FEMSA NetPay Expands Digital Payments to 600 Mexican Stations as Sheinbaum Pushes Cash Phaseout
Updated
Updated · PaymentsJournal · May 15
FEMSA NetPay Expands Digital Payments to 600 Mexican Stations as Sheinbaum Pushes Cash Phaseout
2 articles · Updated · PaymentsJournal · May 15
Nearly 600 FEMSA gas stations and convenience stores in Mexico will get NetPay systems that take cards, QR codes and central bank-backed CoDi payments through store management platforms.
That integration targets one of Mexico’s biggest barriers to digital adoption—cash-heavy merchants—by tying payments directly to operations instead of adding a separate checkout layer.
Sheinbaum’s government is accelerating the shift after ordering gas stations and highway toll booths to phase out cash by end-2026, while cutting card commissions for gas stations through October.
Federal highway toll booths are expected to go fully digital before year-end, and Mexico is also leaning on fee-free CoDi and DiMo plus Banco del Bienestar to widen access beyond retail.
Mexico has trailed regional peers such as Brazil in digital payments, and analysts say broader network expansion, merchant acceptance and consumer behavior changes will determine how fast cash use falls.
Will Mexico's mandatory digital payment push uplift the economy or exclude millions who rely on cash?
As Mexico adopts instant payments, can it avoid the billion-dollar fraud waves that hit Brazil's system?