MercadoLibre, Inc. partners with Oxxo, Mexico’s largest convenience store chain, to allow Mercado Pago users to withdraw cash from over 22,000 stores. This expands financial access in Mexico, providing a solution for those in areas with limited ATM access. The collaboration aims to enhance user engagement and drive foot traffic to Oxxo stores.

The partnership between MercadoLibre and Oxxo aligns with a trend in Latin America of fintech firms teaming up with retail networks to improve financial inclusion. The move emphasizes Oxxo’s goal to offer essential financial services, while strengthening Mercado Pago’s position in the digital payments landscape. Analysts anticipate increased foot traffic and enhanced competition in the region.

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Read more at Yahoo Finance: MercadoLibre (MELI) Teams with Oxxo to Expand Financial Access Across Mexico