Mexico
Instant transfer for the banked, OXXO for everyone else.
- Currency
- MXN
- Settlement
- T+0
- Methods
- 5
The market
SPEI gives real-time bank transfer to those inside the banking system, while OXXO's cash-collection network reaches the large share of the population outside it. Serving only one of the two halves is the most common mistake merchants make here.
What we would tell you
Run SPEI and OXXO together. Cash-on-voucher is not a legacy method here — it is how a large cohort actually pays.
- Population
- ~131 million
- Market shape
- Split banked / cash
- Indicative
- Real-time payment growth
- Strong
Moving value out
Straightforward
Collecting here is not the hard part. This rating describes repatriation.
One of the more open corridors in the region, supported by deep USD-MXN liquidity and a mature remittance industry.
Methods
5 local methods in Mexico.
3 move money in both directions. 2 are collection only.
- SPEIBank transferin · out
- OXXOCash / voucherin
- Mercado PagoWalletin · out
- CoDiQR schemein · out
- DomiciliaciónBank transferin
Bar widths indicate approximate share of local online payment volume and are shown for ordering only.
Tell us where you need to get paid.
Four questions about your business and your markets. If we are a fit, a payments lead responds within one business day with the methods and indicative pricing for your corridors.
We work with licensed operators and incorporated businesses. Corporate email required. We do not publish a general enquiries address.