Spectrum Global Payment Solutions
Spectrum Global Payment Solutions is a Houston-based private money transmitter providing white-label electronic funds transfer processing to 60+ banks, MSBs, and U.S. Government entities, with a distribution network of 72+ payment entities across 16 Latin American countries serving U.S.-to-Latin America remittance corridors.
- Company typePrivate
- Founded2004
- HeadquartersHouston, United States
- Headcount101–250
- GTM typeB2B and B2C
- OfferingServices
What Spectrum Global Payment Solutions does
Spectrum Global Payment Solutions, Inc. is a Texas-incorporated private money transmission company founded in 2004 and headquartered in Houston. It operates a proprietary transaction processing platform that provides white-label electronic funds transfer processing services to 60+ originating entities—including banks, Money Service Businesses (MSBs), and U.S. Government entities—which together operate more than 60,000 points of sale. The platform also functions as a clearing house, giving originating institutions a single connection to a distribution network of 72+ payment entities across 16 Latin American countries, supporting cash pickup, deposit-to-account, debit card and CLABE delivery options in 10 currencies.
Spectrum's core technology is a proprietary IT platform designed for international payment services with seamless integration to client systems, providing real-time online processing, settlement, monitoring, reporting, and funds/claims management on a 24/7 basis. Layered onto this platform are foreign exchange services (settlement in 10 currencies at inter-bank-based rates), a compliance and AML monitoring system that the company describes as an industry standard, and consumer-facing web and mobile channels for direct-to-consumer remittances.
The company earns revenue through three primary streams: per-transaction remittance fees, the spread between retail and wholesale foreign exchange rates, and transaction-based white-label processing fees charged to originating financial institutions. Spectrum targets four distinct customer segments—financial institutions (banks), MSBs, FinTech platforms, and individual consumers sending personal remittances—with the bulk of processing volume flowing through B2B white-label partnerships and the bulk of revenue tied to U.S.-to-Latin America corridors, where it claims over one-third of electronic international payment flow into Mexico.
Spectrum Global Payment Solutions firmographics
Firmographics- Name
- Spectrum Global Payment Solutions
- Legal name
- Spectrum Global Payment Solutions, Inc.
- Website
- https://spectrum-gps.com
- Company type
- Private
- Founded year
- 2004
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- Spectrum Global Payment Solutions is a Houston-based private money transmitter providing white-label electronic funds transfer processing to 60+ banks, MSBs, and U.S. Government entities, with a distribution network of 72+ payment entities across 16 Latin American countries serving U.S.-to-Latin America remittance corridors.
- Ownership category
- akta.pro rank
Spectrum Global Payment Solutions industry classification
Industry- Product category
- Cross-Border Money Remittance Services
- NAICS
- Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320), Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232)
- SIC
- Miscellaneous Business Credit Institution (6159)
- akta.pro primary industry
- Cross-Border Payment Orchestration & Routing (FSAGAKAJ)
- akta.pro secondary industries
- Cross-Border Payouts & Mass Disbursements (Pay-outs) (FSAMAIAJ), Cross-Border Collections & Local Receiving (Pay-ins) (FSAMAIAI), Cross-Border & FX Payments Platforms (BPAMAFAK)
Keywords
Where Spectrum Global Payment Solutions is headquartered
LocationHeadquarters
- HQ city
- Houston
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Spectrum Global Payment Solutions business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Technology or R&D, Personnel, Operations, Infrastructure, Marketing or Sales
Revenue model
- Transfer/Money Remittance Fees: Spectrum charges transfer fees for money remittance services. The transfer fee is subject to change without prior notice. Customers can view the applicable transfer fee when using the Services or call 1-800-622-1367 for current amounts.
- Foreign Exchange Spread: Spectrum obtains monetary gain from the foreign exchange conversion of some remittances, represented by the difference between the retail exchange rate and the wholesale exchange rate at which Spectrum purchases the foreign currency.
- White Label Processing Services: Provides electronic funds transfer white label processing services to originating entities including Banks, MSBs and U.S. Government entities. Acts as a 'Clearing House' between originating and payment entities.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Standard transfer fee - varies by transaction |
Go-to-market motion2 records
Distribution channels4 records
Marketing channels4 records
Spectrum Global Payment Solutions product offering
Product offeringCore offering
Spectrum Global Payment Solutions provides electronic international funds transfer processing, settlement, monitoring, and regulatory compliance support through proprietary white-label platforms serving banks, MSBs, FinTechs, and U.S. Government entities. It also delivers direct-to-consumer international money remittance services, primarily from the U.S. to Latin America, with cash-pickup and deposit-to-account payout options across 16+ countries.
