What Pesito is, how it will work.

Pesito is a digital wallet we're building to send money from the US to Mexico from your phone, using a short $PesitoID handle instead of a long account number. Pesito is pre-launch: today you can create your $PesitoID and join the waitlist, but transfers are not live yet. We're a technology company, not a bank — when we launch, customer funds will be held in custody at licensed financial institutions.

Four steps, once we launch: (1) sign up with your phone, (2) pick a $PesitoID, (3) add money — planned funding methods are debit card and bank transfer (ACH) — (4) send to another $PesitoID or cash out to a Mexican bank via SPEI (planned feature). Pesito is designed for fast delivery, and before every transfer you'll see the exchange rate, the exact fee, and exactly what your recipient gets — as U.S. federal law requires (CFPB Remittance Transfer Rule). These are planned features — subject to change and regulatory approval. See the full walkthrough with preview screens →

Today, a phone number is enough to create your $PesitoID and join the waitlist. To keep transfers safe and meet compliance requirements, Pesito may ask you to verify your identity before sending. Required information may vary by country, state, transfer amount, and partner requirements. We only ask for what we need to provide the service, prevent fraud, and meet legal obligations. Your waitlist or survey responses do not complete identity verification.

Your $PesitoID is your unique identifier on Pesito — like an @username. It replaces the 18-digit CLABE for Pesito-to-Pesito transfers: instead of typing a long bank number, you just share your $PesitoID. Example: $maria or $jorge.

That's exactly what we're building Pesito for. When we launch, the plan is: sign up with your phone number, add money with a debit card or bank transfer (ACH), and send to a $PesitoID in Mexico — designed for fast delivery. Planned recipient options include SPEI deposit to any Mexican bank and cash pickup — planned features, subject to change and regulatory approval. Transfers are subject to identity verification, corridor availability, limits, and compliance review. Pesito is also being designed so transfers would fall outside the 1% US remittance excise (a tax on cash-funded sends) because funding is planned as debit/ACH only. This is general information, not tax advice — consult a tax professional.

On the sending side, Pesito's planned funding methods are debit card and bank transfer (ACH) — no cash funding. On the receiving side in Mexico, we're designing options so a recipient wouldn't necessarily need a bank account: SPEI deposit to any Mexican CLABE for those who have one, and cash pickup as a planned feature. These are planned features — subject to change and regulatory approval.

No. Your money is dollars and pesos to you — that's what you'd send, receive, and cash out. You don't need another app, another account, or another asset. Under the hood, our settlement infrastructure partner may use regulated digital settlement rails, and we disclose that plainly on our What is Puente Railway page.