DolarApp, a Mexican startup providing digital dollar accounts to Latin American consumers, is revolutionising how users manage their finances.
In partnership with Paymentology, DolarApp introduced Mexico’s first USD-denominated card, empowering Mexicans to dollarise their spending with fee-free international transactions and full transparency on FX rates. This innovative solution supports seamless, cost-effective spending for both travellers and everyday users.
Key outcomes
Mexico’s first USD-denominated card
Zero FX fees and full transparency on rates
Virtual and physical Mastercard
Compatible with Apple Pay and Google Pay
Optimised FX rates
Seamless cross-border spending in any currency at competitive market rates
Supporting economic growth through USD-backed spending
In 2023, remittances to Mexico reached a record-breaking $63 billion, an 8% increase from the previous year, representing nearly 4.2% of the nation’s GDP. These funds are vital for families and communities across the country, reflecting the increasing need for accessible international financial services.
DolarApp, in partnership with Paymentology, supports this economic vitality by offering fee-free USD spending for domestic and international transactions. By maximising the value of every dollar, DolarApp empowers users to travel, shop, and transfer funds across borders effortlessly, addressing the growing demand for cost-effective solutions.
Introducing fee-free global spending
Founded in 2021, DolarApp has become a leader in Mexico by offering digital dollar accounts and a Mastercard card with zero FX fees. With Paymentology’s scalable infrastructure, DolarApp delivers secure, tokenised payments for both physical and digital transactions, ensuring frictionless user experiences at home and abroad.
"We are delighted to collaborate with Paymentology as our strategic partner for card issuing and processing in Mexico,” said Alvaro Correa, Co-Founder & COO of DolarApp. “Their exceptional expertise and track record in the industry, coupled with their ability to provide tailor-made and agile payment solutions, perfectly align with DolarApp’s vision and requirements. Together, we are committed to launching new and exciting next-generation features that will continue to elevate our customers’ experience as we continue to grow across Latin America."
Seamless digital payments with Apple Pay and Google Pay
In a first for the Mexican market, DolarApp users can now integrate their Mastercard with Apple Pay and Google Pay, providing secure and convenient mobile payment options. Paymentology’s issuer processing platform powers this innovation, enabling fee-free USD transactions across multiple currencies while ensuring a seamless experience.
Key features include:
- Global acceptance: Mastercard support ensures secure, zero-FX fee transactions anywhere.
- Mobile wallet integration: Compatibility with Apple Pay and Google Pay supports digital payments.
- Competitive FX rates: Transparent and optimised rates outperforming traditional players.
“Our partnership with DolarApp represents our commitment to leading innovation and expanding financial access in Latin America,” said Alejandro Del Rio, Regional Director for Latam at Paymentology. “DolarApp is setting a new standard in Mexico, providing consumers with fee-free access to USD spending, and we look forward to helping transform financial possibilities for millions of users.”
Expanding financial access across Latin America
With Paymentology as a trusted partner, DolarApp is breaking barriers to financial inclusion and innovation. By creating a seamless international account experience, DolarApp is setting a new standard for digital finance in Mexico and beyond. As it expands across Latin America, DolarApp continues to redefine digital payments with transparent, user-first solutions, empowering millions and paving the way for a more inclusive financial future.
