iTransfr Launches MXN Settlement Corridor for Businesses in Mexico

iTransfr is excited to announce the launch of our Mexican Peso (MXN) settlement corridor, enabling businesses in Mexico to move between USD, EUR, and MXN with same-day settlement.

This capability empowers Mexican exporters, importers, and global trade operators to send and receive cross-border payments faster, more securely, and at lower cost than traditional banking methods.

• Same-day MXN settlements for USD and EUR conversions
• Full corridor access between MXN and USD or EUR
• Available to registered businesses in Mexico
• Fully compliant with local and international regulations

Cross-border payments involving Mexico have traditionally been slowed by bank delays and high currency conversion fees, often in the range of 2-4%. With iTransfr's MXN settlement corridor, businesses can settle transactions the same day while saving up to 2% in conversion costs.

Our service eliminates the friction of multi-day SWIFT wires and provides direct access to global USD and EUR liquidity through our payment network.

A Mexican exporter selling goods to clients in the United States and Europe can now receive USD or EUR payments through iTransfr. The funds are converted to MXN and deposited into the exporter's Mexican bank account the same day, freeing up working capital and reducing dependency on slow bank transfers.

A Mexican importer purchasing raw materials from suppliers in the United States, Europe, or Asia can pay in USD or EUR through iTransfr. This allows for faster delivery of goods, better supplier relationships, and up to 2% savings on currency conversions.

• Exporters selling internationally and receiving USD or EUR payments
• Importers purchasing goods from overseas suppliers
• E-commerce businesses with cross-border customers
• Marketplaces and platforms managing global vendor payouts

The addition of MXN expands iTransfr's local currency capabilities, which already include USD, EUR, GBP, BRL, COP, NGN, and more. With this launch, we continue to build the infrastructure for instant, compliant payments across the globe.