title: US-FL — Payment Corridor Dynamics (W5) | World Payments Monitor canonical: https://payments.gi/jurisdictions/united-states-florida/w5/ ### W5 Payment Corridor Dynamics Probable re-verified 2026-10-18 · changed 2026-07-05 Florida, and Miami specifically, functions as the principal US gateway for remittance corridors to Latin America and the Caribbean, hosting major money-transfer operators and a growing cluster of digital-first remittance fintechs serving these corridors. Standing sub-brief · as of 5 July 2026 112 words · last cycle 2026-07-05 #### Payment Corridor Dynamics Miami functions as the principal US gateway for Latin America and Caribbean remittance corridors: approximately $170 billion was remitted to the region in 2024 via money-transfer operators, with 80% of that volume originating from the United States. Incumbent corridor infrastructure is anchored by operators such as Intermex Wire Transfer, headquartered in Miami and holding money-transmitter licences across multiple US states. #### Outlook The US-LAC corridor remains a sustained high-volume commercial artery for Florida-based payments firms. Watch for continued share migration toward stablecoin-enabled digital challengers (tracked in W9) alongside the incumbent MTO base, and for any corridor-level effect from the Florida stablecoin-issuer regime once substantive licensing takes effect in October 2026. no periodic updates on record for this sub-brief ** Sources and findings (5 unique sources · R-3/R-4)** 1. [W5-E1] T2 Derived: Confirmed [in_force https://thedialogue.org/blogs/2025/04/the-state-of-the-remittance-industry-and-an-outlook-for-2025](https://thedialogue.org/blogs/2025/04/the-state-of-the-remittance-industry-and-an-outlook-for-2025) re-verified 2026-07-05 In 2024 nearly $170 billion was remitted to Latin America and the Caribbean through money transfer operators, 80 percent of it originating from the United States, with Florida as a principal originating hub. 2. [W5-E2] T3 Derived: Probable [in_force https://www.intermexonline.com/](https://www.intermexonline.com/) re-verified 2026-07-05 Intermex Wire Transfer, a major US-Latin America remittance operator, is headquartered at 9100 South Dadeland Blvd., Miami, Florida, and holds money-transmitter licences across multiple US states verifiable via NMLS. 3. [W5-E3] T3 Derived: Probable [in_force https://refreshmiami.com/news/felix-is-turning-whatsapp-into-a-remittance-engine-for-400000-immigrants/](https://refreshmiami.com/news/felix-is-turning-whatsapp-into-a-remittance-engine-for-400000-immigrants/) re-verified 2026-07-05 Miami-headquartered Félix chose South Florida as its base after considering other states, calling the move strategic given the city's fintech ecosystem for capital and talent; the company uses stablecoins behind the scenes to lower costs and increase speed on its US-Mexico/Guatemala/Honduras corridors. 4. [W5-E4] T3 Derived: Probable [in_force https://www.macroglobal.co.uk/blog/financial-technology/money-transmitter-license-mtl-us-states/](https://www.macroglobal.co.uk/blog/financial-technology/money-transmitter-license-mtl-us-states/) re-verified 2026-07-05 Florida is described as one of the most dynamic money-transmission markets in the US, driven by strong remittance corridors to Latin America and the Caribbean. 5. [W5-E5] T3 Derived: Probable [in_force https://www.bankdirectoriesonline.com/cms-bankshow/Florida+International+Bankers+Association.html](https://www.bankdirectoriesonline.com/cms-bankshow/Florida+International+Bankers+Association.html) re-verified 2026-07-05 The Florida International Bankers Association's membership spans financial institutions from 18 countries across 4 continents, with a primary focus on Latin America including correspondent banking relationships that facilitate North-South trade flows.