MSB Mexico

Money Transmitter License (MSB) with Physical Operations and with Digital Operations

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, between local and international locations.


The global remittance market, 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 in just a few years, with a compound annual growth rate of 5.68%. Businesses or individuals working within this sector 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): 51.635 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:

View PDF

MEXICO:

Legal Exchange Infrastructure
with Digital Operations (MSB): 68.885 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
Share by: