OXXO Pay is a voucher payment widely used by Mexicans to pay for their utility bills and online purchases.

This LPM is complementary to the cards and other payment methods offer. It opens the market to 67% of the unbanked population in Mexico, and those cardholders who have cash might be using this channel to make a payment.

Besides the possibility of offering a payment option to the unbanked population, OXXO Pay brings the instant payment confirmation as its differential

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Type Cash
Company behind LPM Conekta
Market relevance High

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