Payment Gateways in Mexico

Absorbing the newest opportunities discovered by the lightning-fast development of high technologies, the realm of e-commerce has undergone significant formations. The latter also affected the fintech industry, which, along with countless advantages, can make it challenging to find the best payment gateway providers Mexico and valuable services.

With a set of cutting-edge services and accompanying advantages regularly updated with new features, Akurateco’s solutions deserve increasing attention, attracting payment service providers and digital commerce specialists of different niches.

Mexican payment landscape: An overview

The digital payments market in Mexico is thriving and rapidly developing, consisting of various payment methods and options. Cash is the leading means of payment, but card-based methods play a significant role in landscape development. The lack of digitalization is explained by the fact that the lion’s share of the population needs bank accounts. At the same time, the development of mobile payments Mexico contributed to the expansion of services for business and various transformations.

Diverse cryptocurrency methods, a BNPL feature, instant transactions, cross-border Mexican payment capabilities, and other features characterize today’s payment market in the country. Last year, the Mexican digital payments market reached $157 billion, while forecasts see it rising to $168 billion by 2028, growing at a CAGR of 10.3%.

How to launch a payment gateway in Mexico?

There are several ways to launch a payment gateway Mexico. Companies can either develop a payment system on their own or opt for a ready-to-use white-label payment gateway. To launch a payment gateway in Mexico independently, a company must first navigate the country’s complex regulatory environment, which includes obtaining authorization from the Comisión Nacional Bancaria y de Valores (CNBV) and adhering to the standards set forth by the Ley para Regular las Instituciones de Tecnología Financiera (Fintech Law). This process involves a thorough examination of the technological infrastructure, security measures, and compliance with anti-money laundering (AML) and Know Your Customer (KYC) regulations. Overall, building the platform from scratch allows for a high degree of customization and flexibility but requires significant financial and time investment.

Opting for a white-label solution to launch a payment gateway in Mexico presents a more streamlined approach, allowing businesses to leverage the infrastructure of an established provider. This route significantly reduces the time-to-market and the complexity of regulatory compliance, as the white-label provider has already navigated the legal and regulatory landscape. Companies choosing this path can focus on branding and customer experience, while the technical and compliance aspects are handled by the provider. However, it’s crucial to partner with a provider that already adheres to Mexico’s financial regulations, like Akurateco, ensuring the solution meets local standards for security, data protection, and transaction processing.

If you want to discover more about white-label payment gateways and what benefits they offer businesses, check out the article below.

A Complete Guide on White-Label Payment Gateway
Read now

The most popular Mexico payment methods

Numerous Mexico online payment methods are divided into categories to allow everyone to find the most suitable one to meet their goals, whether personal or professional.


The answer to which payment method is the most prevalent among local payments in Mexico is the voucher-based method OXXO. After generating tickets, a digital commerce customer can purchase them online and pay them in cash at land-based points. It is possible to use both local and foreign currency, paying a small extra fee. Find out more about OXXO in our dedicated article.


Occupying the top spot among the country’s financial institutions, BBVA (Banco Bilbao Vizcaya Argentaria) is a global company that provides cutting-edge payment services Mexico. It consolidates several payment methods, including debit and credit cards for purchasing in online stores and withdrawing cash from any available ATM. In addition, BBVA offers the latest mobile payment solutions and a set of options for managing bank accounts and transferring money online. Learn more about BBVA here.


Another Mexico payment method, launched by Banco de Mexico almost twenty years ago, features many options aimed at speeding up and securing money transfers within the country with a bank account and recipient data as the only conditions. A long list of advantages makes SPEI attractive to specialists in various niches looking for ways to advance in the market.

Mercado Pago

Owned by the famous marketplace Mercado Libre, the leading Latin American digital payment network combines multiple methods, including e-wallets, credit card payments Mexico, etc. The numerous benefits of cutting-edge Mercado Pado services open the door to various possibilities, starting with hassle-free online money transfers. Point-for-sale solutions for businesses of different sizes, the newest BNPL options of Mercado Credits, and QR code systems are just some of the features worth considering for representatives of various business industries. Check out the article on MercadoPago via the link.


One of the leading digital payment methods, PayPal, allows everyone to send global payments Mexico, no matter where or when. Supporting multiple currencies, accelerating and facilitating cross-border transactions, providing powerful buyer and seller protection, opening up diverse avenues for international business growth, and providing many other options, PayPal deserves the attention of all payment option seekers to satisfy different requests. Discover more about PayPal in our dedicated article.


With many options for buyers, merchants, banks, and others, MasterCard is a multifunctional payment network known for its debit, credit, and prepaid cards. Connecting cardholders, businesses, financial institutions, and individuals allows customers to transfer money online, at land-based locations, or by mobile phone. MasterCard’s global scale, strongly protected environment, unique reward system, and other features confirm the expanded opportunities. Learn more about MasterCard here.

