Banco Industrial Integrates Sukupay for Remittance Services
Banco Industrial, the largest bank in Guatemala, has announced the integration of Sukupay, a crypto-based cross-border payment provider, to power its remittance services. Using Sukupay, Banco Industrial now offers its customers remittances at a flat fee of $0.99, allowing them to receive these funds in their bank accounts.
Michel Caputi, Head of the Strategic Alliances Division at Banco Industrial, highlighted the advantages of crypto for this use case. “This is a modern solution to a legacy problem — and we’re proud to lead the way in Latin America,” he stated.
Sukupay claims this is the first time a crypto-native protocol “has gone live at this depth inside a top-tier Latin American retail bank,” becoming the de facto option for remittances.