Pay in local currency across Latin America
Pay suppliers and teams, or collect from customers, in the currency your counterpart actually uses. Brazilian real, Mexican peso, Colombian peso and more.
How do I send money in local currency to Latin America?
You fund the payment in Canadian or US dollars through FinXtra, and your recipient receives the local currency, for example Brazilian reais, Colombian pesos or Peruvian soles. Before you confirm, you see the exchange rate and a full cost breakdown, including any currency markup. You can also collect payments in these currencies and convert them. Availability depends on the currency, the direction and the amount, and your adviser confirms it for you.
Who uses Latin American currency payments
How payments to Latin America work with FinXtra
Local currencies move, so plan for it
Several Latin American currencies can move sharply in a short time. If you pay or receive in them regularly, your costs and margins move too. Forward contracts let you lock a rate where they are available for the currency, and limit orders let you aim for a rate you choose. Ask us which tool suits your currency and timing.
What to know before you pay in the region
Each country has its own rules and rails. We structure every payment around them.
The currency list reflects what we can handle today. Availability depends on the route and the amount, and we confirm it for each payment.
Latin American currencies we can handle
On these corridors, the provider you choose changes the cost
Banks and general providers often price emerging-market currencies with wide margins. Between providers, the difference in total cost of a payment to Latin America can range from 2% to 8% of the payment amount, depending on the currency, the corridor and the amount.
The 2% to 8% range is indicative. It describes the difference in total cost between providers on these corridors and varies by currency, route, amount and market conditions. It is not a guarantee of savings.
Why businesses choose FinXtra for Latin America
- Transparent pricing. A full cost breakdown before you commit.
- Access to wholesale FX liquidity, usually reserved for large corporations.
- 135+ currencies.
- Forward contracts and limit orders to plan around the market.
- A dedicated adviser before and after onboarding.
Latin American currency payments: common questions
Which Latin American currencies can I pay in?
We handle the Argentine peso, Bolivian boliviano, Brazilian real, Chilean peso, Colombian peso, Costa Rican colón, Dominican peso, Honduran lempira, Mexican peso, Peruvian sol, Paraguayan guaraní and Uruguayan peso. Availability depends on the route and the amount, and we confirm it for you.
Can I pay in Brazilian reais?
Yes, BRL is among the currencies we handle. Brazil applies the IOF tax to many cross-border payments, and your adviser explains how it applies to yours.
Can I lock a rate in a Latin American currency?
Forward contracts let you lock a rate for up to five years, but availability depends on the currency pair. We confirm it for your currency during your analysis.
Can I receive payments in these currencies?
In many cases, yes. Availability depends on the currency and the direction, so ask us about your case.
I am based in Latin America. Can I open an account?
FinXtra has its own client platform and application form for Mexico. For other countries, talk to us. Eligibility depends on your location and your onboarding.
How fast will my payment arrive?
In most cases a payment can arrive the same day. Timing depends on the time of day you book it, the currency pair and the corridor, which determine the payment rail used. We confirm the expected timing before you commit.
Are there account opening fees?
Opening an account is completely free, and you get full access to the platform.
Is FinXtra regulated?
FinXtra works with Ebury, which provides the payment and foreign exchange services. Ebury Canada is registered with FINTRAC, and all client funds are held with Ebury Canada in line with regulatory standards. See the regulatory disclosure at the bottom of this page for the US, UK and Mexico.
Payment and foreign exchange services are provided by Ebury under its terms and conditions. Availability of currencies, accounts and products depends on the route, the amount and your onboarding. Exchange rates move, so the amount you pay or receive depends on the rate when you transact. This page is general information, not financial advice.
Plan your next payment in Latin America
Book a free 20-minute FX analysis. We review your payment flows and show you your options, at no cost and with no commitment.
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