Top Mexico payment gateways

Multiple gateways available in Mexico provide a range of options for business growth, allowing each merchant to satisfy customer needs and boost their sales and services. They include:


As an advanced development by BBVA, Openpay is a popular payment gateway for Mexico that is equipped with a range of options to track different kinds of transactions, speeding up and simplifying various processes. Among the top features are affordable pricing, real-time notifications, an advanced Admin panel, seamless integration with your website or application, and many other opportunities for rapid business promotion. Learn more about OpenPay here.


This payment gateway Mexico paves the way for merchants across industries to contact clients across Latin America and meet their requests. It offers diverse opportunities for digital commerce specialists to track every transaction and build data-driven strategies to increase sales. Find out more about PayRetailers here


With cryptocurrency and stablecoin as its core, Whalestack is among the most preferred Mexico payment gateways for merchants of various industries, providing valuable features to boost their business regardless of size. Low fees, lightning speed, and ease of use are just a few of the benefits that Whalestack’s solutions offer to every merchant, bank, financial service provider, and others, expanding a list of their services and options with crypto-based means of payment.

Clearly Payments

This popular payment gateway for Mexico is known for its advanced payment processing and merchant solutions. The multipurpose all-in-one payment platform offers a variety of features to allow your customers to make payments seamlessly and conveniently. Integrating with your website or store, Cleary Payments will connect you with over a hundred payment methods in different categories.

How can Akurateco help you with payment gateway integration in Mexico?

Akurateco is a renowned white-label payment gateway provider that offers platform tailored to the needs of merchants and payment service providers (PSPs) across various industries. One single integration with Akurateco will provide you with a ready-to-use system, equipped with lightning-fast access to more than 350 integrations, including popular payment methods and gateways in Mexico, as well as top-notch payment technologies. The advanced payment software offered by Akurateco can be tailored to specific industry requirements of every payment provider, bank, and merchant, to meet their versatile business requests.

Benefits of using Akurateco white-label payment gateway in Mexico

By leveraging an advanced white-label solution provided by Akurateco you’ll get access to:

Comprehensive Payment Analytics Monitoring 

Among Akurateco’s most compelling advantages is its cutting-edge payment analytics. A multipurpose admin panel displays all the necessary information, allowing users to control the status of all financial transactions and develop data-driven business growth plans, increasing conversion and achieving business goals.

Increased transaction approval rates

Akurateco system is equipped with intelligent payment routing and cascading technologies. Routing technology can be configured to choose the best route for each transaction. By routing all online payments into the most appropriate channels, users can improve their conversion rates. They can also reduce the number of declined transactions by sending payments declined by one payment provider to another within one payment attempt, completing them successfully.

Powerful Security Measures

Cyber threats and various types of fraud are the worst enemies of experts in any digital field, requiring vital protection, especially regarding payments. The latter makes the most potent risk management system one of Akurateco’s central advantages, facilitating the rapid elimination of payment fraud as a factor preventing revenue increase. Through integration with any of your transactions, the latest robust system strengthens security measures, protects API billings, and provides many other valuable options and tools, preventing suspicious activity.


Which payment methods does Mexico use?

In Mexico, there is a wide variety of payment methods, from traditional to alternative ones, allowing everyone to choose the most suitable payment option. Debit and credit cards are valuable elements of a country’s payment market development. In addition, alternative payment methods such as PayPal, OXXO, and others are highly preferable in the region.

How are online payments regulated in Mexico?

In Mexico, online payments are regulated by the “Ley para Regular las Instituciones de Tecnología Financiera,” commonly known as the Fintech Law, which provides a legal framework for digital financial services including online payments, cryptocurrencies, and crowdfunding. Additionally, the Bank of Mexico (Banxico) and the National Banking and Securities Commission (CNBV) play key roles in overseeing Mexico payment systems and enforcing regulations related to online payment systems and services to ensure security, stability, and consumer protection.

How do you accept payments in Mexico?

There are several ways to start accepting payments in Mexico. One option is that businesses can build a custom payment processing system from scratch. This involves integrating with local payment gateways and complying with the country’s financial regulations. Alternatively, they can opt for a white-label solution. It will allow them to use pre-existing, fully branded payment infrastructure to quickly and easily handle transactions without the need for in-depth technical development or direct regulatory compliance.

Does Akurateco support popular Mexico payment methods?

Akurateco supports over 350 payment methods worldwide. Many are available in Mexico, allowing businesses to use debit and credit cards, digital wallets, bank transfers, and other payment options with many extra features. Additionally, Akurateco can develop custom integrations upon request. If you want to find out more about a particular payment method, feel free to submit the Request a Connector form at the top of the page.

Related Articles

Request a Quote Request a Demo