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June 7, 2019

Poni rolls out service for international remittance receivers in Mexico

Poni has launched a new service, which enables people in Mexico to receive international remittance at any ATM in the country.

A receiver will be charged MXN10 ($0.51) for acquiring the new Poni Cash Card, which will be available at more than 6,000 locations in the country.

In order to avail the facility, a receiver has to first register the card that can be done by calling a toll-free number.

The service will be available to even those people who do not have a traditional bank account.

Receivers will not be charged ATM fees for the service.

Poni director in Mexico Gricha Raether said: “We are launching an exciting new payout option that will change the way family members in Mexico receive their money. No more lines.

“No more excuses about having run out of money. No more going out of your way to get your money during business hours.

“Poni is the only technology capable of opening more than 50,000 ATMs in Mexico for remittance payout. This gives beneficiaries the convenience of picking up their cash when and where they need it.”

In this context, Poni cited data from Mexico’s National Bank.

According to the data, Mexico received $33bn in remittances from the USA in 2018, up 10% from 2017.

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