PYMNTS-MonitorEdge-May-2024

mexico

Mexico is a country between the U.S. and Central America that's known for its Pacific and Gulf of Mexico beaches and its diverse landscape of mountains, deserts and jungles. Ancient ruins such as Teotihuacán and the Mayan city of Chichén Itzá are scattered throughout the country, as are Spanish colonial-era towns. In capital Mexico City, upscale shops, renowned museums and gourmet restaurants cater to modern life.

Fundacíon Dondé Rolls out Western Union Remittance Services Across Mexico
Fundacíon Dondé Rolls out Western Union Remittance Services Across Mexico
June 28, 2023  |  Global Payments

Fundacíon Dondé has rolled out Western Union remittance services at 332 branch offices across Mexico. The nonprofit private assistance institution’s partnership with Western Union now...

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Shein Expands Global Presence and Diversifies Supply Chain With Locally-Sourced Products
Shein Expands Global Presence and Diversifies Supply Chain With Locally-Sourced Products
June 22, 2023  |  Retail

Fast-fashion retailer Shein reportedly plans to enhance its market presence in Europe and Mexico. The company aims to expand its offering of locally manufactured products,...

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Cash Use Down 23% in Mexico, Cards Fill the Gap
Cash Use Down 23% in Mexico, Cards Fill the Gap
June 20, 2023  |  Merchant Innovation

Shoppers in Mexico strongly prefer shopping in-store to shopping online. Seventy-one percent of local shoppers reported making their most recent retail purchase in a brick-and-mortar...

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Mexico and Peru to Follow Brazil’s Real-Time Payments Footsteps
Mexico and Peru to Follow Brazil’s Real-Time Payments Footsteps
June 18, 2023  |  Real-Time Payments

Despite large proportions of unbanked households hampering real-time payments adoption in Latin America, some countries in the region are expected to see massive real-time payments...

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‘Acquiring in a Box’ in Mexico Helps Merchants Dethrone ‘King Cash’
‘Acquiring in a Box’ in Mexico Helps Merchants Dethrone ‘King Cash’
June 12, 2023  |  Payment Methods

In Latin America, cash remains king. That’s true for many markets in the region, and Mexico stands out as a prime example. Roughly 85% of...

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Citigroup Plans IPO for Mexican Banking Unit Banamex
Citigroup Plans IPO for Mexican Banking Unit Banamex
May 24, 2023  |  Banking

Citigroup says it has decided to take its Mexican retail banking unit Banamex public. The lender announced Wednesday (May 24) it plans to pursue an...

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CellPoint Digital and Xcaret Team on Payments Orchestration
CellPoint Digital and Xcaret Team on Payments Orchestration
May 23, 2023  |  Travel Payments

CellPoint Digital has teamed with Mexico’s Grupo Xcaret to streamline travel payments. “With nearly 40 million foreign tourists expected to visit Mexico in 2023, having a secure,...

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Report: Walmart to Expand Capabilities of Digital Wallet in Mexico
Report: Walmart to Expand Capabilities of Digital Wallet in Mexico
May 09, 2023  |  Walmart

Walmart of Mexico and Central America (Walmex) is reportedly looking to expand the capabilities of its digital wallet. The company said it expects to add...

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MercadoLibre Sees Growth in Commerce and Financial Services in Latin America
MercadoLibre Sees Growth in Commerce and Financial Services in Latin America
May 03, 2023  |  eCommerce

MercadoLibre says it’s taking advantage of growth opportunities in Latin America. The Latin American eCommerce giant saw its net revenues rise 58% year over year...

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