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 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.

No. Pesito (pesito.la), by Aztlan Software, Inc., is a pre-launch money-transfer app and digital wallet, and it does not offer loans or credit of any kind. We are not affiliated with "Pesito Listo", "Ap Pesito", or any other similarly named app. Our official app and site live only at pesito.la and app.pesito.la.

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 a $PesitoID, a phone number or a claim link, for $0 on the Pesito network. Your recipient keeps the money in Pesito or withdraws it: a standard withdrawal to a Mexican bank by SPEI is $0 and arrives by the next business day; an instant withdrawal is optional and costs 0.5%–1.75%, minimum $0.25. Pesito is designed for fast delivery, and before every transfer you'll see the exchange rate, any 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 →

At launch, a phone number is enough to create your $PesitoID. Today, the waitlist is the only step. 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, a phone number or a claim link in Mexico, for $0 on the Pesito network. Your family can keep the money in Pesito or withdraw it: to any Mexican bank by SPEI, $0 at standard speed, or as cash at a store, a planned feature. These are 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, a recipient wouldn't necessarily need a bank account: the money arrives in their Pesito account, where they can keep it. Those with a bank account can withdraw to any Mexican CLABE by SPEI, $0 at standard speed. Cash out at stores is a planned feature; the store's fee, if any, is passed through at cost and shown first. These are planned features, subject to change and regulatory approval.

No. Transfers between Pesito accounts move on the Pesito network, which runs on Pesito's own settlement infrastructure. You see and use dollars and pesos; there is nothing to buy, trade or manage. You don't need another app, another account, or another asset. We disclose what runs underneath plainly on our What is Puente Railway page.