BREAKING INTO MEXICO: UNLOCKING GROWTH IN LATIN AMERICA'S DIGITAL POWERHOUSE

Why EBANX is your key to success in Mexico's thriving digital economy

With EBANX, you're not just entering a new market but opening unparalleled growth potential with a partner who understands the landscape. Our deep local insights, robust payment processing capabilities, and tailored solutions are designed to help you thrive in Mexico.

LEVERAGING MEXICO'S 79% INTERNET PENETRATION AND GROWING MARKET

Mexico is rapidly solidifying its position as the emerging digital giant of Latin America. Over the past decade, internet access among Mexicans has doubled, with a forecasted addition of 12 million new internet users by 2026, the largest increase in LatAm.

  • US$74.5 billion

market value, poised for a 33% annual increase through 2026

2th

largest market in Latin America

72%

digital commerce penetration

NAVIGATING PAYMENTS WITH EBANX: YOUR GUIDE TO SUCCESS IN MEXICO

Mexico's digital commerce landscape is growing rapidly, presenting unique opportunities and challenges for merchants. EBANX offers tailored payment solutions to navigate Mexico's evolving payment ecosystem effectively.

Hybrid Payment Strategies

Success in Mexico hinges on combining traditional card payments and alternative payment methods (APMs). Debit cards hold significant sway in the market, particularly for smaller purchases, while credit cards remain popular for higher-value transactions.

Tapping into the Unbanked

 In a nation where 51% of the population remains unbanked, cash-based vouchers, such as those accepted at OXXO stores, are essential for broadening your total addressable market (TAM). EBANX enables you to reach this demographic seamlessly, ensuring inclusivity in your payment offerings.

Comprehensive Payment Portfolio

EBANX empowers you to offer an extensive payment portfolio tailored to Mexico's diverse consumer base. By combining alternative payments and local cards, EBANX unlocks access to 7 times more consumers than international acquirers, potentially reaching 70 million people.

Key payment methods to win in Mexico

While cards dominate online transactions, offering alternative payment options is vital for driving digital consumer purchases. Here's a closer look at the specific payment methods shaping Mexico's e-commerce landscape and how merchants can leverage them to succeed with EBANX.

Debit and credit cards

Accepting local cards is essential, with debit cards being particularly relevant in Mexico.

Instant Payments

SPEI, Mexico's electronic funds transfer system, processed over 3 billion transactions in 2023, showing potential to revolutionize digital commerce.

Cash-based vouchers

Leveraging OXXO vouchers is crucial for reaching the unbanked population and expanding your customer base.

Get superior payment performance in Mexico.

This SaaS merchant has consistently grown its revenue in Mexico by offering credit and debit cards while maintaining excellent performance levels.

A mix of debit and credit cards ensured consistent revenue growth in Mexico.

Performance uplift on 14p.p. thanks to EBANX's internal capabilities and partnership with issuers and acquirers in MX.

From May 2023 to January 2024, this same merchant's revenue increased 14% due to continuous improvement in performance.

How uplift is calculated: The average approval rate for the first quarter of the merchant's operation is applied to the full period. Extra TPV, or performance uplift, is the difference between this volume (if approval rates stayed the same) and the executed payment volume.  

EBANX is your gateway to Mexico

As an existing merchant partnering with EBANX, you can easily leverage our comprehensive payment platform to expand your business into Mexico and cross borders seamlessly.

Streamlined Entry

Overcome regulatory hurdles effortlessly with EBANX's infrastructure.

Tailored Solutions

Get tailored strategies to meet the unique specificities of the Mexican digital market.

Payment Innovation

Offer diverse payment methods, including SPEI, cash-based vouchers and local cards.

Market Insights

Leverage EBANX's insights to understand Mexican consumer behavior and preferences.

HERE'S WHAT YOUR MEXICAN PAYMENT OFFERING WILL BE LIKE WHEN YOU EXPAND WITH EBANX:

Payment Methods
Installmentswhen a payment is made at intervals
Recurrence
International Settlement
Domestic Settlement
OXXO
OXXO Pay
Paynet
Installments

N/A

when a payment is made at intervals
Recurrence

N/A

International Settlement

Yes

Domestic Settlement

Yes

N/A
N/A
Yes
Yes
Visa
Mastercard
American Express
Carnet
Installments

Yes

when a payment is made at intervals
Recurrence

Yes

International Settlement

Yes

Domestic Settlement

Yes

Yes
Yes
Yes
Yes
Visa
Mastercard
Carnet
American Express
Installments

Yes

when a payment is made at intervals
Recurrence

Yes

International Settlement

Yes

Domestic Settlement

Yes

Yes
Yes
Yes
Yes
Mercado Pago
Mercado Pago Connect
Mercado Crédito (BNPL)
Installments

Yes

when a payment is made at intervals
Recurrence

N/A

International Settlement

Yes

Domestic Settlement

No

Yes
N/A
Yes
No

READY TO LAND AND GROW IN MEXICO?

Ready to unlock Mexico's potential with EBANX? Explore how our merchants have successfully expanded their business to Mexico and grown considerably with us.

Discover their success story now!