MEXICO

MSB: Money Transmitter License

EPFI: Electronic Payment Fund Institution

Mexico MT / MSB & EFPI / EMI

MT - Money Transmitter License

A money transmitter, also often referred to as a "money service business" (MSB), is a company or individual that facilitates the transfer of funds from one person or entity to another, often between disparate geographical locations and across international borders.


Money transmitters facilitate fund transfers between local and international borders. The global remittance market, which refers to the total amount of money transferred across borders, was valued at nearly 950 billion USD (end of 2023). Analysts predict that this market will continue to grow to reach approximately 1.2 trillion USD by 2028, with a compound annual growth rate (CAGR) of 5.68%. Businesses or individuals working within this space must understand the intricacies of money transmitters and the rules and regulations to ensure compliance and expand to new markets.

A Money Transmitter License permits a company to:

1. Transfer money or value: The company can operate in transferring funds domestically and internationally.

2. Issue and manage payment Instruments: This includes handling checks, money orders, and electronic transfers.

3. Provide remittance services: This license covers services for sending money abroad, a common need among immigrant communities.


MEXICO:

Legal Exchange Infrastructure
with Physical Operations (MSB): 44.900 EUR

Money Transmitter with physical operations: Allows sending of resources (Fiat, BTC, Alt coins and Stable coins) with a physical branch and in-person clients.


  • Business Model

  • Preparation of the infrastructure.

  • Iteration of the documentation

  • Coordination for obtaining the technical opinion.

  • Written request (formal)


*We will guide you through the services that your Money Transmitter can offer, and we will make recommendations for optimizing the platform in terms of the Law and its general provisions.


Time Line:

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MEXICO:

Legal Exchange Infrastructure
with Digital Operations (MSB): 59.900 EUR

Money Transmitter with digital operations: Allows sending of resources (Fiat, BTC, Alt coins and Stable coins) with non-face-to-face digital operations (approximate monthly limit of USD 5K to 7K per user, regardless of the number of operations and is per month; limited to natural and legal clients of Mexican nationality; clients of foreign nationality will only be able to make purchases through physical/face-to-face channels).


  • Business Model

  • Preparation of the infrastructure.

  • Iteration of the documentation

  • Coordination for obtaining the technical opinion.

  • Written request (formal)


*We will guide you through the services that your Money Transmitter can offer, and we will make recommendations for optimizing the platform in terms of the Law and its general provisions.


Time Line:

View PDF Order Now

Electronic Payment Fund Institution (IFPE)

Our IFPE Package from Mexico includes:

 • The MTDO (Money Transmitter with Digital Operations) without limits, as well as custody of fiat, stablecoins, BTC via a wallet, card issuance, and card payment processing.

 • Fintech Model

 • Preparation of the legal infrastructure

 • Iteration of the documentation

 • Submission of the application for authorization

 • Venting, preparation and iteration of observations (up to 2 rounds)

 • Request for additional authorizations.

 • Training in how to lobby for your project


189.900 EUR

Cost Breakdown:

 • Integration of the file 63,500 EUR

 • Release of Observations 16,500 EUR

 • Clearance of authorization for the start of operations 12,900 EUR

 • Request for additional permits 7,250 EUR

 • Request for direct connection to SPEI 89,750 EUR


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