Mexico

MoneyGram International has partnered with Visa to launch MoneyGram's first cash-to-Visa account program for remittances from the United States to Mexico.

Under the program consumers will be able to use any of the 35,000 MoneyGram locations in the U.S. to quickly and reliably send funds directly to eligible Visa accounts in Mexico. Recipients in Mexico receive the funds directly to their Visa credit, debit, or prepaid accounts. Then they can withdraw the cash from Visa's global network of millions of merchant acceptance locations and ATMs.

paysafecard, a popular prepaid voucher for Internet payment, is now available in Mexico. The opening of a new subsidiary in Latin America’s second-largest economy marks the next step in paysafecard’s expansion plans to establish the voucher in Latin America.

As it became known, Wells Fargo has expanded its ExpressSend remittance network in Mexico through an agreement with Houston-based Transnetwork Corporation. Thus far the company is adding over 4,000 payout locations in Mexico for a total of more than 9,000 locations. These additional outlets have significantly widened Wells Fargo's remittance payout network in Mexico. 

According to the research from Javelin Strategy & Research, that collected data from 3294 Americans online and 4874 by phone, banks need to consolidate their ATMs security as about 10% of US fraud victims have their details used to make withdrawals at ATMs.

About 25% of these victims have already abandoned their financial institution, as the research found.

Mexican stocks edged higher Thursday, poised to finish at a fresh high for the year, after U.S. data showing that the world's largest economy and Mexico's largest trading partner remains on track toward economic recovery.
Mexico's IPC rose 0.1% to 32,492 in Christmas Eve's abbreviated trading session. A finish higher would mark the third straight session of advances.
Home builders, industrial services providers and consumer discretionary stocks were among the best price performers.