How Felix Pago Uses Beam to Make Sending Money Home Easier
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Felix Pago’s Background
Felix Pago is a consumer-facing remittance platform with a mission to offer the best experience for Latinos in the U.S. to send money back home. The chat-based platform allows users to send money to recipients in Mexico, Guatemala, and Honduras via WhatsApp. Since its founding in the Summer of 2022, Felix has helped thousands of Latinos to send money back home in seconds and at a fraction of the cost of traditional methods.
Industry
Financial Technology, specializing in stablecoin-based cross-border payments.
Objective
Felix Pago needed a dependable off-ramping solution to convert stablecoins into fiat, particularly for the high-volume Mexico-U.S. payment corridor. With rapid month-over-month growth, the company required a solution that could scale efficiently while maintaining compliance, reliability, and cost efficiency.
Dependable Off-ramping
Felix Pago sought a seamless, fast, and secure way to off-ramp stablecoins into fiat to meet the needs of its growing international user base while keeping remittance fees low.
Complex Regulations
Operating across two countries with distinct regulatory requirements demanded a solution that aligned with both U.S. and Mexican financial regulations to ensure compliance. Felix has plans to expand into additional LATAM jurisdictions in 2025
Operational Efficiency
As Felix Pago experienced swift adoption, they needed an off-ramp infrastructure capable of handling increased transaction volumes without compromising service quality or affordability.
Seamless Off-ramping
Beam’s Hub facilitated the smooth conversion of stablecoins into fiat while effortlessly integrating into Felix Pago’s payment workflows and simplifying their cross-border payment operations.
Regulatory Support
Beam’s platform incorporated compliance features designed to navigate the regulatory frameworks of cross-border money transfers to ensure all transactions met legal and security requirements.
Scalable Payment Infrastructure
Beam’s scalable infrastructure allowed Felix Pago to easily manage a surge in daily transaction volumes and maintain high-quality, low-fee remittance services.
Hub Setup
Felix Pago leveraged Beam’s Hub, a user-friendly dashboard, to manage their off-ramping needs without the need for a complex setup. This allowed their team to onboard quickly and efficiently manage stablecoin-to-fiat conversions directly through the dashboard.
Rapid Deployment
Beam’s Hub required minimal setup and enabled Felix Pago to start processing transactions almost immediately. The intuitive interface allowed their team to focus on scaling operations rather than navigating through technical complexities.
Compliance-Ready Infrastructure
Beam’s Hub included built-in tools for regulatory compliance and AML monitoring to ensure Felix Pago's transactions were secure and fully aligned with cross-border financial regulations.
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Faster, Cost-Efficient Transactions
With Beam’s Hub, Felix Pago achieved seamless and efficient off-ramping for quick and low-cost payouts to their users in the U.S.-Mexico corridor.
Operational Scalability
Felix Pago managed their quickly growing transaction volumes effortlessly through Beam’s Hub to ensure consistent performance and reliability as demand increased.
Regulatory Integrity
Beam’s compliance features within Hub allowed Felix Pago to navigate complex cross-border regulations with ease.
Enhanced User Experience
By offering reliable, affordable, and fast remittance services, Felix Pago strengthened its reputation as a trusted provider of cross-border money transfers amongst Latinos in the United States.
Stronger Market Position
Leveraging Beam’s Hub, Felix Pago successfully scaled their operations while maintaining the reliability and cost structure necessary to thrive in the competitive remittance industry.
Beam’s Hub empowered Felix Pago to materialize their mission of offering Latinos in the U.S. a seamless and reliable way to send money back home. By simplifying the complex process of stablecoin-to-fiat conversions, Beam helped Felix Pago scale their operations while maintaining the trust and reliability their users depend on. This partnership not only enhanced Felix Pago’s ability to deliver fast, compliant remittances but also strengthened their mission to connect families across borders. Together, Felix and Beam are proving that innovation in fintech can break barriers and create meaningful impact for millions of users worldwide.