Zepz lands €152m boost to fortify global remittances

The first month of Donald Trump as president has passed the bill to remittances sent from the United States to Mexico. The report of family remittances presented on Tuesday by the Bank of Mexico (Banxico) shows that income from remittances from abroad stood at 4,459 million dollars in February 2025, a fall of 0.8% compared to last month.This is the lowest monthly figure since May 2021.Continue reading

Zepz lands €152m boost to fortify global remittances

London-based Zepz, the parent company behind renowned remittance services WorldRemit and Sendwave, has successfully obtained €152 million in combined revolving and term credit facilities.

During February, $4.459 billion of remittances arrived in Mexico, meaning a fall of -0.8%, compared to the same month last year. Money shipments accumulate a 16-month run in uncertainty since November 2023, where 7 months have been recorded with contractions, interspersed with months with low growth and other months with increases greater than 8% at annual rate, explained a review by BBVA. He specified that due to the appreciation of the US doll…

Reading time approx.: 1 minutes, 22 secondsIn the last 12 months, the accumulated flow of income from remittances totaled 64,797 million dollars (mdd), less than the flow levels of 64,833 mdd that were reported in January The money sent to the country by the connationals working abroad, mainly in the United States, showed an adjustment of 0.8% at annual rate in February or if compared with the result of the same month of 2024, to reach 4,459 mil…

In February, Donald Trump’s first month as president of the United States, remittances that arrived in Mexico registered a fall of 4%. It was the fourth consecutive month in which the dynamism of remittances goes down, according to data from the Bank of Mexico (Banxico). In February, 4,458.5 million dollars in remittances arrived, the lowest figure since February 2023. Regarding last year, remittances fell 0.8%, according to official figures. Th…

JOSEPH NA’A / Reuters Remittances to Mexico, one of the country’s main sources of foreign exchange, fell in February at an annual rate carried forward both by fewer shipments and by a decrease in the average amount of operations. Capitals received during the second month of the year amounted to 4,459 million dollars, 0.8% less than in February 2024, according to figures released on Tuesday by the central bank. The number of operations - mainly f…