In a breakthrough for blockchain-powered finance, SukuPay, the fintech modernizing cross-border payments through invisible crypto infrastructure, has been fully embedded as the remittance engine inside Zigi – the mobile app of Banco Industrial – Guatemala’s largest bank.
This integration marks the first time a crypto-native protocol has gone live at this depth inside a top-tier LATAM retail bank.
Guatemalans can now receive funds from the U.S. instantly and securely for a flat $0.99 fee – using only a phone number through their existing bank app.
“This isn’t a feature, it’s a financial infrastructure upgrade,” said Yonathan Lapchik, CEO, of SukuPay.
“By embedding SukuPay inside Zigi, Banco Industrial has become the first bank in Latin America to fully adopt stablecoin rails as a core remittance engine. We’re not offering a crypto product. We’re powering real-world payments that actually work for real people – banked or unbanked.”
Each year, over $165 billion is sent in remittances from the US to Latin America, with Guatemala receiving over $21 billion in remittances annually, making it the second-largest recipient in Latin America after Mexico.
However, traditional remittance services are regarded as outdated and burdened by high fees, slow settlement and painful user experiences.
“With SukuPay’s infrastructure embedded directly into Zigi, we’re not just improving remittances, we’re setting a new standard,” said Michel Caputi, Head of Strategic Alliances Division, Banco Industrial.
“This is a modern solution to a legacy problem – and we’re proud to lead the way in Latin America.”
