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Amazon
is now accepting cash payments at Mexico’s top corner store chain, Oxxo , both companies announced on Monday, opening a major channel for the e-commerce leader to reach millions of people in the country who rely heavily on cash .
Oxxo has nearly 18,000 stores across Mexico , where nearly 60% of the population lack bank accounts , posing an obstacle for online shopping.
In 2017, Amazon in Mexico began accepting cash payments at several convenience store chains, including 7-Eleven . The partnership with Oxxo , which already accepts cash for a number of o nline merchants including Amazon competitor MercadoLibre , will vastly expand the company’s reach.
Under the service, called Amazon Cash , shoppers can deposit between MXN $100 and MXN $5,000 per transaction to their Amazon accounts online , with a daily limit of MXN $10,000. Amazon will reimburse an MXN $12 commission charged by Oxxo per transaction , the companies said.
The chain already partners with Amazon on a package pick-up program in some 3,000 Oxxo stores , aimed at serving shoppers who live in areas where home delivery is complicated.
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