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Mexico Ships 50,000 Finabien Cards to U.S. Consulates as Demand Surges

Authorities highlight a $2.99 flat fee plus a leading exchange rate to position the service as a low-cost remittance alternative.

Overview

  • Finabien said 50,000 additional cards are being sent to Mexico’s 53 U.S. consulates after applications doubled in roughly six weeks.
  • More than 67,000 cards have been distributed in the U.S. program, with about $22.8–$23 million transferred to Mexico since the July launch.
  • Consumer watchdog Profeco lists Finabien among the best remittance options, with a $400 send yielding about 7,638.47 pesos at a $2.99 fee.
  • The Paisan@ mobile app now lets migrants make direct IMSS contributions using their Social Security Number.
  • Users can send up to $2,500 per day and $10,000 per month, hold up to $20,000, and request cards online for delivery to consulates or 1,700 branches in about 10 days.