Product overview
Spectrum Global Payment Solutions offers a unified product portfolio centered on international money remittance services. The core offering consists of two interconnected platforms: the Origination Platform (white label electronic funds transfer processing for 60+ banks, MSBs, and government entities across 60,000+ points of sale) and the Distribution Platform (access to 72 payment entities in 16 Latin American countries). These are supported by proprietary technology developed over 20+ years that enables real-time processing, foreign currency exchange in 10 currencies, regulatory compliance and AML monitoring, and settlement/monitoring services. The company provides its platform as a white label solution to third-party banks and licensed money transmitters.
Differentiator
Problem solved
Functional benefit
Products and services
- Origination Platform White-label electronic funds transfer processing platform serving 60+ originating entities (banks, MSBs, and U.S. Government entities) that operate a network of more than 60,000 points of sale across multiple countries.
- Distribution Platform Payment network providing single-connection access to 72+ payment entities across 16 countries in Latin America, enabling cash payout, deposit to account, ATM withdrawal, and real-time payment alternatives for remittance recipients.
- Direct Consumer Money Remittance Service
Quantifiable outcome
- Processing billions of US dollars annually, accounting for over one-third of all electronic international payments in Mexico
- +2 more outcomes
Companies that use Spectrum Global Payment Solutions
Customer profileNamed customers9 records
Segments4 records
Ideal customer profiles2 records
Spectrum Global Payment Solutions technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
Spectrum Global Payment Solutions partnerships and signals
Strategic signalPartnerships
26 partnerships are on record, tiered core and minor.
- BBVA (Mexico, Argentina, Colombia, Peru, Uruguay)coreMajor banking partner providing cash pickup and deposit to account services across multiple Latin American countries including Mexico, Argentina, Colombia, Peru, and Uruguay.
- BanCoppelcoreKey payment partner in Mexico offering cash pickup and deposit to account services through BanCoppel's retail network.
- ElektracoreMajor retail payment partner in Mexico and Guatemala with extensive physical locations for cash pickup services.
- BancolombiacoreLeading Colombian bank partner offering cash pickup and deposit to account services.
- Telecomm TelegrafoscoreGovernment-affiliated payment entity in Mexico providing cash pickup services through extensive telegraph office network.
- BanseficoreMexican development bank providing cash pickup and deposit to account services.
- ChedrauicoreMajor Mexican retail chain offering cash pickup and deposit to account services through grocery store locations.
- Banco Ganadero (Bolivia)minorBolivian banking partner for cash pickup services.
- Banco Bisa (Bolivia)minorBolivian banking partner offering cash pickup and deposit to account services.
- Banco Davivienda (Colombia, Honduras)minorRegional banking partner in Colombia and Honduras offering cash pickup and deposit to account services.
- Banco de Guayaquil (Ecuador)minorEcuadorian banking partner offering cash pickup and deposit to account services.
- HSBC MexicocoreMajor international bank partner in Mexico offering deposit to account and debit card services.
- Banco Santander (Mexico)coreMajor international bank in Mexico offering deposit to account, debit card, and CLABE services.
- BANAMEX (Mexico)coreMajor Mexican bank offering deposit to account, debit card, and CLABE services.
- Banco del Austro (Ecuador)minorEcuadorian banking partner offering cash pickup and deposit to account services.
- Banco BolivianominorEcuadorian banking partner offering cash pickup and deposit to account services.
- Interbank (Peru)minorPeruvian banking partner offering cash pickup and deposit to account services.
- Banco Agricola (El Salvador)minorSalvadoran banking partner offering cash pickup and deposit to account services.
- Banco Atlantida (Honduras)minorHonduran banking partner offering cash pickup and deposit to account services.
- Lafise (Panama, Honduras)minorRegional banking partner in Panama and Honduras offering cash pickup and deposit to account services.
- RedPlus (Panama)minorPanamanian payment network offering cash pickup services.
- G&T Continental (Guatemala)minorGuatemalan banking partner offering cash pickup services.
- Banco Promerica (Dominican Republic, Guatemala)minorRegional banking partner in Dominican Republic and Guatemala offering cash pickup services.
- U.S. Government entitiescoreGovernment entities that use Spectrum's electronic funds transfer white label processing services.
- Banks (as originating entities)coreStrategic partnerships with banks for white labeled products that are fast, reliable, transparent, and fully compliant with U.S. and international laws and regulations.
