🇲🇽 Pay Suppliers in Mexico
Pay Mexican suppliers for automotive parts, electronics, aerospace, agricultural products
T+0 (2.3s avg within Unicorn network). Save 79% vs traditional banks.
What you need to send money to Mexico
What details do I need to pay suppliers in Mexico?
To pay suppliers in Mexico you need the recipient's CLABE (18-digit CLABE (Clave Bancaria Estandarizada)), plus account number and beneficiary name. Payments typically settle in 2.3 seconds and cost 0.5% FX spread + £5 per payment.
How fast are payments to Mexico?
Payments to Mexico settle in an average of 2.3 seconds when using local rails such as SPEI, compared to 2–3 days via traditional SWIFT.
How much does it cost to send money to Mexico?
Unicorn Currencies charges 0.5% FX spread and £5 per payment. You save about 79% versus banks (e.g. £505 vs £2428 on a £100k transaction).
Cost Comparison: Banks vs Unicorn Currencies
See how much you save on £100,000 payment to Mexico
| Cost Item | Traditional Banks | Unicorn Currencies |
|---|---|---|
| FX Spread | 2.4% | 0.5% |
| Payment Fee | £28 | £5 |
| Total Cost (£100,000) | £2,428 | £505 |
| YOUR SAVINGS | N/A | £1,923 (79%) |
| Settlement Time | 2-3 days (SWIFT) | T+0 (2.3s avg within Unicorn network) |
Local Payment Rails in Mexico
Avoid expensive SWIFT fees. We use local payment systems in Mexico for faster, cheaper settlement.
SPEI
Mexico instant payment system, 24/7 operations
CoDi
QR code instant payment platform
SIAC
Banxico clearing house for batch payments
Who Uses This Payment Corridor
Key Industries in Mexico
- Automotive
- Electronics
- Aerospace
- Agriculture
- Manufacturing
Average Transaction: £45k-£220k
Typical Monthly Volume: £280k-£2.8M
Popular Supplier Types
- Automotive parts (Monterrey, Querétaro)
- Electronics assemblers (Tijuana, Guadalajara)
- Aerospace components (Querétaro, Mexicali)
- Agricultural exports (Jalisco, Sinaloa)
What You Need to Know: Mexico Payments
Regulatory Considerations
- Banco de México regulations
- Mexican Customs (SAT) documentation
- IVA (VAT 16%) on imports
- USMCA trade agreement benefits
Payment Tips for Mexico
- Mexico = USMCA partner, automotive manufacturing hub
- SPEI enables instant MXN settlement 24/7
- Northern states (Monterrey, Tijuana) = Manufacturing zones
- Nearshoring trend - US companies relocating from Asia
Why Choose Unicorn for Mexico Payments
Local Rails, Not SWIFT
We use SPEI and other local systems in Mexico. Avoid 3-4% SWIFT fees and 2-3 day delays.
79% Lower Costs
Save £1,923 on every £100,000 payment. On £280k-£2.8M monthly volume, save up to £57,690 annually.
Bank of Canada Supervised
Registered Payment Service Provider (PSP) and FINTRAC MSB. Full regulatory compliance for Mexico payments.
Real-Time FX Tracking
Upload supplier invoices in MXN. See live P/L as GBP/MXN rates move. Lock rates for 15 seconds before committing.
£1,000,000+ Paying Suppliers in Mexico? Save 79%
Enterprise treasury for import/export businesses with T+0 (2.3s avg within Unicorn network) settlement to Mexico
For businesses with high annual FX volume. Not consumer transfers.