Oxxo presented Spin, a digital wallet through which it will be possible to manage, send and receive money from a cell phone or a store of this chain. According to ComproPago, in accordance with the provisions of the fintech law, this platform can offer products and services that it will manage through the Spin brand.
Oxxo, the retail giant that is part of the Femsa family, surprised by presenting its Spin digital wallet, marking the beginning of the chain’s participation in financial technology services, after consolidating its position as the country’s main banking correspondent. As of December 2020, Oxxo had a network of almost 20,800 banking correspondent points, where customers of financial institutions such as BBVA, Citibanamex, Santander, Scotiabank, Caja Popular Mexicana, Caja Morelia Valladolid, among others, can make payments, deposits, and cash withdrawals. This Tuesday, March 2nd, Oxxo presented Spin, which is a digital wallet through which users can manage, send and receive money from a cell phone or a store of this chain. “You choose if you want to keep your virtual account or if you prefer to use a physical Visa debit card. All you need to get started is a national phone number,” reads Spin’s website. If you want to find more details about the company Oxxo and the launch of its digital wallet Spin, download for free the Born2Invest mobile app. Our companion app brings you the latest business news in the world so you can stay informed.