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International money transfer company Wise has announced its official entry into Mexico’s vast remittances market.

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International money transfer company Wise officially launched in Mexico on Thursday, offering a new way for Mexican nationals to send money in and out of the country.

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Wise said that in 2024, according to its survey, Mexicans lost $446 million in hidden fees when sending money internationally, which is projected to rise to approximately $514 million in 2025.

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