Description: Oxxo Pay is an online payment method that allows users to make purchases on the internet and pay for them at Oxxo convenience stores, which are widely recognized in Mexico. This system is designed to facilitate digital transactions, especially for those who do not have credit or debit cards. Oxxo Pay integrates into the purchasing process on various e-commerce platforms, generating a barcode or reference number that the user can take to any Oxxo store to complete the payment. This method is particularly useful in a country where a large part of the population prefers to conduct their transactions in cash. Additionally, Oxxo Pay offers a secure and quick solution, as users can make their payments at any time, taking advantage of the extensive network of Oxxo stores operating throughout the country, making it a convenient and accessible option for millions of Mexicans. The simplicity of the process, which does not require a bank account, and the ability to pay in cash have contributed to its popularity in the realm of e-commerce in Mexico.
History: Oxxo Pay was launched in 2018 as part of FEMSA’s strategy, the parent company of Oxxo, to diversify its services and adapt to e-commerce trends. Since its inception, it has evolved to integrate with various payment and online commerce platforms, facilitating access for consumers who prefer to pay in cash.
Uses: Oxxo Pay is primarily used to make online purchases on various e-commerce platforms. Users can select Oxxo Pay as a payment method at checkout, generating a code that they must present at the Oxxo store to complete the transaction. It is also used to pay for services such as mobile phone top-ups and bills.
Examples: A practical example of Oxxo Pay is when a user purchases a product from an online store, selects Oxxo Pay as the payment method, receives a barcode, and then heads to the nearest Oxxo store to pay in cash. Another example is using Oxxo Pay to top up balance on mobile phone services.
