Aug 26, 2025
When money moves faster, Mexico thrives
When money moves faster, Mexico thrives
By Harrison Mann, Head of Growth.
Al que a buen árbol se arrima, buena sombra le cobija – Anonymous
Mexico is one of the most active economies on the planet.
The Mexican peso turns over $28 trillion a year in the FX markets; it’s one of the world’s most traded currencies. Growth in nearshoring will push regional exports toward $600 billion by 2028. E-commerce alone will hit $184 billion by 2027.
Mexico also happens to be the world’s second-largest recipient of remittances, with families receiving $64 billion in 2023. This money fuels small businesses and entrepreneurs – from restaurants and beauty salons, to cutting-edge startups. These people fuel the country’s future.
This is an economy trying to break out at full speed, but the money driving its momentum crawls through archaic systems that strip 1–3% in transaction fees and days in opportunity costs. Billions of dollars in working capital sit frozen every day instead of fueling payrolls, suppliers, expansion and families.
This is absurd. Fortunately, it’s fixable.
There’s a reason even thriving Mexican businesses still wait days for payments to clear. Traditional financial rails were built nearly half a century ago, for a world that no longer exists. They can’t be expected to keep pace – and while waiting for them to change, communities pay the price.
Freeing capital
Gabriel Zaid once wrote, “Hacen falta empresarios creadores de empresarios”: We need entrepreneurs who create more entrepreneurs. That only happens when those entrepreneurs have equitable access to financial markets.
For money to be useful, it has to be available. This is especially true in a macroeconomic environment marked by rising tariffs and an increasingly volatile regulatory regime. The flow of goods cross-borders is slowing, and the last thing a vibrant economy like Mexico can afford is for the flow of funds to bottleneck.
Enter OpenFX
Whether you’re moving money into or out of Mexican pesos, you can be sure it will settle in hours, at a price far lower than traditional banking rails can offer.
Our proprietary settlement engine bypasses the inefficient correspondent banking networks that have plagued Latin American cross-border payments for decades. We free the balance sheets of remittance companies and payment providers, driving down risk and boosting capital efficiency. Our predictive analytics ensure sufficient liquidity to keep prices low and provide room for our partners to scale.
This infrastructure was designed to facilitate Mexico’s next generation of builders. When a fintech in Mexico City or a manufacturer in Monterrey can move money with the velocity of a bank in New York, the entire playing field shifts. Economic mobility is unlocked. Mexican entrepreneurs can compete more effectively on the global stage.
Mexico is one crucial component of a broader mission. We know we need to connect all the world's economies if we’re going to build a financial system that nourishes our collective future.
Crossing new frontiers
OpenFX already operates in 26 countries. This year, our network reached $16 billion in annualized cross-border volume, with 99% faster settlement speeds and 90% lower costs.
With this launch, we enter the Latin American market in a prime region, where the pain of poor payment infrastructure is felt most sharply, and where we believe we can do the most good.
This brings us back to the quote at the top of this piece – he who gets close to a good tree is sheltered by good shade. By the end of 2025, we’ll be challenging traditional global payment systems in over 40 countries, and powering 15 of the G20 currency pairs. But this only happens hand in hand with Mexico’s visionaries, entrepreneurs and worldbuilders. That’s why we’ve chosen to invest in local partnerships, compliance, and on-the-ground teams to ensure our future partners can make the most of our capabilities.
Today, money is data. So money should move like data – fluidly and without friction. This is the ground floor for a truly borderless economy. We cross these frontiers together.
Al que a buen árbol se arrima, buena sombra le cobija – Anonymous
Mexico is one of the most active economies on the planet.
The Mexican peso turns over $28 trillion a year in the FX markets; it’s one of the world’s most traded currencies. Growth in nearshoring will push regional exports toward $600 billion by 2028. E-commerce alone will hit $184 billion by 2027.
Mexico also happens to be the world’s second-largest recipient of remittances, with families receiving $64 billion in 2023. This money fuels small businesses and entrepreneurs – from restaurants and beauty salons, to cutting-edge startups. These people fuel the country’s future.
This is an economy trying to break out at full speed, but the money driving its momentum crawls through archaic systems that strip 1–3% in transaction fees and days in opportunity costs. Billions of dollars in working capital sit frozen every day instead of fueling payrolls, suppliers, expansion and families.
This is absurd. Fortunately, it’s fixable.
There’s a reason even thriving Mexican businesses still wait days for payments to clear. Traditional financial rails were built nearly half a century ago, for a world that no longer exists. They can’t be expected to keep pace – and while waiting for them to change, communities pay the price.
Freeing capital
Gabriel Zaid once wrote, “Hacen falta empresarios creadores de empresarios”: We need entrepreneurs who create more entrepreneurs. That only happens when those entrepreneurs have equitable access to financial markets.
