Balam and Transfera Unveil the World’s First Remittance-as-a-Service Platform | PR Newswire [Video]

, /PRNewswire/ — Balam, a pioneer in stablecoin-backed remittance infrastructure, and Transfera, a Lana Group Inc. company known for its co-branded debit cards with brands like Chivas del Guadalajara, have joined forces to launch the world’s first Remittance-as-a-Service platform. This cutting-edge solution is designed to transform how US immigrants send remittances, starting with Mexico and Colombia, and is projected to expand to more than 10 countries by the end of the year.

With this collaboration, Balam provides the robust infrastructure and seamless API integration, enabling institutions like Transfera to offer remittance services that are 10X faster and 80% cheaper than traditional methods. The partnership marks a significant leap in cross-border payment solutions, paving the way for more accessible, cost-effective financial services for US immigrants.

“Finding a fast, affordable remittance solution has been a long-standing challenge for our customers,” said Antonio Regojo, CEO of Transfera and Lana Group. “Partnering with Balam Payallows us to deliver a cutting-edge …