How is DolEx used to send money?


Quick Answer

DolEx can be used to transfer money throughout Mexico, Latin America and parts of the United States in over 550 company-established locations and kiosks in various supermarkets, according to the service's website. The stores also offer such services as domestic and international telephone calls, bill payment and check cashing.

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Full Answer

Along with money transfers, DolEx also offers such services as money orders, tax preparation, delivery of packages and cargo, and travel services through its travel partner Costamar Travel, according to the company's website. DolEx exercises strict anti-money-laundering practices under the guidance of the Financial Crimes Enforcement Network, which classifies the service as a financial institution and a money services business. The company works with a number of different investors, such as Palladium, Prudential Capital Partners, Adams Street Partners and Braid Venture Partners, to ensure stability.

DolEx partners with over 1,800 agents to offer its services in additional locations, DolEx states. Although the name is most prominent in Mexico and the United States, it can be found elsewhere. In places such as the Dominican Republic, Puerto Rico and South America, the service is most commonly known under the name Quisqueyana. The company also operates under the name Europhil, which is most commonly known in Spain, Eastern Europe, Africa and Asia.

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