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Banking without borders: Why multinational companies and expatriates in Mexico need a digital Plan B

by Prof Sergio Guerrero Rosas

For many expatriates and international companies operating in Mexico, one of the challenges that is often overlooked is not tax, legal, or immigration – it’s banking. Traditional banks, while solid, have become increasingly slow, with complicated procedures and limited flexibility. 

Opening a corporate account can take weeks, international transfers can be delayed for several days or weeks, and payroll becomes more complicated than it should be.

These obstacles are not just administrative annoyances; they directly affect a company’s operations and continuity. For an executive managing global teams or a business paying employees on both sides of the border, a blocked transfer or delayed payment can mean missed deadlines, frustrated staff, and operations at risk.

This is where digital banking becomes a practical Plan B, with various Fintech platforms, many of which are now regulated in Mexico, offering solutions designed for international needs. Advantages include:

  • Fast onboarding. Accounts ready in days, not weeks.
  • Cross-border efficiency. Transfers in multiple currencies with competitive exchange rates.
  • Agile payroll and payments. Immediate processing for both local and international vendors.
  • Smart integration. Large availability of platforms that connect directly with accounting and HR systems.

For expatriates, digital banking also simplifies personal finances. Everyday activities such as paying rent, making purchases, or sending money abroad become more predictable and less stressful. For companies, having a backup service reduces reliance on legacy systems, which tend to be slow and complex, while ensuring continuity in payroll, tax payments, and other payment obligations.

This is not about abandoning or avoiding traditional banks altogether, it is about reducing risks of a critical event. Keeping a digital alternative active provides flexibility in an environment where delays are common. The key is to view digital banking as an integral part of a global mobility strategy just as important as immigration planning, tax structuring, or social security compliance.

In today’s interconnected world, mobility is not just about moving people, it’s about moving money quickly and securely. For expatriates and international companies in Mexico, having a digital Plan B is no longer optional, it is an essential tool to remain competitive and agile.

Ultimately, choosing a digital Plan B doesn’t just solve banking frustrations, it future proofs mobility. As the workforce becomes increasingly mobile, companies that embrace flexible financial solutions will be better positioned to adapt, protect their operations, and capture new opportunities. In this sense, digital banking is not an alternative; it is part of the new standard for doing business across borders.

Finally, choosing a digital Plan B safeguards mobility for the future. As global business models evolve and the workforce becomes increasingly mobile, companies that adopt flexible financial solutions will undoubtedly be in a better position to adapt, protect their operations more efficiently, and seize new opportunities. In this sense, digital banking should not be merely an alternative; it must be part of the new model of doing business at the international level.


Prof Sergio Guerrero Rosas, Managing Director at Guerrero y Santana, has over 25 years’ experience advising companies from SMEs to multinationals, as well as individuals, on tax and estate planning. He is also Global Vice Chair of the GGI Trust & Estate Planning (TEP) Practice Group. 

26 September 2025

Prof Sergio Guerrero Rosas

Guerrero y Santana, S.C., Managing Partner

Guerrero y Santana, S.C.