect, grow and be properly resourced to achieve the support from established businesses.

ABOUT THE MAJORITY

MAJORITY is the first mobile banking service dedicated to serving the world’s most ambitious people, migrants. For $5 a month, MAJORITY members in the US receive an FDIC-insured account, Visa debit card, use of over 55,000 ATMs in North America, remittances and international calls , in-person mother tongue counselors and access to our network of community meetings. -up spaces, local discounts and events. With MAJORITY, there are never any overdraft fees or minimum balance requirements. MAJORITY was started by a diverse team of banking, fintech, payments and telecommunications executives serving migrant communities around the world for the past 15 years. Visa debit card is issued by Axiom Bank NA or Sutton Bank, Members FDIC, pursuant to license from Visa USA Inc.

NAHICA PRESS CONTACT: Sergio Terreros [email protected]

MAJORITY PRESS CONTACT: [email protected]

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NAHICA and MAJORITY, Migrant Neobank Leader, Partner to Provide Free Calls, Banking and Remittances to Migrants

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