Mexico's Femsa said on Thursday its convenience store chain Oxxo had signed a deal with U.S. payments company Western Union (WU.N) that will allow customers to receive international money transfers in its stores in Mexico.
The company said that clients in more than 14,000 stores will be able to receive remittances worth up to 11,600 pesos ($603) per transaction, but that only 1,000 pesos will be issued in cash, with the rest deposited on a debit card with one of Oxxo's existing banking partners.
Oxxo has agreements with at least 11 banks to . . .
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