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Sales team
Mexican Local Payment Methods
Reach new consumers
Mexico
Why enter Mexico?
61.6M internet users made online purchases in 2019
The pandemic caused many of the 74% of Mexican citizens who had not yet shopped online to try e-commerce for the first time
Fastest growing e-commerce in the world, with a year on year growth rate of 35%
Source: Statista and JPMorgan
22.6Bn e-commerce market value
70% of internet penetration
28.3% growth B2C ecommerce
With Pagsmile you can offer all these Mexican payment methods and access a new customer base
Pagsmile payment solutions in Mexico
Voucher
The OXXO invoice is the preferred alternative payment method in Mexico which enables cash payment for an array of expenses such as utility bills, in-store products, and online purchases at over 15,5K OXXO convenience store locations.
Debit & Credit Cards
Accept both debit & credit card transactions in Mexico and attain the highest approval rates in Mexico with advanced fraud prevention, local acquiring and smart routing.
DIgital wallets
The popularity of digital wallets is increasing in Brazil, mostly due to the benefits offered by them, such as convenience, security, and simplicity to pay. Be ahead of the market and start to offer digital wallets on your e-commerce store.
Bank transfer
The Interbank Electronic Payment System (Sistema de Pagos Electrónicos Interbancários, in Spanish) is a payment system developed by Banco de Mexico and commercial banks, that enables bank clients to send and receive money transfers instantly.
CoDi
CoDi, also known as the “Mexico PIX”, is a platform developed by Banco de México to facilitate payment and collection transactions through electronic transfers, using QR codes scanned from mobile phones. The system works 24/7 and makes it easy for users and businesses to transact without cash.
Onboarding
How to start
We have an easy and clear onboarding process that will set your business for success.
1
Click ‘begin’
and fill in a short form. One of our payment experts will then get in touch to understand more about your business.
2
Get set
in our test environment so you can get to know our infrastructure
3
Create account
by signing a single contract and passing our KYC and AML tests
4
Onboard
onto our platform. You’ll then be able to activate your merchants using our easy-to-use portal or via API
5
Start converting
across borders and locally with your Pagsmile-powered payment methods
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