Banco Paulista Becomes a Platinum Sponsor of IMTC Brasil 2012 Conference and Trade Fair in Sao Paulo

    MIAMI, FL, November 28, 2011 /24-7PressRelease/ -- IMTC (http://www.imtconferences.com) will host the first ever money transfer conference and trade fair in Brazil (http://www.imtcbrasil.com) in an effort to bring together international and Brazilian money transfer providers - Banks, Money Transfer Companies, Mobile Payment providers, Card Companies (Credit, debit, prepaid), internet based payment systems - to a country that is soon to become one of the largest money transfer markets in the world.

Banco Paulista is Brazil's premier Money Transfer Institution. As a Commercial Bank, it began operations in 1989. Soon after, Banco Paulista incorporated Socopa - Corretora Paulista, which was founded in 1967. The bank provides all types of Foreign Exchange Services, including the sending and the payment of remittances, to and from an ever growing number of countries in the world. In just a few years Banco Paulista has been able to solidify its position in the Money Transfer Industry by establishing correspondent relationships with most of the major money transfer companies in the world.

Hugo Cuevas-Mohr, Director at IMTC said: "We are honored to have BANCO PAULISTA as one of our platinum sponsors in our first conference in Brazil. We are glad that the industry has embraced this effort to start a yearly conference in the fastest growing money transfer market in the continent: Brazil. With the growing migration to the country, the booming economy, the World Cup in 2014 and the Olympics in 2016, we are sure that the trend will continue for years to come."

Currently, if all the remittances arriving in Brazil were duly reported to Banco Central, Brazil would be among the 15 largest money transfer markets in the world, along with Egypt, Indonesia and Vietnam, which each receive more than 7,000 million dollars a year from their migrant communities overseas. There is a worldwide effort coming together to help private and public institutions to make sure that all money transfer companies in the world offering remittance services to Brazil certify that the funds being paid in the country are being handled by licensed entities appropriately reporting to the Central Bank.

This is the reason why ABMTransf (www.abmtransf.com.br), the Associaca Brasileira das Empresas Prestadoras de Servicos de Micro-Transferencia de Dinheiro and ABRACAM (www.abracam.com), the Associacao Brasileira das Corretoras de Cambio, were immediately supportive of the plans of IMTC to develop the conference in Sao Paulo. Both associations have worked hard to create awareness of the need to formalize the Brazilian Money Transfer Market. Banco Central do Brasil, with the help of the Interamerican Development Bank - MIF and CEMLA, the Center for Latin-American Monetary Studies, are working together to modernize the regulations, the controls and the supervision of the market, while also working hand-in-hand with COAF, the Conselho de Controle de Atividades Financeiras and local and international law enforcement agencies. Recent gatherings in Brasilia in May and in Salvador, Bahia are part of this ongoing effort.

Emilio Garofalo Filho, Director of CAMEX, the Chamber of Commerce of the Brazilian Government, is one of the conference's most avid supporters: "With the economic growth of Brazil, the evolution and the opening of its payment systems to the world is inevitable, as is the growth of money transfers, foreign exchange services and the international movement of currency; at the same time of establishing international standards at all levels. Financial firms in the country must modernize, professionalize and be more transparent, especially with the proximity of the World Cup 2014 and Olympics 2016 in Brazil. That is how the idea of bringing to Brazil IMTC in 2012, came about. The IMTC is an opportunity for international companies to know the Brazilian market and to make strategic alliances with Brazilian companies."

IMTC, International Money Transfer Conferences, is a joint undertaking of Mohr World Consulting (http://www.mohrworld.info) in partnership with the NMTA - the National Money Transmitters Association of the US (http://www.nmta.us) and Creative Solution (http://www.creativesolution.com.br), an event & marketing firm with more than 10 years of experience in the Brazilian Market. Besides the Brazilian conference, IMTC organizes IMTC WEST, an annual money transfer conference in Los Angeles in the spring, and IMTC MIAMI, the annual money transfer conference in South Florida in the fall.

Mohr World Consulting provides marketing, promotion and event organization services and partners with businesses, association, individuals to develop conferences, seminars, etc. For further information contact us at +1 786 238 7857.

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