What is a Money Transmitter?
A Money Transmitter is a company authorized by the CNBV and the Bank of Mexico to send and receive national and international remittances, without collecting deposits from the public.
What does our service include?
Legal Constitution
We prepare and submit corporate documents to establish your company.
Official Registry
We manage your authorization with the CNBV and the Bank of Mexico.
PLD/FT Manuals
We create policies and procedures to prevent money laundering.
Technological integration
We set up or connect the appropriate transfer platform.
Tax registration
We register your business with the SAT and CONDUSEF.
Compliance Officer
We appoint and train the person responsible for internal regulations.
Correspondents
We coordinate agreements with banks and partner institutions.
Main benefits of a Money Transmitter
Increase financial inclusion
Income diversification
Operational flexibility
Market opening
Payment services
Who can operate a Money Transmitter?
- Investors interested in remittance businesses.
- Financial institutions that wish to diversify their services.
- Fintechs and developers looking to integrate transfers.
- Physical businesses (stores, pharmacies, bus stations).
Frequently Asked Questions
How long does the process take?
Between 4 and 6 months, depending on the complexity of your structure and the approval flow from authorities.
What reports should I file?
Periodic transaction reports, AML/CFT reports, and tax returns.
Do I need authorization or just registration?
You require authorization from the CNBV and the Bank of Mexico; registration with CONDUSEF and SAT is also mandatory.
Can I partner with Western Union, Ria or others?
Yes, we advise you on agreements with global and local correspondents.
Ready to operate in the remittance business?
Schedule your free consultation and receive a personalized plan to set up your Money Transmitter with complete legal security.