For money to be useful, it has to be available. This is especially true in a macroeconomic environment marked by rising tariffs and an increasingly volatile regulatory regime. The flow of goods cross-borders is slowing, and the last thing a vibrant economy like Mexico can afford is for the flow of funds to bottleneck.
Enter OpenFX
Whether you’re moving money into or out of Mexican pesos, you can be sure it will settle in hours, at a price far lower than traditional banking rails can offer.
Our proprietary settlement engine bypasses the inefficient correspondent banking networks that have plagued Latin American cross-border payments for decades. We free the balance sheets of remittance companies and payment providers, driving down risk and boosting capital efficiency. Our predictive analytics ensure sufficient liquidity to keep prices low and provide room for our partners to scale.
This infrastructure was designed to facilitate Mexico’s next generation of builders. When a fintech in Mexico City or a manufacturer in Monterrey can move money with the velocity of a bank in New York, the entire playing field shifts. Economic mobility is unlocked. Mexican entrepreneurs can compete more effectively on the global stage.
Mexico is one crucial component of a broader mission. We know we need to connect all the world's economies if we’re going to build a financial system that nourishes our collective future.
Crossing new frontiers
OpenFX already operates in 26 countries. This year, our network reached $16 billion in annualized cross-border volume, with 99% faster settlement speeds and 90% lower costs.
With this launch, we enter the Latin American market in a prime region, where the pain of poor payment infrastructure is felt most sharply, and where we believe we can do the most good.
This brings us back to the quote at the top of this piece – he who gets close to a good tree is sheltered by good shade. By the end of 2025, we’ll be challenging traditional global payment systems in over 40 countries, and powering 15 of the G20 currency pairs. But this only happens hand in hand with Mexico’s visionaries, entrepreneurs and worldbuilders. That’s why we’ve chosen to invest in local partnerships, compliance, and on-the-ground teams to ensure our future partners can make the most of our capabilities.
Today, money is data. So money should move like data – fluidly and without friction. This is the ground floor for a truly borderless economy. We cross these frontiers together.
Al que a buen árbol se arrima, buena sombra le cobija – Anonymous
Mexico is one of the most active economies on the planet.
The Mexican peso turns over $28 trillion a year in the FX markets; it’s one of the world’s most traded currencies. Growth in nearshoring will push regional exports toward $600 billion by 2028. E-commerce alone will hit $184 billion by 2027.
Mexico also happens to be the world’s second-largest recipient of remittances, with families receiving $64 billion in 2023. This money fuels small businesses and entrepreneurs – from restaurants and beauty salons, to cutting-edge startups. These people fuel the country’s future.
This is an economy trying to break out at full speed, but the money driving its momentum crawls through archaic systems that strip 1–3% in transaction fees and days in opportunity costs. Billions of dollars in working capital sit frozen every day instead of fueling payrolls, suppliers, expansion and families.
This is absurd. Fortunately, it’s fixable.
There’s a reason even thriving Mexican businesses still wait days for payments to clear. Traditional financial rails were built nearly half a century ago, for a world that no longer exists. They can’t be expected to keep pace – and while waiting for them to change, communities pay the price.
Freeing capital
Gabriel Zaid once wrote, “Hacen falta empresarios creadores de empresarios”: We need entrepreneurs who create more entrepreneurs. That only happens when those entrepreneurs have equitable access to financial markets.
For money to be useful, it has to be available. This is especially true in a macroeconomic environment marked by rising tariffs and an increasingly volatile regulatory regime. The flow of goods cross-borders is slowing, and the last thing a vibrant economy like Mexico can afford is for the flow of funds to bottleneck.
Enter OpenFX
Whether you’re moving money into or out of Mexican pesos, you can be sure it will settle in hours, at a price far lower than traditional banking rails can offer.
Our proprietary settlement engine bypasses the inefficient correspondent banking networks that have plagued Latin American cross-border payments for decades. We free the balance sheets of remittance companies and payment providers, driving down risk and boosting capital efficiency. Our predictive analytics ensure sufficient liquidity to keep prices low and provide room for our partners to scale.
This infrastructure was designed to facilitate Mexico’s next generation of builders. When a fintech in Mexico City or a manufacturer in Monterrey can move money with the velocity of a bank in New York, the entire playing field shifts. Economic mobility is unlocked. Mexican entrepreneurs can compete more effectively on the global stage.
Mexico is one crucial component of a broader mission. We know we need to connect all the world's economies if we’re going to build a financial system that nourishes our collective future.
Crossing new frontiers
OpenFX already operates in 26 countries. This year, our network reached $16 billion in annualized cross-border volume, with 99% faster settlement speeds and 90% lower costs.
With this launch, we enter the Latin American market in a prime region, where the pain of poor payment infrastructure is felt most sharply, and where we believe we can do the most good.
