Overview
- For deposits or transfers, Finabien paid 7,598.77 pesos on a $400 send at an exchange rate of about 19.14 pesos per dollar, based on prices observed August 14.
- In cash payouts, Paga Phone Smart Pay offered the highest return at 7,559.83 pesos for $400, while Wells Fargo delivered the lowest at 7,265.36 pesos.
- Ria Money Transfer ranked among the least favorable for transfers, paying 7,250.85 pesos on $400 with an average $7 fee.
- The findings were presented August 18 by Profeco chief Iván Escalante using the 'Quién es Quién en el Envío de Dinero' tool during President Claudia Sheinbaum’s morning briefing.
- Finabien reports about 1,700 branches in roughly 1,215 municipalities and will handle payment collection for Conavi’s new rental-housing program, according to director Rocío Mejía Flores.