Payment methods in Mexico

• Mexico is Latin America's second-largest e-commerce market, worth $72 billion and growing, with over 120 million internet users. OXXO Pay is the defining feature of Mexico's payment landscape - with over 22,000 store locations nationwide, it bridges online commerce and cash for the 42% of Mexicans who remain unbanked. Any merchant entering Mexico without OXXO support is unreachable to a large segment of shoppers from the moment they reach checkout.
• Cards account for 56% of online transactions, but a significant share are locally issued Visa, Mastercard, and Carnet - where decline rates are higher without a local acquirer. Getting both right is the foundation of a Mexico payments strategy.
• OXXO Pay is Mexico's most important cash-based payment method for e-commerce. Operated by the OXXO convenience store chain - with over 22,000 locations across the country - it lets consumers generate a voucher code at checkout and pay in cash at any OXXO store. Nearly 20% of all online payments in Mexico are made via OXXO Pay, making it as strategically important as any card network.
• For merchants, OXXO means access to Mexico's unbanked and underbanked population - shoppers who want to buy online but pay offline. Without it, these consumers simply cannot complete a purchase. PPRO also supports OXXO Batch for high-volume or scheduled payment flows.

Market data coming soon.