Pagos Intermex
Pagos Intermex is a CNBV-registered Mexican money transmitter that operates a nationwide network of thousands of retail payout points where beneficiaries collect international family remittances sent through partner money transfer operators including Western Union, MoneyGram, and Remitly.
- Company typePrivate
- Founded2008
- HeadquartersPuebla, Mexico
- Headcount501–1,000
- GTM typeB2B
- OfferingServices
What Pagos Intermex does
Pagos Intermex, S.A. de C.V. is a Mexico-based money transmitter specializing in the cash payout of international family remittances. The company operates a nationwide physical payout network of thousands of points — including flagship retail chains (Chedraui, Casa Ley, Liverpool, Suburbia), cooperatives, credit societies, and independent SMBs — through which beneficiaries collect remittances sent by family members abroad. It is registered as a money transmitter with Mexico's Comisión Nacional Bancaria y de Valores (CNBV) under registration 22159, dated July 18, 2017, and operates as part of the Transnetwork corporate group. Headquartered in Mexico City with 501-1,000 employees, the company has functioned as a remittance payout intermediary for over 20 years.
The underlying technology consists of a web platform and mobile application that connect international money transfer operators with the payout network, supporting identity verification, fraud-prevention controls compliant with Mexican regulation, and rapid transaction processing at retail partner locations. Pagos Intermex is integrated with more than 18 international MTOs — including Western Union, MoneyGram, RIA, Remitly, Xoom (PayPal), Viamericas, Intermex Wire, MAXI, Enramex, IDT, Dinex, TapTap, Order Express, South Exchange, Pangea, Girosol, Barri, Intercambio, and AccessMas — and actively recruits additional SMB retailers through its Independent Payer Program.
The business model is transaction-based: revenue is generated through per-transaction fees charged on each remittance payout processed through the network. The go-to-market is a channel-partner model targeting three primary segments — Mexican remittance beneficiaries, retail business owners seeking incremental foot traffic and income diversification, and international MTOs requiring Mexican physical payout infrastructure. Pricing is not publicly disclosed and varies by MTO and transaction value, with sales executives handling partner onboarding.
Pagos Intermex firmographics
Firmographics- Name
- Pagos Intermex
- Legal name
- Pagos Intermex S.A. de C.V.
- Website
- https://pagosintermex.com
- Company type
- Private
- Founded year
- 2008
- Operating status
- Operating
- Headcount range
- 501–1,000 employees
- Short description
- Pagos Intermex is a CNBV-registered Mexican money transmitter that operates a nationwide network of thousands of retail payout points where beneficiaries collect international family remittances sent through partner money transfer operators including Western Union, MoneyGram, and Remitly.
- Ownership category
- akta.pro rank
Pagos Intermex industry classification
Industry- Product category
- Remittance Services
- akta.pro primary industry
- Cross-Border Payouts & Mass Disbursements (Pay-outs) (FSAMAIAJ)
- akta.pro secondary industries
- Consumer Remittances (P2P) (FSAMAIAA), Cross-Border Payment Orchestration & Routing (FSAGAKAJ), Merchant-of-Record (MoR) & Payment Facilitation (PayFac) Infrastructure (FSAGABAE)
Keywords
Where Pagos Intermex is headquartered
LocationHeadquarters
- HQ city
- Puebla
- HQ country
- Mexico
- HQ region
- Latin America
Offices1 record
Markets served
Pagos Intermex business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Personnel, Technology or R&D, Marketing or Sales, Others
Revenue model
- Remittance Payout Transaction Fees: Pagos Intermex generates revenue by charging transaction fees for each remittance payout processed through its network of payout points. The company acts as a money transmitter registered with CNBV, facilitating the payment of international remittances in Mexico on behalf of global money transfer operators.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Transaction-based remittance payout fees |
Go-to-market motion1 record
Distribution channels3 records
Marketing channels5 records
Pagos Intermex product offering
Product offeringCore offering
Pagos Intermex operates a nationwide physical payout network in Mexico for international remittances. Registered as a money transmitter with CNBV (registration 22159), the company enables beneficiaries of cross-border money transfers to collect funds at thousands of retail locations, including commercial chains, cooperatives, credit societies, and small/medium businesses across the country. The company partners with international money transfer operators such as Western Union, MoneyGram, RIA, and Remitly to deliver payout services.
