Allied Wallet, a leading provider of online payment processing offering various payment solutions in 196 countries all over the world, is now compatible with several new, preferred payment options in Mexico, allowing them to better serve Latin America’s 2nd largest e-commerce market.
Mexico’s population of about 127 million spend about $21 billion (USD) a year in e-commerce; the average user spends about $864.
As it stands, only about 44% of their population uses the internet and 47% use a smartphone. However, we see these numbers growing at impressive rates of about 30%.
Since over 60% of Mexico’s population does not have a bank account, their citizens have quite a few alternative payment options that they prefer to use for their transactions, whether they are shopping online, spending or sending money with their smartphone, or even simply paying bills.
Allied Wallet’s platform is now compatible with Mexico’s most preferred payment options including: OXXO, Banamex, BBV Bancomer, and Santander.
OXXO, Banamex, BBV Bancomer, and Santander all offer a similar payment process where a customer can make their payment in a branch and “digitalize” their money.
Once their payment is processed in a branch, they can spend freely online or with their mobile device as long as these payment options are accepted by the merchant or business.
Banamex even has 70,000 contactless terminals throughout the country and a mobile-friendly, purchase history that is viewable on a user’s smartphone.
In a country that has such a significant fear of fraud, these types of payment options are very popular.
“We’re very happy to integrate our state of the art payment solutions with OXXO, Banamex, BBV Bancomer, and Santander. We want Mexican citizens to feel comfortable spending and sending money with Allied Wallet. We want to show them that they don’t have to worry about their money because when it’s being sent or spent with us, it’s safe and secure,” said Dr. Andy Khawaja, CEO of Allied Wallet.
Allied Wallet eWallet users can now load their eWallet with their OXXO, Banamex, BBV Bancomer, or Santander accounts and spend online or send money to friends and family.
In a country with over 16 million online shoppers and 85% of smartphone users on social network apps, the adoption of e-commerce and m-commerce is growing day by day.
Allied Wallet is doing its part to perpetuate growth by making sure that Mexico’s preferred payment options are accepted safely and securely.
About Allied Wallet:
Allied Wallet continues to revolutionize the e-commerce industry by introducing new and innovative payment processing solutions for online merchants, enabling them to send and receive global payments. With PCI compliant merchant services for nearly any business size, Allied Wallet provides a state-of-the-art payment gateway to optimize online transactions. Please visit www.alliedwallet.com.