Mexico Real-Time Payment Industry Overview
With consumer preferences changing rapidly, the market has become a lucrative option and thus, has attracted a huge amount of investments. Due to the huge growth potential, the market is moving towards fragmentation due to the new entrants. The service providers are engaging in partnerships to promote product innovation.
- June 2022 - PredictSpring, a market player in omnichannel commerce and modern POS technology, raised USD 16 million in Series B funding, taking its total funding to date to USD 32 million. The company aims to use the new funding to accelerate the growth of its omnichannel business and grow its R&D and go-to-market teams.
- February 2022 - UK FinTech Transact365 launched its payments platform in Latin America. This move allows for cross-border and local eCommerce transactions using local payment methods like PIX and Boleto, letting consumers make online transactions and giving merchants access to them. Transact365's Latin American payment network includes Mexico, Brazil, Colombia, among others.
Mexico Real-Time Payment Market Leaders
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ACI Worldwide, Inc
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Mastercard, Inc
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PayPal Holdings, Inc
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Visa Inc
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Fiserve
- *Disclaimer: Major Players sorted in no particular order
