Quippi Corporation is a social enterprise that allows immigrants in the United States to share their income with their friends and families in Mexico in a safe, secure, fast and fee-free way. Remittances tend to have a huge economic impact on the worldwide economy but especially on families in developing countries who are trying to make ends meet.
"Basically, instead of wiring money—and paying a hefty fee to do so–consumers send gift cards accepted by popular stores in Mexico that they buy without forking over extra money," said Forbes contributor Anne Field. "Also Quippi doesn’t hide additional charges through currency exchange rates."
Contact Information
Quippi website
Quippi on Facebook
Quippi on Twitter
Quippi on YouTube
Quippi on LinkedIn
Quippi on Google+
Key Themes Behind This Trend
- Remittance Innovation
- Quippi's fee-free remittance program revolutionizes the traditional money wiring process, presenting a disruptive opportunity in the remittance industry.
- Social Sharing Economy
- Quippi's income sharing model highlights the potential for disruptive innovation in the social sharing economy, providing a fair and ethical way for immigrants to support their families.
- Alternative Payment Methods
- Quippi's use of gift cards as an alternative to traditional remittance methods opens up the potential for disruptive innovation in the payment industry, reducing fees and hidden charges.
Where This Applies
- Remittance Services
- Quippi's fee-free program challenges the remittance industry norms, presenting a disruptive innovation opportunity for companies in the remittance services sector.
- Social Impact
- Quippi's social sharing model creates opportunities for disruptive innovation in industries focused on positive social impact and financial inclusion.
- Payment Solutions
- Quippi's use of gift cards as an alternative payment method presents a disruptive innovation opportunity for companies in the payment solutions industry, particularly in the realm of cross-border transactions.
