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Millions of Mexicans living in the U.S. spend large amounts on remittance fees and lack access to fair credit. Many work irregular hours with unpredictable income, and at times they don’t have enough money to cover basic services like electricity or water for their families in Mexico. Without access to affordable credit, they often rely on predatory lenders. By using PYUSD, they can now make instant payments and access credit secured by using their phone as a collateral, if users dont pay the loans the device gets locked, avoiding high fees and excessive interest rates.

User logins using their email, once in the app they can pay services and bills directly there, in case of an emergency, they can request a loan to pay for the water bill in Mexico and use the phone as a colateral, in case of no repayment the phone will be locked. Using PYUSD we can make the payments instant.