Differentiator
Problem solved
Functional benefit
Products and services
- Pagos Intermex Remittance Payout Network A nationwide network of thousands of payout points across Mexico (retail chains, convenience stores, credit unions, cooperatives, and independent businesses) where recipients can collect international remittances sent through partner sending companies.
- Remittance Collection Service
Companies that use Pagos Intermex
Customer profileNamed customers1 record
Segments3 records
Ideal customer profiles3 records
Pagos Intermex technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration20 records
Feature3 records
Pagos Intermex partnerships and signals
Strategic signalPartnerships
19 partnerships are on record, tiered flagship, core and minor.
- Western UnionflagshipWestern Union is one of the world's largest money transfer operators. Pagos Intermex serves as a payout network partner in Mexico, allowing Western Union customers to collect remittances at Pagos Intermex's thousands of payout points across the country.
- MoneyGramflagshipMoneyGram is a global money transfer company. Pagos Intermex provides the physical payout network in Mexico for MoneyGram remittances, enabling beneficiaries to collect funds at local payout points.
- RIAcoreRIA is a money transfer operator providing international remittance services. Pagos Intermex serves as the payout network in Mexico for RIA transfers.
- RemitlycoreRemitly is a digital remittance company. Pagos Intermex provides the physical payout infrastructure in Mexico for Remitly's international money transfers.
- XoomcoreXoom is PayPal's international money transfer service. Pagos Intermex partners with Xoom to provide cash payout locations in Mexico for Xoom customers.
- ViamericascoreViamericas is a money transfer operator. Pagos Intermex serves as the payout network partner for Viamericas remittances in Mexico.
- EnramaxcoreEnramax is a money transfer company. Pagos Intermex provides the payout network for Enramax transfers in Mexico.
- ChedrauiflagshipChedraui is a major Mexican supermarket chain. Chedraui stores serve as authorized remittance payout points within the Pagos Intermex network, allowing customers to collect remittances at their locations.
- Casa LeyflagshipCasa Ley is a prominent Mexican retail chain. Casa Ley locations serve as authorized remittance payout points within the Pagos Intermex network.
- LiverpoolflagshipLiverpool is a major Mexican department store chain. Liverpool stores offer remittance payout services as part of the Pagos Intermex payout network.
- SuburbiaflagshipSuburbia is a Mexican clothing and department store chain. Suburbia locations serve as remittance payout points within the Pagos Intermex network.
- Delgado TravelcoreDelgado Travel is a travel agency network that also serves as a remittance payout point within the Pagos Intermex network.
- MAXIcoreMAXI is a money transfer operator. Pagos Intermex serves as the payout network partner for MAXI remittances in Mexico.
- BarricoreBarri is a money transfer company. Pagos Intermex provides the payout network infrastructure for Barri transfers in Mexico.
- IntercambiocoreIntercambio is a money transfer service. Pagos Intermex serves as the payout network partner in Mexico.
- AccessMasminorAccessMas is a money transfer operator. Pagos Intermex provides payout network services for AccessMas in Mexico.
- IDTminorIDT is a telecommunications and money transfer company. Pagos Intermex serves as the payout network for IDT transfers in Mexico.
- PangeaminorPangea is a money transfer service. Pagos Intermex provides payout network services for Pangea transfers in Mexico.
- Intermex WirecoreIntermex Wire is a money transfer company. Pagos Intermex serves as a payout network partner in Mexico.
Scale indicators4 records
Recent moves5 records
Expansion highlights5 records
Pagos Intermex competitors and assessment
Company assessmentBroad incumbents
- Banco Azteca (Elektra): Banco Azteca operates inside thousands of Elektra and Salinas y Rocha retail stores across Mexico, offering remittance payouts, savings, and credit. While a broader financial services incumbent rather than a pure payout network, it competes directly for remittance recipient share with Pagos Intermex through physical retail presence.
- Compartamos (Gentera): Compartamos, part of Gentera, operates financial service points including remittance payouts through a network of agents and branches across Mexico, often in cooperatives and small retailers. Comparable to Pagos Intermex in using a distributed retail/cooperative-led distribution model for remittance collection.
