Latin America Remittance Landscape Shifts Focus from US-to-Mexico Corridor

A growing trend in the Latin American remittance landscape is emerging, with a focus on corridors within the region rather than just between the US and Mexico. According to Bybit's chief marketing officer, Claudia Wang, the non-US-to-Mexico remittance market in LATAM is estimated to be around $112 billion, presenting significant growth potential for fintechs and crypto platforms.

The traditional US-to-Mexico corridor has seen a decline of 4.5% in 2025, while other corridors within the region have shown stronger growth. For example, remittances from the US to Central America grew by 19%, 18%, and 15% year-over-year in Honduras, El Salvador, and Guatemala respectively.

Wang attributes this divergence in behavior to shifts in US immigration policy, with Central American migrants sending more money home as a hedge against deportation risk. In contrast, Mexico's diaspora is more established, reducing the need for 'panic-send' funds home.