🎉Mexico🇲🇽: Belarusian company Open FX🥔launches its cross-border payment platform in the country

🎉Mexico🇲🇽: Belarusian company Open FX🥔launches its cross-border payment platform in the country

The company will offer Mexicans more efficient access to global foreign exchange (FX) markets, while providing foreign companies with the ability to convert other currencies into Mexican pesos almost in real time.

➡️OpenFX aims to reduce conversion delays from several days to just a few minutes, easing capital retention issues for Mexican companies and allowing them to allocate more resources to business expansion.

➡️ Context: the entry into the Mexican market with its cross-border payment platform came shortly after OpenFX secured an initial funding of USD 23 million from NFX, Lightspeed Faction, Castle Island Ventures, Flybridge, Hash3, and other strategic fintech investors. The company now intends to provide organizations, companies, and entrepreneurs in Mexico with the essential infrastructure required for international transfers at commercial operation speed.

➡️ The new solution not only reduces transfer costs but also frees up capital, driving business growth in the country. In addition, it integrates with local payment systems and regulatory compliance frameworks.

➡️ Relevant note: OpenFX currently operates in 26 countries, and by the end of 2025 it plans to expand its presence to more than 40 countries and 15 currency pairs within the G20. The company is investing in local partnerships, regulatory compliance, and the expansion of its regional teams.

#news #Mexico #international

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