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Mexico
during 2025-2028
Popularity of e-commerce payment methods
Extend your reach
Todito Cash is a payment wallet Mexicans use to pay online, settle bills and transfer money between each other.
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Reasons for Popularity
Accessibility: Todito offers services that are accessible to a wide range of users, including those without traditional banking access. This is particularly important in Mexico, where a significant portion of the population may not have bank accounts
Convenience: ToditoCash prepaid cards can be easily purchased and reloaded at numerous retail locations across Mexico, making it convenient for users to manage their funds
Flexibility: The platform allows users to make various types of transactions, such as paying bills, shopping online, and even transferring money. This flexibility makes it a versatile tool for managing finances
OXXO lets people in Mexico pay for online transactions in cash at over 20,000 stores using a simple voucher. It's a key payment option for those without bank accounts or credit cards.
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Reasons for Popularity
Cash-Based Economy: Many people in Mexico still rely heavily on cash for their daily transactions. OXXO Pay caters to this preference by allowing customers to pay for online purchases with cash at any OXXO store
Trust and Familiarity: OXXO is a well-known and trusted brand in Mexico. Many customers feel comfortable using its services, which contributes to the popularity of OXXO Pay as a payment method
Financial Inclusion: A significant portion of the Mexican population remains unbanked or underbanked. OXXO Pay provides these individuals with a way to participate in e-commerce without needing a bank account or credit card
Widespread Network: OXXO is one of the largest convenience store chains in Mexico, with thousands of locations across the country. This extensive network makes it easy for customers to find a nearby store to complete their transactions
SPEI (Sistema de Pagos Electrónicos Interbancarios) is Mexico's Interbank Electronic Payment System, developed by the Bank of Mexico (Banxico). SPEI allows for various transactions, including B2B, B2C, and P2P payments, making it a versatile tool for both businesses and individuals.
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Reasons for Popularity
Nationwide Coverage: Nearly all banks in Mexico participate in SPEI, ensuring that users can make payments efficiently regardless of their bank
Convenience: Users can access SPEI through various channels, including online banking, mobile banking, and bank branches, making it highly accessible
Security and Reliability: SPEI offers secure transactions through a protected network, with no chargebacks and robust fraud protection, which enhances trust among users
CoDi, or Cobro Digital, is a payment system in Mexico that allows for instant bank transfers using a QR code or other digital identifiers.
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Reasons for Popularity
Convenience: CoDi allows individuals to conduct digital transactions using only their mobile phones, which has contributed to financial inclusion
E-commerce and Business Transactions: The platform has facilitated e-commerce and transactions between businesses and consumers, contributing to the growth of the digital economy
