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Mexico
Top e-commerce industries
23.4%
Electronics
21.1%
Hobby & Leisure
21%
Fashion
Furniture & Homeware
Care Products
DIY
Grocery
Mexico City
Capital
130.7M
Population
-5 to -8
Time Zone (GMT)
MXN ($)
Currency
Mexican peso
$167.7B
Transactions
value in 2028
9.8%
CAGR
of Digital Payments
during 2024-2028
during 2024-2028
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.
Method
Todito
Todito
LPM Market Share
n/a
Payments
Yes
Refunds
Yes - full and partial refunds (automated)
Type
Cash-in
Local Card Scheme
Users
2M
Disbursements
No
No
Chargebacks
$25.00
$25.00
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.
Method
OXXOPay
OXXOPay
LPM Market Share
10%
Payments
Yes
Refunds
Yes - full and partial refunds (automated)
Type
Cash-in
Local Card Scheme
Users
71M
Disbursements
No
No
Chargebacks
$25.00
$25.00
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.
Method
SPEI
SPEI
LPM Market Share
n/a
Payments
Yes
Refunds
Yes - full and partial refunds (automated)
Type
Bank Transfer
Local Card Scheme
Users
17M
Disbursements
Yes
Yes
Chargebacks
$25.00
$25.00
CoDi, or Cobro Digital, is a payment system in Mexico that allows for instant bank transfers using a QR code or other digital identifiers.
Method
CoDi
CoDi
LPM Market Share
n/a
Payments
Yes
Refunds
Yes - full and partial refunds (automated)
Type
Bank Transfer
Local Card Scheme
Users
16M
Disbursements
No
No
Chargebacks
$25.00
$25.00
