Cost-efficient transactions with the best user experience
Smooth out and speed up the process of remittances without the need to pre-fund accounts in different countries.
Félix uses blockchain technology for faster and cost-effective transfers
Félix is a company that works with a chat-based platform in WhatsApp enabling Latin American users in the US to send money abroad.
Opportunity
Félix encountered substantial hurdles in the remittance landscape, primarily catering to businesses and individuals sending money to Mexico. Traditional methods were plagued by high fees, sluggish processes, and unreliability. This success narrative delves into Félix's collaboration with Bitso, which surmounted these challenges, introducing a swifter, cost-efficient, and user-centric solution.
The challenge
Our solution
High fees
Traditional remittance methods imposed hefty fees, diminishing the recipient’s funds.
Félix's partnership with Bitso introduced a flat fee per transaction, markedly reducing costs.
Slow and inconvenient
Traditional remittance methods were often protracted, taking days or weeks.
Bitso's infrastructure allows Félix to process transactions in under a minute, offering unparalleled speed and convenience.
Unreliable
Traditional remittance methods often encountered delays and financial losses.
Bitso's robust security measures ensured the safety of user funds, bolstering the reliability of the service.
Move money across borders in real time with Bitso Business
Increase capital efficiency without the need to hold funds in each country.
Deliver better user experience for your customers by making possible real-time money remittances across countries.
Perform real-time and cost-efficient transactions to any bank account, wallet, or debit card through our direct connection with SPEI and Pix.
Scale your products and services using a reliable and customizable payment infrastructure with seamless API integration.
A swifter and cross-efficient solution
The power of partnerships
Collaborations like the one between Félix and Bitso exemplify the innovation potential when two companies combine strengths, resulting in a remittance service that surpasses traditional options in speed, cost, and convenience.
Customer focus
A steadfast focus on the customer experience is pivotal for success in the remittance industry. Félix and Bitso streamlined the process for users to send money to Mexico, offering competitive fees and ensuring a secure platform.
The potential of blockchain technology
As demonstrated by Félix's integration with Bitso, blockchain technology can significantly enhance the remittance industry. Fast and secure money transfers are facilitated through direct connections to Latam banking systems, setting a precedent for other remittance companies to consider adopting blockchain technology in their services.
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