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HOMEMONEY TRANSFERPhilippines
Send Mexican pesos from the Philippines

Send Mexican pesos from the Philippines

When an American client wants Spanish-language cover and staff in a North American time zone, a Manila operator does not lose the account, it places that slice of the work in Guadalajara or Monterrey. Paying for it means pesos in a Mexican bank account, and Grey fixes the rate before you confirm.
PHP
MXN
Send money to Mexico
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Getting MXN into Mexico from the Philippines

Nearshore and offshore are usually described as rivals. In practice a large Philippine provider often runs both, with Mexican sites handling what Manila cannot: Spanish, Central time hours, and clients who want staff on the same continent.

Grey converts your balance into pesos in one step and credits BBVA México, Santander México, Banorte, Banamex or HSBC México using the recipient's 18-digit CLABE. The credit looks entirely domestic.

Paying Mexico, step by step

Grey foreign bank account in Ghana
Register
A valid identity document and about five minutes gets the account open with foreign currency details attached.
Fund
The North American clients funding your business pay those details, and that balance covers Mexico.
Send pesos
Mexico is paid by CLABE, the 18-digit account identifier. Enter those digits, read the peso total and confirm.

The cost of a Mexican payment

On a fortnightly contractor run into Mexico, an unquoted margin repeats every cycle and never appears on a single invoice.

Grey converts once into pesos and prints the number. The amount credited at Banorte or BBVA México matches the screen you approved.

Pesos fixed at the point of confirmation

The MXN total is set when you confirm. Market movement afterwards is neither your problem nor your contractor's.

Where staff are paid a peso salary, that is the difference between payroll landing correctly and payroll needing a correction.

Why the bank wire to Monterrey disappoints

Sent from Manila, a Mexican payment travels through correspondents that take charges and add a day or two. Contractors who were quoted a peso figure receive less than that figure. Grey pays into the Mexican banking system directly, at the peso amount you agreed.

What lands in Mexico

Pesos in a Mexican bank account, arriving as a standard MXN credit. Transfers from a funded Grey balance typically arrive within minutes, and no Grey account is needed on the Mexican side.

Bank coverage

MXN to BBVA México, Santander México, Banorte, Banamex and HSBC México.

CLABE only

The 18-digit CLABE is all you need to pay anyone.

GreyTag

Grey to Grey, the transfer is instant and free of charge.

Loading a Grey balance in the Philippines

Domestic banking sits with BDO, BPI, Metrobank, UnionBank and Landbank, and GCash or Maya cover everyday payments. Grey is the account that receives the foreign currency, which is why the funding comes from outside.

Overseas funding

Money enters from clients abroad, never from a peso top-up.

Currencies held

USD, GBP and EUR, each convertible into Mexican pesos.

Convert on cue

The conversion happens when you choose, not automatically.
CLABE numbers are long and unforgiving. Confirm the digits once with your recipient and Grey holds the record for the next payroll.
Grey foreign bank account in Brazil.

What Philippine payers send Mexico

Nearshore payroll

Salaries and contractor fees at sites in Guadalajara, Monterrey and Mexico City.

Spanish-language accounts

Programmes run jointly with Mexican partners for shared North American clients.

Electronics and components

Parts and assembly work traded between Philippine and Mexican plants.

Professional fees

Legal, tax and recruitment invoices raised in pesos.

Almost all of it is business. The nearshore services industry accounts for most of the volume, with manufacturing and trade payments behind it.
Send money to Mexico

What makes the peso route work here

Priced once
One conversion into pesos with the margin shown before you agree.
Minutes to arrive
Funded transfers typically reach Mexican banks within minutes.
No recipient setup
The person you pay needs a CLABE and nothing else.
Registered with FinCEN
Grey is a financial technology company, not a bank, registered with FinCEN. Transfers are encrypted and trackable from confirmation through to settlement.
Good for payroll cycles
Save the recipients once and run the same list every cycle.

Mexican staff and contractors judge an employer by whether the peso figure matches the offer. Grey keeps that figure steady from quote to credit.

MXN into any Mexican bank account by CLABE, priced in the Philippines and unchanged in transit.
Open a free Grey account

Other destinations from a Philippine Grey account

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FAQs

Is the CLABE all Grey needs for a Guadalajara payroll run?
expand
Yes. The 18-digit CLABE identifies the account and the bank holding it, and it is all Grey needs to deliver the pesos.
Where do nearshore staff in Monterrey and Guadalajara hold their accounts?
expand
BBVA México, Santander México, Banorte, Banamex and HSBC México are all reachable, and the pesos post as a standard domestic credit.
Can a Manila company run Mexican payroll through Grey?
expand
Yes. Save each contractor's CLABE once, then repeat the same peso payments every cycle from your funded balance.
Why do Philippine firms pay Mexico?
expand
Mostly to fund nearshore delivery sites covering Spanish and North American hours, plus component trade and professional fees.
How fast do pesos arrive?
expand
Transfers from a funded Grey balance typically arrive within minutes, and the recipient sees an ordinary MXN credit in their app.
Is the peso figure guaranteed?
expand
Yes. The MXN amount is fixed at confirmation, so later market movement does not change what your contractor receives.
How do I add money to Grey in the Philippines?
expand
Overseas clients pay your Grey USD, GBP or EUR details. The account is funded from abroad, not by peso deposit.
Does my Mexican recipient need to register with Grey?
expand
No. They only need a Mexican bank account with a CLABE, and the money arrives without any sign-up.
Where can I see the fee?
expand
On the confirmation screen, next to the exchange rate, before any money leaves your Grey balance.
What does it cost to open an account?
expand
Nothing. Opening takes about five minutes and requires one valid identity document, such as a passport or PhilSys ID.
Can I send instantly if my recipient uses Grey?
expand
Yes. GreyTag moves money between two Grey accounts immediately and without a fee, in any currency you hold.

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Grey Lockup in White

Grey is a financial technology company, not a bank. Banking services are provided by licensed banking partners. Canadian services are offered by Grey Finance Inc with registered address at 1285 West Broadway Suite 600 Vancouver BC V6H 3X8. Canada. Grey Finance Inc. is regulated by FINTRAC. US services are offered by Grey Inc. with its registered address at 651 N Broad St, Suite 206 Middletown DE 19709 US. Grey Inc is regulated by FinCEN. Copyright © Grey Inc. [YEAR].