In May, 14.6 million transactions were made, with an average shipment of $391.
Remittance income exhibited an annual increase of 10.7%, as a result of increases of 7.4% in the number of remittances and 3.1% in the amount of the average remittance, Banxico detailed.
“The accumulated value of income from remittances in the first five months of 2023 was 24,667 million dollars, a figure higher than the 22,372 million dollars reported in the same period of 2022, which implied an annual growth of 10.3%,” the statement said. .
In the reference period, 98.9% of the total income from remittances was made through electronic transfers, remittances made in cash and kind and money orders represented 0.9% and 0.2% of the total amount, respectively, when adding 209 and 60 million dollars, in the same order.