Amazon Cash is now available in Oxxo, the top corner store chain in Mexico
From：Taiwan Trade Center Mexico
Amazon is now accepting cash payments through Mexico´s top corner store chain “Oxxo”, both companies have announced, opening a major channel for the e-commerce leader to reach millions of people in Mexico who rely heavily on cash.
Oxxo has early 18,000 stores across the country, 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 stores chains, including 7-Eleven. The partnership with Oxxo, which already accepts cash for a number of online merchants such as Mercado Libre, will vastly expand Amazon´s reach.
Under the service, called Amazon Cash, shoppers can deposit between US $5 to US $250 per transaction to their Amazon accounts online, with a daily limit of US $500. Amazon will reimburse an US $0.6 commission charged by Oxxo per transaction, the companies said.
Both companies have been working together on a package pick-up program in some 3,000 stores, aimed at serving shoppers who live in areas where home delivery is complicated.