The central banks of Mexico and the US have signed an agreement that allows banks to to transmit electronic fund transfers from the USA to Mexico through the Federal Reserve Banks’ Automated Clearing House (FED - ACH).
The FedGlobal Mexico Service offers US financial institutions the added benefit and convenience of promotional materials and tools to aid in promoting the service to their customers and pre-opening accounts at participating institutions in Mexico.
GFMD 2007 - Roundtable 2.1 "Improving the formalization of transfers and reducing their cost."
GFMD 2014-2015 - Roundtable 1.2 "Reducing the human and financial costs of international migration, particularly labour migration: Cooperative approaches to fair recruitment practices and lower remittance fees"
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