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Story summary
- Digital remittances from the United States to Mexico have overtaken cash transfers.
- Maura Fonseca, a Houston resident, now uses the Felix Pago app for lower fees.
- Trend is driven by younger generations and policy changes, including a 1% tax on cash remittances.
- Cash remains prevalent among lower-income households in Mexico, with over 70% relying on it.
- Fintech firms are adapting by offering competitive rates and incentives to attract users.
