FEMSA's NetPay rolls out digital payments at Mexican gas stations
Mexican retail group FEMSA is rolling out its NetPay platform to digital-payment-enable its OXXO Gas filling stations. President Claudia Sheinbaum has flagged the move as central to her push to reduce cash use across the economy.
NetPay, the payments arm of Mexican conglomerate FEMSA, is enabling digital payment acceptance across the OXXO Gas filling-station chain. Investing.com reports the rollout is designed to reduce the share of cash transactions in FEMSA's wider retail and fuel network.
President Claudia Sheinbaum has placed lower cash use at the centre of a policy push that ties together fiscal transparency and a broader tax base. The federal government is running campaigns to encourage small merchants to accept card payments.
The daily footfall through OXXO Gas gives the project a sizeable testbed for scale. Analysts say the move could strengthen Mexico's standing in regional fintech competition with Brazil and Colombia.
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