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Amazon offers cash payments in Mexico for online purchases

Wednesday 25 October 2017 13:45 CET | News

Amazon launched a cash payment service in Mexico for purchases made online, in an effort to drive sales in a heavily cash dependent country. 

Shoppers will be able to add money into their Amazon accounts by making a cash deposit at several convenience store chains. The funds will then be available for online purchases. 

Cash payments are not completely unfamiliar to the ecommerce company. Amazon India has launched a cash on delivery payment method in 2013. Pre-paid options are, however, somehwt new ad the concept was launched only recently in the US and the UK.

The move can also be seen as a strategy to win market share from rival Walmart de Mexico, known as Walmex. 

Amazon is the third-largest online retailer in Mexico, according to market research firm Euromonitor International. It has grown swiftly since debuting its Mexico-based website for physical goods in 2015. 


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Keywords: Amazon, pre-paid, cash payments, ecommerce, online shopping, Mexico
Categories: Payments & Commerce
Companies:
Countries: World
This article is part of category

Payments & Commerce