Movement, El Vecino, and RISE Launch Digital Dollar Wallet

Movement, El Vecino, and RISE have launched a digital dollar wallet service enabling fast US-to-Mexico remittances using WhatsApp for transfers and allowing recipients in Mexico to withdraw cash at local stores or via the SPEI banking system. The service is initially tested with 20,000 users and aims to expand to 800,000 users and other Latin American markets.

This Wire brief sits within Fusion42's coverage of Fintech.