Remittances received in Mexico 2016-2022, by institution
The majority of family remittances received in Mexico in 2022 were transferred through non-bank institutions, as has been the case in prior years. While the value of family remittances sent through banks amounted to almost 10 billion U.S. dollars that year, nearly 48 billion U.S. dollars were sent by money transfer agencies and other non-bank institutions.