Remittances received in Mexico 2016-2022, by transfer channel
As was the case in past years, electronic transfers were, by far, the most used means of transfer for remittances sent to Mexico in 2022. The value of remittances received by electronic means in the Latin American country amounted to more than 57 billion U.S. dollars in 2022, up from around 51.3 billion reported a year earlier. Furthermore, the majority of remittances sent to Mexico that year were transferred via non-bank institutions.