MEXICO Payment Gateway: Process Local Payments Seamlessly
The second largest market in LatAm still has a lot of room to grow
Global companies selling with EBANX in Mexico
A mobile-first and highly connected society with ever-increasing digital commerce
The country's consuming habits and digitization have changed with the COVID-19 pandemic, with increased connectivity spurring online commerce growth. Since 2019, Mexico has ranked in the top five countries with the most significant e-commerce growth in the world.
+131% YoY growth: account-based transfer was the fastest-growing payment method in Mexico in 2022, followed by BNPL, with annual growth of 82%.
+23% CAGR: the compound annual growth rate through 2025 is 23%.
+38% YoY growth: cross-border annual growth in Mexico in 2022.
Mobile x Desktop: Mexicans bought more using mobile devices (75%) over desktops (25%) in 2022.
Retail: is the industry leader in sales volume ($37 billion in 2022), but when it comes to annual growth rate, travel occupies the highest podium (37%), followed by retail (28%), digital services (26%), and digital goods (23%).
Source: Beyond Borders 2022-2023
EBANX solutions
↪in mexico
Pay-In
Diverse payment methods with solutions that increase your total addressable market by providing the most appropriate options for digital purchases and boosting your performance in cross-border sales with a reliable global settlement network.
100+ direct connections with local acquirers
Optimized balance between approval rates and chargeback levels
Support and performance optimization on recurring payments
Unified reconciliation
Local risk and compliance management
Optimized money flow considering multi-currency sales
One single and easy integration to accelerate go-live or upgrades
Exclusive and innovative technology developed in-house
Payout
Pay suppliers and partners in Mexican Pesos (MXN), using local payment methods. Easily add balance through wire transfer or processed amounts via EBANX.
Fast payouts with local payment methods
90% average success rates
Request single and mass payouts in 3 easy steps
Work with amounts in USD or local currency
No minimum payout amount
Customizable reconciliation and detailed reports
payment methods in mexico
Like many Latin American countries, Mexico has a particular financial system that directly influences how people pay for their purchases. Mexican consumers are used to paying with cash-based methods, and even those with a card usually feel more comfortable paying with cash, simply out of cultural habit.
Payments on digital commerce in Mexico (2022)
Source: EBANX & AMI Datapack 2022 *Includes cash on delivery, gift cards, and other miscellaneous payment methods.
Payment methods available in Mexico with EBANX
Cash-Based Payment
N/A
when a payment is made at intervalsYes
Yes
Credit Cards
Yes
when a payment is made at intervalsYes
Yes
Debit Cards
Yes
when a payment is made at intervalsYes
Yes
Digital Wallets
Yes
when a payment is made at intervalsYes
No
Payment notifications by email
Besides offering several payment methods, EBANX also cares about your customer experience. When your customers in Mexico place an order, EBANX sends a payment-created notification via email. They receive a reminder if the payment isn't made within 24 hours. Finally, a confirmation message is sent by email, closing out the user payment experience after confirmation.
Payouts in Mexico available with EBANX
*Get in touch with us for restrictions or further details.
EBANX makes cross-border payments easy so you can focus on growth
Have a complete payment solution that helps your business cross borders and process international payments in Mexico and 17 other countries in Latin America and Africa.
