Oxxo signs remittances deal with Western Union

The convenience store chain Oxxo said on Thursday that it had signed a deal with U.S. payments company Western Union to allow customers to receive international money transfers in more than its 14,000 stores in Mexico.

The clients of Mexico's Femsa Oxxo will be able to receive remittances worth up to 11,600 pesos (US$603) per transaction, but that only 1,000 pesos (US$52) will be issued in cash, with the rest deposited on a debit card with one of Oxxo's banking partners called “Tarjeta Saldazo.”

The service started on October 5 and will be available from 8:00 am to 8:00 pm, 365 days a year.