KIRA and OXXO are committed to innovation in sending money to Mexico

The alliance between KIRA and OXXO marks a significant step in the evolution of remittances in Mexico, connecting financial technology with one of the most extensive physical networks in the country. This collaboration seeks to improve the experience of those who receive money from abroad, with clear, accessible processes that are aligned with people’s real needs.

From its inception, KIRA has built an infrastructure designed to reduce friction and bring more users into the financial system. The alliance with Spin by OXXO validates that vision in a tangible environment, where technology ceases to be abstract and becomes an everyday solution for millions of families, says José Alberto Díaz, KIRA’s director of operations.

The importance of the KIRA and OXXO alliance for receiving remittances in Mexico lies in its ability to reach communities that depend on these remittances to cover basic expenses. OXXO provides a national presence and familiarity; KIRA provides the technological layer that enables efficient and secure flow, explains the executive.

“This collaboration does not seek to reinvent remittances, but rather to transform the way people experience them. For years, many users faced slow, expensive, and unintuitive processes. With this alliance, sending and receiving money is integrated into tools that people already know and use,” he said in an interview with Contexto.

A partnership with a social focus

From KIRA’s perspective, the alliance represents a turning point in the market. It is not just a technical integration, but a collaboration with a social purpose, focused on improving the financial experience of those who need it most.

On a technological level, the team faced the challenge of integrating regulatory and operational frameworks from two different countries. KIRA and OXXO resolved this complexity without passing it on to the end user, prioritizing a simple, fast, and secure process.

The architecture behind the solution complies with strict security and regulatory standards. However, the user perceives only a fluid service, designed to work smoothly and with clear timelines, which strengthens confidence in the system.

The alliance also redefines market expectations. By offering a more accessible and human alternative, KIRA and OXXO raise the bar for how people expect to send and receive money in the future.

Using fintech to boost remittances

According to KIRA, the remittance market to Mexico continues to grow steadily. Although it avoids sharing specific figures at this stage, the company focuses on enabling a reliable channel that allows for organic and sustained growth.

Service adoption is central to the strategy. KIRA prioritizes a solid experience for each user, with the conviction that scale will come as a result of doing things right from the start.

The reach of Spin by OXXO opens up significant expansion prospects towards 2026. The combination of physical capillarity and financial technology creates favorable conditions for expanding the use of the service in different regions of the country.

Together, the alliance between the two entities for receiving remittances in Mexico shows how collaboration between fintech and retail can generate practical, accessible solutions with a direct impact on the daily lives of millions of people.

Remittances face a complicated outlook

Despite what KIRA said, remittances sent by Mexicans living abroad recorded their first decline in eleven years in 2025, according to recently released official data. This decline marks a turning point for one of the country’s main foreign exchange flows, which had shown sustained growth for more than a decade.

Experts attribute this decline largely to a decrease in Mexican migration to the United States, the main country of origin of these remittances. As the number of new migrants declines, so does the pool of people who generate and send funds to their families in Mexico.

Figures from the Bank of Mexico indicate that in 2025 remittances reached US$61.79 billion, representing a 4.6% decline from the US$64.74 billion recorded in 2024. This adjustment breaks the upward trend that had characterized remittances since 2014.

It should be noted that more than 95% of the remittances received by Mexico come from the United States, which underscores the high dependence of this flow on the economic and migratory dynamics of the neighboring country. The future performance of remittances will therefore be closely linked to changes in labor mobility and U.S. immigration policies.