Kira and Spin by OXXO Revolutionize Cross-Border Money Transfers Between the U.S. and Mexico

Kira Partners with Spin by OXXO for Seamless Money Transfers

In a groundbreaking collaboration, Kira has teamed up with Spin by OXXO, allowing seamless money transfers from the United States to Mexico. This partnership aims to streamline the remittance process, making it more efficient and accessible for millions of users.

Revolutionizing Remittances

Spin by OXXO has developed an innovative platform that enables users in Mexico to quickly receive funds from the United States. With the integration of Kira's technology, this partnership allows money to be sent both digitally and in-person, providing a user-friendly experience that rivals traditional remittance services.

The demand for reliable and fast money transfer solutions has skyrocketed, especially among migrants looking to support their families back home. In fact, the amount of remittances sent to Mexico reached a staggering $64 billion in 2024, highlighting the vital role these transactions play in sustaining families and communities. The new service offered by Spin by OXXO eliminates many of the barriers experienced by users when sending money across borders.

How It Works

The process is simplified—any user with a Spin by OXXO account can receive funds in minutes. The sender in the U.S. can either visit one of the 90,000+ Kira network locations to send cash or use their debit card through Kira's platform. Users in Mexico generate a payment link from the Spin by OXXO app, sharing it with the sender, who completes the transfer seamlessly.

This efficient process not only saves time but also cuts costs for families relying on remittances, allowing them to receive money without long waits or hidden fees. Spin by OXXO now boasts nearly 10 million active users, further emphasizing the service's popularity.

A Commitment to Inclusion

Ricardo Olmos, Director of Spin by OXXO, expressed that this partnership is a significant step towards enhancing financial inclusion in Mexico. He highlighted the impetus behind this innovation is to solve real-life needs for millions of families who have historically faced challenges accessing financial services.

Beto Díaz, Co-Founder of Kira, added that supporting family back home is essential for many migrants, and this service aims to do so in a simple and dignified manner. He indicated how critical it is to create accessible solutions for those who depend on these financial channels to maintain strong family ties across borders.

Beyond Transactions: A Comprehensive Financial Ecosystem

Once funds are transferred to a Spin by OXXO account, users can enjoy a variety of services. They can withdraw cash at any of the 24,000+ OXXO locations in Mexico, or use their accounts for online purchases, in-store payments, and mobile top-ups. This multifaceted approach reinforces Spin by OXXO’s position as a dynamic player in the digital financial services ecosystem, bolstering its capacity to serve a wider cross-section of the population.

This collaboration not only cements Kira's commitment to reshaping financial infrastructure globally but also highlights the importance of leveraging technology to make essential financial services more accessible. By connecting emerging markets to the global economy, Kira and Spin by OXXO are paving the way for a more inclusive future in finance.

Conclusion

As the landscape of cross-border payments continues to evolve, the partnership between Kira and Spin by OXXO stands out as a beacon of innovation that effectively addresses the needs of millions. This collaboration can transform how money is sent and received across borders, proving vital for families and communities. For further information, users can visit the respective websites of Kira and Spin by OXXO to learn more about these exciting developments.