Bitso Pioneers Cross-Border Payments, Processing 15% of US-Mexico Remittances

Bitso's Remarkable Growth in Cross-Border Remittances

In the evolving landscape of digital finance, Bitso stands out as a significant player. From January to August 2026, this digital financial services company processed nearly 15% of all remittances sent from the United States to Mexico, a noteworthy achievement backed by the latest figures from Banco de México (Banxico).

The data reveals that Bitso managed to handle a staggering 14.7% of the remittances during this period, cementing its position as a leader in the burgeoning B2B payments sector. Unlike typical direct-to-consumer remittance services, Bitso serves as a foundational infrastructure, enabling remittance companies and various financial entities to transfer money seamlessly across borders.

The Role of Bitso in the Digital Economy

At the heart of Bitso’s operation is its innovative technology that utilizes digital assets and stablecoins to facilitate value transfer. This approach not only enhances efficiency but also reduces the challenges typically associated with international money transfers. Through its infrastructure, Bitso is transforming the way financial transactions are conducted, ensuring that money moves faster, more securely, and with lower friction.

Remittances play a critical role in Mexico's economy, representing about 4% of the country's GDP. Banxico reported that from January to August 2026, Mexico received an impressive $41.8 billion in remittances, reflecting a 2.2% increase compared to the previous year. Notably, a significant 99.1% of this influx, approximately $41.4 billion, came through electronic transfers, emphasizing the shift toward digital finance.

Bitso's Impact on the Financial Landscape

Looking back to 2024, Bitso estimated that it was already processing over 10% of the transaction volume along the US-Mexico corridor, driven by its robust Bitso Business unit that caters to businesses needing reliable payment solutions. The recent numbers indicate that the service’s reach has expanded significantly, capturing close to 15% of the remittance flow.

Felipe Vallejo, CEO of Bitso Mexico, stated, “Close to 15% of US–Mexico remittances now run through our infrastructure. This shows that digital assets are no longer a niche technology; they are becoming an integral part of the financial infrastructure that moves money in Latin America.”

Vallejo emphasized that recipients of remittances might not be aware of the advanced technology that powers their transactions. Still, what matters most is the speed and security with which their transfers are processed.

A Broader Perspective on Financial Services

Founded in 2014, Bitso has grown to serve over 10 million users, alongside more than 2,000 institutional clients. It provides a regulated framework tailored for the digital economy, facilitating both local and cross-border payments at scale. Underpinned by its ecosystem of specialized companies, such as Nvío, Nvierte, and Juno, Bitso opens avenues for individuals to access digital assets, equities, and investment products efficiently.

The company operates across multiple regions, including North, Central, and South America, as well as Europe, reflecting its ambition to lead the market in digital financial services.

Conclusion

As cross-border transactions continue to increase in volume and complexity, Bitso’s role is becoming ever more vital. By harnessing the potential of digital assets, Bitso not only enhances the efficiency of remittances but also ensures that Latin America can embrace a future where financial transactions are more accessible, reliable, and secure. Its impressive performance in processing US-Mexico remittances signals a thriving digital ecosystem that benefits both consumers and businesses alike.