Amazon will now accept cash payments at Mexico’s most popular chain corner store, Oxxo, the companies announced this month. Reuters reported the partnership will allow Amazon to reach the millions of un-banked customers in the country (estimated to be at 60 percent) who deal solely in cash.
There are almost 18,000 Oxxo stores all over Mexico. Amazon started accepting cash payments in many convenience stores, including 7-Eleven, in 2017.
The service, which is called Amazon Cash, allows Amazon customers in Mexico to deposit between 100 and 5,000 pesos ($5 through $260) per online transaction, with a daily limit of 10,000 pesos. Amazon said it would reimburse a 12-peso commission per transaction.
The two companies already had a previous relationship based on package pickup in 3,000 stores. The service was created to facilitate package delivery in areas where it can be complicated.
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