Core Insights - XYRA Corp. is strategically expanding into Mexico's fintech and remittance markets, aiming to connect these two dynamic financial sectors [1][3][8] - The company is developing an AI-driven, quantum-secure payment infrastructure that integrates remittances with fintech through tokenization, enhancing financial inclusion [2][6][7] Industry Overview - Mexico is a significant financial hub, with a remittance corridor and a rapidly growing fintech ecosystem projected to reach $65 billion by 2033 [3] - The country sees millions of transfers from the U.S. weekly, supporting families and small businesses, while over 800 fintech startups provide credit access to millions of users [4] Current Challenges - Despite the growth, remittances and fintech have evolved separately, with traditional transfers taking 2-5 days and incurring fees over 6%, while local fintechs lack access to verified cross-border data [5] XYRA's Solution - XYRA's system allows U.S. users to send money converted into quantum-secure stablecoins, instantly settled in Mexican pesos, and accessible via an XYRA credit card [7] - The integration reduces costs and settlement times, creating a self-reinforcing economic loop that empowers both senders and recipients [7][9] Future Prospects - The initiative marks a significant milestone for XYRA, positioning it for global expansion and establishing a bridge between fintech and remittances [8]
XYRA Corp. Targets the Gap Between Mexico’s $65B Fintech Market and Cross-Border Remittance Flows
Globenewswire·2025-10-23 13:00