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US-Mexico P2P Remittances through debit payment rails
Fintech
2021
Pre-Seed
Palla enables instant money transfers between the US and Mexico leveraging debit card payment rails. Transfers are sent to accounts in Mexico into a digital wallet or debit card. The actual mechanics work as if the consumer bought something on a debit card in Mexico, so the money is remitted extremely quickly, with very low fraud rates.