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Binance Launches Licensed Medá in Mexico With $53 Million to Build Peso Payment Rails

The locally supervised IFPE will operate independently to connect Mexican users to fiat on-ramps within Binance’s ecosystem.

Binance establishes new payments entity Medá to expand fintech in Mexico
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Binance launches mexican payments unit with $53 million investment
Binance invests over one billion pesos to expand fiat services in mexico

Overview

  • Binance committed more than one billion Mexican pesos (about $53 million) over four years to develop Medá’s infrastructure.
  • Medá is authorized to process deposits and withdrawals in Mexican pesos, creating direct rails into Binance’s services.
  • The entity will run separately from Binance’s main exchange under oversight from Mexican financial authorities.
  • The launch adds Mexico to Binance’s licensed jurisdictions, extending a regulatory footprint reported at 22 markets.
  • Binance frames the move as boosting competition and inclusion in a concentrated market, pairing payments rollout with education partnerships at Mexican universities.