- MoneyGram: MoneyGram is both a strategic partner of Pagos Intermex (using it for payouts) and a competitor operating its own agent network in Mexico. It is directly comparable as a global MTO that competes for Mexican remittance share and routes significant volume through Pagos Intermex's payout infrastructure.
- Western Union Mexico: Western Union operates its own cash-payout network in Mexico in parallel to using third-party payout networks including Pagos Intermex. Its owned-branch and agent footprint in Mexico competes for the same cash-pickup recipient use case, making it a broad incumbent peer that overlaps with Pagos Intermex in last-mile Mexican remittance delivery.
- Banorte Remesas: Banorte is one of Mexico's largest banks and a major participant in US-Mexico remittance distribution, including direct bank-account deposits and own retail payout relationships. Comparable as a broad incumbent Mexican financial institution competing for remittance-volume share across digital and physical channels.
Direct peers
- Sigue Money Transfer: Sigue is a US-Mexico focused money transfer operator with its own agent payout network in Mexico. It is comparable to Pagos Intermex as a direct remittance-payout competitor targeting the same US-Mexico corridor and Mexican recipient segments.
- Spin by OXXO: Spin is the remittance and financial services platform of OXXO, Mexico's largest convenience-store chain with tens of thousands of locations. It competes directly with Pagos Intermex by offering cash-pickup remittance payouts through an extensive retail network, making it the most directly comparable peer in Mexican cash-payout infrastructure.
- Barri Remit (Barri Financial Group): Barri (formerly Barri Financial Group) is a US-based MTO specializing in US-to-Mexico and US-to-Central America remittances with its own Mexican payout network. Despite being a listed partner of Pagos Intermex, it directly competes for Mexican cash-pickup volume and is a comparable direct peer in the corridor.
- Intermex Wire Transfer: Intermex Wire is a US-based MTO under the same Transnetwork umbrella as Pagos Intermex, focused on US-Mexico remittances. It is relevant as an affiliated direct peer serving overlapping Mexican remittance beneficiaries and routing payouts through overlapping retail relationships.
- MAXI Transfers: MAXI is an international money transfer operator focused on the US-Mexico corridor with its own retail payout footprint in Mexico. Despite being a partner of Pagos Intermex, it directly competes for Mexican remittance recipient volume and agent recruitment, making it a comparable direct peer in payout-network competition.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Pagos Intermex social profiles
Digital presencePagos Intermex compliance and trust
Trust signalCompliance1 record
Pagos Intermex financial estimates
Financial estimateRevenue estimate
Valuation estimate
Pagos Intermex leadership team
Management profileNumber of profiles
Profiles1 record
Pagos Intermex funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Pagos Intermex M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Pagos Intermex
What does Pagos Intermex do?
Pagos Intermex operates a nationwide physical payout network in Mexico for international remittances. Registered as a money transmitter with CNBV (registration 22159), the company enables beneficiaries of cross-border money transfers to collect funds at thousands of retail locations, including commercial chains, cooperatives, credit societies, and small/medium businesses across the country. The company partners with international money transfer operators such as Western Union, MoneyGram, RIA, and Remitly to deliver payout services.
Is Pagos Intermex a public or private company?
Pagos Intermex is a private company. It is classified as corporate owned and is currently operating.
When was Pagos Intermex founded?
Pagos Intermex was founded in 2008. It employs 501 to 1,000 people.
Where is Pagos Intermex based?
Pagos Intermex is headquartered in Puebla, Mexico, in the Latin America region.
How does Pagos Intermex make money?
One revenue line is on record: remittance Payout Transaction Fees.
Who are Pagos Intermex's main competitors?
Broad incumbents on record are Banco Azteca (Elektra), Compartamos (Gentera), MoneyGram, Western Union Mexico and Banorte Remesas. Direct peers are Sigue Money Transfer, Spin by OXXO, Barri Remit (Barri Financial Group), Intermex Wire Transfer and MAXI Transfers.
Does Pagos Intermex have an API?
No public API is recorded for Pagos Intermex.
What industry is Pagos Intermex in?
Pagos Intermex's product category is Remittance Services. Its primary akta.pro industry code is FSAMAIAJ, Cross-Border Payouts & Mass Disbursements (Pay-outs), with a secondary code of FSAMAIAA, Consumer Remittances (P2P).