Two years after it was launched, Spin by Oxxo, the convenience store chain’s payment platform, has already reached 6 million customers, and within this framework it launched new features.
Spin by Oxxois a regulated entity in the financial sector, given that in October 2022 it obtained a license from the National Banking and Securities Commission (CNBV) to operate as an Electronic Payment Fund Institution (IFPE).
Digital Femsaof which it is a part Spin by Oxxoreported that as part of the new features, you can now request an account Total Spinwhich is an N3 type, which allows receiving deposits and payments of up to 200,000 pesos per month.
Similarly, customers can now purchase gift cards for more than 20 digital services such as Google Play, Amazon, Xbox, Nintendo, PlayStation and Spotify, among others, in addition to receiving remittances from the United States.
The foregoing, in addition to the services that are already known as: receive and send money Spin to Spin; make transfers SPEI to other accounts; top up airtime and pay for multiple services; make deposits and withdrawals in the more than 20,000 Oxxo stores found in more than 1,100 municipalities in the country, and use a Visa card to make purchases in physical and online stores.
Promote financial inclusion
Spin by Oxxo It was launched in Mexico in March 2021 as a digital wallet to expedite people’s money.
“Today it also celebrates reaching more than 6 million customers. Thanks to this, Spin by Oxxo continues to promote financial inclusion throughout the country. For example, at the end of 2022, more than 50% of its clients were women, ”he highlighted.
Ricardo Olmos, director of Spin by Oxxosaid that what is sought is to play a key role in the financial ecosystem, and promote access to the financial sector for millions of people in the country.
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