use case
Financial Services
United States, Mexico



Issuing Mexican-peso-backed tokens on Stellar, Saldo allows migrant workers to support family members back home by making it easy to pay bills across borders. Their simple interface lets a sender in the U.S. top up a recipient’s account with a utility provider in Mexico.


Transferring money across borders, especially in small amounts, is difficult, slow, and most of all, expensive. Migrant workers who need to cover family utility bills back home either confront that cost and complexity every month, or resort to cumbersome and inefficient workarounds.
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“Stellar is the network that’s very optimized for payments. We don’t need complex smart contracts, but we need efficiency, and we need partners. We see Stellar attracting a lot of like-minded companies believing in an open finance infrastructure.”
Marco Neri
Co-founder · SaldoMX


Saldo lets workers in the U.S. transfer funds directly to a recipient’s utility account in Mexico. It offers a compliant way to offer real-time settlement for cross-currency transactions without the hoops and fees required by current remittance providers.

Using Saldo’s interface, a sender selects a recipient’s utility provider and account, chooses the amount they want to pay, and hits send. Because Saldo issues a Mexican-peso-backed token and settles on the Stellar network, senders can initiate a payment in USD, and automatically convert the payment to MXN in a single transaction. That transaction is immediate, transparent, and irreversible.

Easy Asset Issuance

  • To settle payments, Saldo needed a digital peso. Stellar makes it easy to issue an asset and connect it to existing financial infrastructure.

Automatic Low-Fee Currency Conversion

  • If you have dollars in hand but need to pay bills denominated in pesos, the cost and hassle of currency conversion is a big obstacle. Stellar allows simultaneous transfer and conversion of currency with near-zero transaction fees.


  • With current remittance platforms, it’s hard to know in advance how much the recipient will actually receive. With Stellar, you can specify that amount, see the transaction happen in real-time, and know immediately that the payment succeeded.
Marco Neri
co-founder · Saldomx


utility providers supported by Saldo
Downloads of mobile app

Since its inception three years ago, Saldo has optimized its interface to make it truly user-friendly, secure, and reliable. With a click of the button on the app, people can instantly pay their utilities bills. Family members no longer have to take the extra step of going to a remittance provider in-person to receive the money for their bills. 

As of date, Saldo’s mobile app has been downloaded more than 22,000 times and currently allows payments to more than 25 utility providers, covering power, cable, mortgage, Internet, phone, and more.

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