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.
Go deeper with GlobalData
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.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData“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.
