Quarterly market share of incoming remittance brands in Mexico 2011-2023
MoneyGram was used the most for incoming remittances to Mexico, although its market share stayed relatively unchanged in 2023. This is according to a custom-made calculation from Statista, based on the number of reported remittance channels going towards Mexico. The three countries from which Mexico received the highest value of remittances are the U.S., Canada, and Spain. Remittances are a relatively uncharted topic, though. While figures exist on the total traffic between individual countries ("corridors"), exact numbers on how much of this comes from banks, money transfer organizations (MTOs), or digital sources (blockchain, etc.) is typically not known. All figures on remittances are therefore estimates.