SukuPay Teams Up with Guatemala’s Top Bank—USDC Remittances Just Got a Major Boost

Guatemala’s banking giant just plugged into crypto rails. SukuPay’s integration means USDC remittances now bypass traditional wire delays—and the usual 10% bloodletting by middlemen.

No more waiting days for cross-border cash. Stablecoins slash settlement to minutes while dodging the predatory fees legacy finance calls ’service charges.’

Another brick in DeFi’s wall? Maybe. But watching banks finally adopt crypto to stay relevant? Priceless.

TLDR

• SukuPay and Banco Industrial team up to power USDC remittances in Guatemala via the Zigi app—no wallets, just phone numbers.
• Guatemalans can receive U.S. remittances instantly for $0.99 using USDC on Polygon through Banco Industrial.
• SukuPay’s blockchain rails go live in Guatemala’s largest bank, streamlining remittances without crypto know-how.
• Blockchain meets banking: Banco Industrial integrates SukuPay for fast, affordable, wallet-free USDC remittances.
• $21B remittance market gets crypto upgrade as SukuPay embeds USDC rails in Guatemala’s top bank app.

Banco Industrial, Guatemala’s largest bank, has embedded blockchain firm SukuPay’s stablecoin infrastructure into its mobile banking app. This partnership enables Guatemalans to instantly receive remittances from the U.S. for a fixed fee. It also removes the need for crypto wallets or complex banking details, improving access to funds.

Blockchain Rail Integration Enhances Remittance Speed and Cost

SukuPay’s integration within Banco Industrial’s Zigi app allows users to receive remittances through mobile phones. The service charges a flat $0.99 fee per transaction, streamlining payments for everyday users. This model simplifies cross-border transfers and eliminates the need for crypto wallets or banking codes.

Guatemala’s largest bank, Banco Industrial, has partnered with blockchain firm SukuPay to launch a cross-border remittance service using the USDC stablecoin. Through the bank’s mobile app Zigi, users can receive remittances from the U.S. using just a phone number. The service is…

— Wu Blockchain (@WuBlockchain) May 21, 2025

The system uses USDC stablecoins built on the Polygon blockchain to process transactions efficiently. As a result, users benefit from faster payments, lower fees, and increased financial access. This structure reduces friction for senders and recipients, particularly for those in rural or underserved areas.

This MOVE marks one of the most advanced crypto-native integrations in Latin American banking. SukuPay embedded its protocol directly into a regulated institution’s core services. The implementation reflects a growing trend where blockchain quietly supports traditional banking operations without requiring users to understand the technology.

SukuPay Targets Financial Inclusion Through Seamless Access

Guatemala receives about $21 billion in remittances annually, accounting for nearly 20% of its GDP. According to World Bank data, only 35% of Guatemalan adults had access to a formal bank account in 2022. SukuPay’s system aims to close this gap by leveraging existing mobile apps.

The Zigi app enables instant receipt of funds using a phone number, making the service widely accessible. Users do not need an International Bank Account Number (IBAN) or to create a digital wallet. This feature removes technical and financial barriers for the unbanked population.

SukuPay designed its solution with scalability and simplicity to reach underserved demographics. The company believes embedding blockchain infrastructure invisibly into mainstream systems will expand adoption. Hence, this model prioritizes functionality over user-facing complexity.

Remittance Market Growth Aligns with Crypto Adoption in Latin America

According to Chainalysis 2024 data, Latin America is the second-fastest-growing region for cryptocurrency adoption. While Guatemala trails countries like Argentina, Mexico, and Colombia, its financial ecosystem is catching up. The SukuPay and Banco Industrial partnership represents a critical step toward regional blockchain adoption.

SukuPay’s infrastructure, launched in April 2024, delivers fast, low-cost, secure cross-border payments without requiring cryptocurrency literacy. Built on the Polygon network, it leverages USDC’s stability to support real-world transactions. Using stablecoins instead of volatile tokens, the service provides consistency for both senders and recipients.

Banco Industrial’s wide presence across Guatemala, Honduras, Panama, and El Salvador positions it as a key player in remittance modernization. Its integration of blockchain rails shows how banks can enhance services without changing users’ behavior. This development also strengthens the region’s financial systems by improving cross-border liquidity.