FEMSA's NetPay brings digital payments to Mexico gas stations as Sheinbaum pushes shift from cash

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FEMSA's payments unit NetPay launched a digital payments system for Mexico gas stations that accepts card, QR-code and CoDi transactions and ties payments into station control and operating systems. The rollout aligns with President Claudia Sheinbaum's push to reduce cash use and follows government incentives like reduced card-payment commissions through October. FEMSA operates nearly 600 gas stations across 17 states and says the system can scale to other cash-heavy sectors such as restaurants and retail. FEMSA acquired NetPay in 2023 and integrated it into its Spin fintech unit, positioning the company to expand digital payment offerings in Mexico.

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