Overview
- Banxico reported $5.214 billion in remittances for September 2025, a 2.7% year-over-year decline and below August’s $5.578 billion.
- Inflows totaled $45.681 billion in January–September, down 5.5% from a year earlier for the steepest nine‑month drop since 2013.
- Reports also cite a new 1% U.S. fee on certain cash and money‑order remittances, with Mexico launching a reimbursement program under President Claudia Sheinbaum.
- Banxico notes that 99.2% of receipts arrived via electronic transfers as total operations fell from a year earlier and the average remittance hovered around $394.
- Despite the national decline, BBVA reports increases in Chiapas, Oaxaca, Puebla, Guerrero, Veracruz, and Morelos, and estimates remittances helped keep about 1.1 million people out of poverty in 2024.