- Money Service Businesses (MSBs)coreMSBs access comprehensive payment network through single and direct connection with wide range of distribution options such as cash payout and deposit to account.
Scale indicators10 records
Recent moves5 records
Expansion highlights5 records
Spectrum Global Payment Solutions competitors and assessment
Company assessmentDirect peers
- Western Union: Western Union is the global incumbent in cross-border money transfer with deep LatAm payout coverage; it competes head-to-head with Spectrum in the U.S.-to-Mexico corridor and shares similar MSB/bank partnership economics.
- Viamericas: Viamericas is a U.S. money transmitter with deep concentration in the U.S.-to-Mexico and broader LatAm corridors, offering cash pickup and account deposit services through a comparable agent-network structure.
- Remitly: Remitly is a digital-first cross-border remittance provider that originated in the U.S.-to-Philippines corridor and has expanded aggressively into Mexico and LatAm, directly competing with Spectrum's consumer and FinTech channels.
- Wise (TransferWise): Wise is a global cross-border payments platform that competes in U.S.-to-LatAm corridors with account-deposit payouts and mid-market FX, pressuring Spectrum's fee structure and partner-bank relationships.
- Xoom (PayPal): Xoom is PayPal's international money transfer service, offering cash pickup and account deposits across Latin America; it competes directly with Spectrum's consumer remittance offering and bank/FinTech white-label partnerships.
- MoneyGram: MoneyGram is the most direct competitor, operating the largest U.S.-to-Latin America remittance network with cash-pickup and account-deposit services; both companies serve the same originator and payout partners in the same corridors.
- Intermex (International Money Express): Intermex is a U.S.-based remittance specialist focused on the U.S.-to-Latin America/Caribbean corridor, with a very similar channel-partner and payout-network model to Spectrum.
Emerging players
- Nium: Nium is a real-time global payments infrastructure platform offering cross-border payouts and FX; it competes with Spectrum's white-label orchestration capability for FinTech and embedded-wallet customers.
- DLocal: DLocal is a cross-border payments platform focused on emerging markets including LatAm, enabling merchants and platforms to pay out in local currencies; it overlaps with Spectrum's payout network in Mexico, Brazil, and Argentina.
- Thunes: Thunes is a global cross-border payments network that connects originators to mobile wallets and bank accounts across emerging markets, competing with Spectrum in the FinTech orchestration layer.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
Spectrum Global Payment Solutions social profiles
Digital presenceSpectrum Global Payment Solutions financial estimates
Financial estimateRevenue estimate
Valuation estimate
Spectrum Global Payment Solutions leadership team
Management profileNumber of profiles
Spectrum Global Payment Solutions funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Spectrum Global Payment Solutions 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 Spectrum Global Payment Solutions
What does Spectrum Global Payment Solutions do?
Spectrum Global Payment Solutions provides electronic international funds transfer processing, settlement, monitoring, and regulatory compliance support through proprietary white-label platforms serving banks, MSBs, FinTechs, and U.S. Government entities. It also delivers direct-to-consumer international money remittance services, primarily from the U.S. to Latin America, with cash-pickup and deposit-to-account payout options across 16+ countries.
Is Spectrum Global Payment Solutions a public or private company?
Spectrum Global Payment Solutions is a private company. It is classified as unknown and is currently operating.
When was Spectrum Global Payment Solutions founded?
Spectrum Global Payment Solutions was founded in 2004. It employs 101 to 250 people.
Where is Spectrum Global Payment Solutions based?
Spectrum Global Payment Solutions is headquartered in Houston, United States, in the North America region.
How does Spectrum Global Payment Solutions make money?
Three revenue lines are on record. Transfer/Money Remittance Fees are the primary driver. The others are foreign Exchange Spread and white Label Processing Services.
Who are Spectrum Global Payment Solutions's main competitors?
Direct peers on record are Western Union, Viamericas, Remitly, Wise (TransferWise), Xoom (PayPal), MoneyGram and Intermex (International Money Express). Emerging players are Nium, DLocal and Thunes.
Does Spectrum Global Payment Solutions have an API?
No public API is recorded for Spectrum Global Payment Solutions.
What industry is Spectrum Global Payment Solutions in?
Spectrum Global Payment Solutions's product category is Cross-Border Money Remittance Services. Its primary akta.pro industry code is FSAGAKAJ, Cross-Border Payment Orchestration & Routing, with a secondary code of FSAMAIAJ, Cross-Border Payouts & Mass Disbursements (Pay-outs). Its NAICS code is 522320 and its SIC code is 6159.