MercadoLibre (MELI) Teams with Oxxo to Expand Financial Access Across Mexico
A customer using their phone to access an online commerce platform.
The agreement marks a significant step toward expanding financial access for millions of Mexicans. Oxxo's widespread presence gives Mercado Pago users a convenient and secure way to access their funds without relying on bank branches. The integration is designed to be seamless, with transactions processed through Oxxo's existing point-of-sale systems.
Executives from both companies emphasized the broader impact of the collaboration. For Oxxo, the move aligns with its strategy to become a one-stop hub for essential financial services, complementing existing offerings such as bill payments and remittances. For Mercado Pago, the deal strengthens user engagement by adding tangible value to its digital ecosystem.
The initiative comes as part of a broader trend in Latin America, where fintech firms are increasingly partnering with retail networks to bridge gaps in financial inclusion. Analysts say the partnership is likely to drive foot traffic to Oxxo stores while enhancing Mercado Pago's competitive position in the region's fast-evolving digital payments landscape.
While we acknowledge the potential of MELI as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: Top 10 Healthcare AI Stocks to Buy According to Hedge Funds and 10 Consumer Defensive Stocks to Buy Now. Disclosure: None. This article is originally published at Insider Monkey.
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