Sharemoney, a subsidiary of Omnex Group, has launched its online money transfer service to Paraguay, enabling Paraguayan immigrants living in the US to send funds back home.

Charges for transferring money start at $4.99 with no exchange rate, the company said.

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Sharemoney added that it works with major banks and payout networks in Paraguay to ensure optimum security.

Omnex and its Sharemoney service offer money transfer options to over 41,000 payout locations around the globe. They enable people in the US to send money to friends and families in several countries, including Brazil, Colombia, Dominican Republic, Ecuador, El Salvador, Guatemala, Mexico, Peru, the Philippines and Vietnam.

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