Amazon launches multiple payment methods in Mexico! Helping companies grow their online business!

According to foreign media reports, Amazon has recently launched a variety of payment methods in Mexico, including Oxxo offline payment and Amazon gift card payment. Oxxo payment is one of the most popular payment methods for Mexicans. It supports consumers to purchase goods online and then go to Oxxo convenience stores to complete the payment with the receipts and bills.

Amazon has been seeking new payment methods for customers in the region, as digital delivery has been slow to develop due to the low digital banking rates among Mexican consumers, further hindering e-commerce development in the country.

David Miller, general manager of Amazon Mexico, said that Amazon has a responsibility to provide customers with payment methods that they are interested in . At present, the main challenge facing Mexican companies is to continue to expand their customer base and access new payment methods. Merchants must promote and sell through digital channels to meet the growing development needs of Mexican e-commerce.

According to data from the Mexican Online Sales Association (AMVO), e-commerce sales in Mexico accounted for 9% of total retail sales in 2020, with online transactions reaching 316 billion pesos. It is expected that by 2025, e-commerce sales in Mexico will increase by 99%, and the speed of e-commerce development is rapid.

Editor ✎ Nicole/

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