Latin America Remittance Intelligence | Notion

Management 1-Pager

Date: Aug 2025

1 | Market Snapshot

KPI	Figure	Δ YoY	Comment
Total remittance inflows	US $161 bn	+5.1 %	Broader LAC definition (incl. Caribbean); narrow LATAM-only = $136 bn
Outbound remittances	US $ ≈6 bn	+4 %	Mostly MX, BR migrants sending to Asia & CA
Avg. cost (send $200)	5.6 %	–0.2 pp	Digital 3.9 %; Banks/agents 6.8 %
High-impact fee breaches*	4 corridors	—	US→HT, US→CU, CL→VE, CO→VE

Fee > 7 % & Volume > US $1 bn.

2 | Cost Hot-Spots

Corridor	2024 Vol	Avg. Fee	Pain Driver
US → Haiti	US $4.2 bn	8.9 %	Limited competition, cash payouts
US → Cuba	US $3.8 bn	14–15 %	Sanctions, informal channels
Chile → Venezuela	US $1.4 bn	10.8 %	Parallel-FX spread, agent costs
Colombia → Venezuela	US $1.1 bn	9.4 %	Cash, border controls

3 | Competitive Landscape

Traditional MTOs: Western Union (~18 % share), Ria, MoneyGram, Vigo, Xoom.
Digital challengers: Bitso (10 % of US→MX), Remitly, Wise, WorldRemit gaining 2-3 pp share/yr.
Last-mile dominance: Cash agents in CA/Andean; bank APIs & fintech wallets surging in MX/BR.

4 | Regulatory & Web3 Readiness

Symbol	Jurisdictions	Notes
🟢 Full VASP / Travel-Rule	MX, UY, (🇨🇱 from Jul 2025)	Bitso, Mercado Bitcoin, Belo licensed
🟡 Transitional / sandbox	BR, PE, CO	Brazil rule due H2 2025; Peru Aug 2026
🔴 No framework / bans	AR, VE, CU	Cuba sanctions; SUNACRIP paused

5 | Strategic Opportunity for RemiDe

Attack high-cost lanes first: Launch US→HT & CL/CO→VE with stablecoin rails.
Go-live in 🟢 markets: MX & CL give instant compliance cover and volume.
Hybrid payout model: Wallet-to-wallet USDC + cash-out partners in Haiti & Venezuela frontier.
FX & data edge: Mid-market FX, real-time fee disclosure → brand wedge vs. WU/Ria.
Road-map into 🟡/🔴: Sandbox pilots in Brazil; prep licence kit for Argentina once regime clarifies.

6 | Risks & Watch-Points