This brings us back to the quote at the top of this piece – he who gets close to a good tree is sheltered by good shade. By the end of 2025, we’ll be challenging traditional global payment systems in over 40 countries, and powering 15 of the G20 currency pairs. But this only happens hand in hand with Mexico’s visionaries, entrepreneurs and worldbuilders. That’s why we’ve chosen to invest in local partnerships, compliance, and on-the-ground teams to ensure our future partners can make the most of our capabilities.
Today, money is data. So money should move like data – fluidly and without friction. This is the ground floor for a truly borderless economy. We cross these frontiers together.
Al que a buen árbol se arrima, buena sombra le cobija – Anonymous
Mexico is one of the most active economies on the planet.
The Mexican peso turns over $28 trillion a year in the FX markets; it’s one of the world’s most traded currencies. Growth in nearshoring will push regional exports toward $600 billion by 2028. E-commerce alone will hit $184 billion by 2027.
Mexico also happens to be the world’s second-largest recipient of remittances, with families receiving $64 billion in 2023. This money fuels small businesses and entrepreneurs – from restaurants and beauty salons, to cutting-edge startups. These people fuel the country’s future.
This is an economy trying to break out at full speed, but the money driving its momentum crawls through archaic systems that strip 1–3% in transaction fees and days in opportunity costs. Billions of dollars in working capital sit frozen every day instead of fueling payrolls, suppliers, expansion and families.
This is absurd. Fortunately, it’s fixable.
There’s a reason even thriving Mexican businesses still wait days for payments to clear. Traditional financial rails were built nearly half a century ago, for a world that no longer exists. They can’t be expected to keep pace – and while waiting for them to change, communities pay the price.
Freeing capital
Gabriel Zaid once wrote, “Hacen falta empresarios creadores de empresarios”: We need entrepreneurs who create more entrepreneurs. That only happens when those entrepreneurs have equitable access to financial markets.
For money to be useful, it has to be available. This is especially true in a macroeconomic environment marked by rising tariffs and an increasingly volatile regulatory regime. The flow of goods cross-borders is slowing, and the last thing a vibrant economy like Mexico can afford is for the flow of funds to bottleneck.
Enter OpenFX
Whether you’re moving money into or out of Mexican pesos, you can be sure it will settle in hours, at a price far lower than traditional banking rails can offer.
Our proprietary settlement engine bypasses the inefficient correspondent banking networks that have plagued Latin American cross-border payments for decades. We free the balance sheets of remittance companies and payment providers, driving down risk and boosting capital efficiency. Our predictive analytics ensure sufficient liquidity to keep prices low and provide room for our partners to scale.
This infrastructure was designed to facilitate Mexico’s next generation of builders. When a fintech in Mexico City or a manufacturer in Monterrey can move money with the velocity of a bank in New York, the entire playing field shifts. Economic mobility is unlocked. Mexican entrepreneurs can compete more effectively on the global stage.
Mexico is one crucial component of a broader mission. We know we need to connect all the world's economies if we’re going to build a financial system that nourishes our collective future.
Crossing new frontiers
OpenFX already operates in 26 countries. This year, our network reached $16 billion in annualized cross-border volume, with 99% faster settlement speeds and 90% lower costs.
With this launch, we enter the Latin American market in a prime region, where the pain of poor payment infrastructure is felt most sharply, and where we believe we can do the most good.
This brings us back to the quote at the top of this piece – he who gets close to a good tree is sheltered by good shade. By the end of 2025, we’ll be challenging traditional global payment systems in over 40 countries, and powering 15 of the G20 currency pairs. But this only happens hand in hand with Mexico’s visionaries, entrepreneurs and worldbuilders. That’s why we’ve chosen to invest in local partnerships, compliance, and on-the-ground teams to ensure our future partners can make the most of our capabilities.
Today, money is data. So money should move like data – fluidly and without friction. This is the ground floor for a truly borderless economy. We cross these frontiers together.
Make money move
as freely as data
Make money move
as freely as data
OpenFX gives you speed, price, and global reliability, all through a single interface
OpenFX gives you speed, price, and global reliability, all through a single interface
Making money move as
freely as data
Global network
Teams operating across North America,
Europe, Middle East, and Asia
Operating Hours
We never close. Our platform and
support teams are available 24/7/365
Write to us
All systems operational
Red Envelope Delta, Inc, NMLS ID No. 2680829
All rights reserved, © OpenFX 2025.
Making money move as
freely as data
Global network
Teams operating across North America, Europe, Middle East, and Asia
Operating Hours
We never close. Our platform and support teams are available 24/7/365
Write to us
All systems operational
Red Envelope Delta, Inc, NMLS ID No. 2680829
All rights reserved, © OpenFX 2025.
Making money move as
freely as data
Global network
Teams operating across North America,
Europe, Middle East, and Asia
Operating Hours
We never close. Our platform and support teams are available 24/7/365
Write to us
All systems operational
Red Envelope Delta, Inc, NMLS ID No. 2680829
All rights reserved, © OpenFX 2025.