What NetPay does

NetPay (legally NET PAY, S.A.P.I. de C.V.) is a Mexico-based payment aggregator and processor, founded in 2015 and operating as a wholly-owned subsidiary of FEMSA's Spin digital division. The company provides multi-channel payment acceptance solutions to small and medium-sized Mexican merchants across retail, gas stations, healthcare, restaurants, and e-commerce verticals. Its core offering comprises three pillars: Pagos con Tarjeta (in-store card acceptance via DPV POS terminals and mobile card readers), Pagos en Línea (online payment processing through Checkout, Link, Loop, and Maker products), and OXXO PAY (cash payments at OXXO's 24,000+ convenience store network enabling unbanked consumer reach).

The technology stack is centered on a proprietary cloud-based merchant management portal (NET PAY Manager) for transaction visualization, reporting, dispute resolution, and subscription administration. Modular add-ons include an e-commerce store builder (Maker, powered by Ecwid), recurring billing automation (Loop), on-demand payment links (Link), loyalty integration (Spin Premia), QR payments (Spin by OXXO via COMPROPAGO), cash back services, dynamic currency conversion for international cardholders, and embedded sales advance financing (Adelanto de Ventas) facilitated through third-party lender partners. The platform supports major card networks (Visa, Mastercard, AMEX, PROSA, EGLOBAL) with e-commerce plugins for Vtex, Prestashop, Magento, and WooCommerce.

NetPay's business model is primarily transaction-fee based, charging percentage-based commissions on card payments (e.g., OXXO PAY at 3.9% + IVA, Loop/Link at 3.5% + 2.5 MXN) supplemented by subscription revenue from Maker e-commerce plans, terminal rental fees, and electronic airtime reselling. Go-to-market combines a direct sales team targeting mid-market and enterprise merchants with self-serve online registration through netpay.mx for SMB onboarding. Distribution is enhanced by FEMSA ecosystem associations, though specific revenue figures, customer counts, and transaction volumes are not publicly disclosed.

Name

NetPay

Legal name

NET PAY, S.A.P.I. de C.V.

Website

https://netpay.mx

Company type

Private

Founded year

2015

Operating status

Operating

Headcount range

101–250 employees

Short description

NetPay is a Mexico-based payment aggregator and wholly-owned FEMSA subsidiary providing card acceptance, online checkout, and OXXO cash-payment solutions to SMB merchants across retail, restaurants, gas stations, healthcare, and e-commerce verticals.

Ownership category

akta.pro rank

Product category

Payment Processing Services

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232)

SIC

Miscellaneous Business Credit Institution (6159)

akta.pro primary industry

Marketplace / Platform Acquiring (PayFac & Sub-Merchant Management) (FSAMABAF)

akta.pro secondary industries

Merchant Payment Gateways (API/Hosted Checkout) (FSAMACAA), Merchant Acquiring & Processing Platforms (BPAMAFAB), Merchant Acquiring & Card Processing (PSPs) (CRAFALAB)

Keywords

• Payment processing services
• Merchant payment solutions
• POS terminal services
• Online payment gateway
• Cash payment network

Headquarters

HQ city

Monterrey

HQ country

Mexico

HQ region

Latin America

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Operations, Personnel, Marketing or Sales, Infrastructure

Revenue model

1. Transaction Processing Fees: Primary revenue stream from percentage-based transaction fees charged to merchants on every card payment processed. Fees vary by payment method (card present vs. card not present) and card type. The company acts as a payment aggregator, collecting commissions from card networks and passing through funds to merchants minus fees.
2. Subscription Fees (Maker Plans): Recurring subscription revenue from Maker e-commerce platform plans (Basic, Restaurant, Professional, Enterprise) billed monthly or annually. Plans include membership cost plus per-transaction processing fees.
3. Airtime Sales: Revenue from electronic airtime supply to merchants for resale through POS terminals. Merchants purchase airtime credit in advance and resell to consumers.
4. Terminal Rental: Revenue from rental or loan of POS terminal devices (DPV) to merchants. Terms specify that merchants bear replacement costs for lost, stolen, or damaged devices.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels4 records

Core offering

NetPay is a Mexican payment aggregator that enables merchants to accept card payments in-store via POS terminals (DPV) and mobile readers, process online card payments through e-commerce integrations, and accept cash payments from unbanked customers via OXXO PAY across OXXO's 24,000+ convenience store network. The platform is managed centrally through the NET PAY Manager merchant portal and includes modular tools for recurring billing, payment links, e-commerce store building, loyalty, QR payments, and sales advance financing via partner lenders.

Product overview

NetPay operates as a payment aggregation and processing platform offered by NET PAY, S.A.P.I. de C.V., a FEMSA digital division company. The offering is a multi-channel payment platform with modular components: the core services comprise Pagos con Tarjeta (in-store card payments via POS terminals and mobile readers), Pagos en Línea (online payment processing), and OXXO PAY (cash-based online payments at OXXO stores). The platform is managed through the NET PAY Manager portal. Online payment modules include Checkout (e-commerce payment form with plugin support for Vtex, Prestashop, Magento, and Woocommerce), Link (on-demand payment links), Loop (recurring payment automation), and Maker (e-commerce store builder powered by Ecwid). Additional value-added services include Tiempo Aire (mobile top-up), Spin Premia (loyalty program), QR payments via Spin by OXXO, Cash Back (cash withdrawals), Adelanto de Ventas (sales advances via partner lenders), and Dynamic Currency Conversion for international cardholders.

Differentiator

Problem solved

Functional benefit

Brands

• OXXO PAY: Cash payment solution allowing customers to pay online purchases at OXXO convenience stores across Mexico.
• Spin Premia
• NetPay Manager
• NetPay Checkout
• NetPay Link
• NetPay Loop
• NetPay Maker
• Spin by OXXO

Products and services

• Pagos con Tarjeta (Card Payment Processing) Card payment acceptance solution enabling merchants to accept credit, debit, and voucher payments at the point of sale, at the table, or for delivery orders via POS terminals, mobile card readers, and the NET PAY mobile application. Targeted at Mexican merchants in retail, restaurants, gas stations, and healthcare.
• Pagos en Línea (Online Payment Processing) Online payment processing suite enabling merchants to accept card payments through e-commerce stores, websites, apps, or mobile devices with stability, control, and scalability. Targeted at Mexican e-commerce and online merchants.
• OXXO PAY Cash payment solution enabling online purchases for customers without credit or debit cards to be paid in cash at over 24,000 OXXO stores across Mexico, with confirmation in seconds and no chargebacks. Operated by SPIN PAGOS, S.A.P.I. de C.V. Targeted at e-commerce merchants seeking to reach unbanked consumers.
• NET PAY Manager Free cloud-based merchant portal for visualizing and controlling transactions, accessing reports, managing disputes, administering subscriptions, and contracting additional NetPay products in real time. Targeted at all NetPay merchants.
• Dispositivo Punto de Venta (DPV) Terminal Point-of-sale terminal hardware provided by NetPay for processing card-present and card-not-present transactions, available in traditional or mobile configurations with built-in data plans. Targeted at NetPay merchants requiring physical card acceptance devices.
• Maker (E-commerce Store Builder) Online store creation and customization tool enabling merchants to build e-commerce websites, manage products, and sell across social media channels with integrated NET PAY Checkout payment processing. Powered by Ecwid. Subscription plans: Basic, Restaurant, Professional, Enterprise, with 14-day free trial. Targeted at Mexican SMB merchants seeking to launch online stores.
• Loop (Recurring Payments) Automated recurring payment and subscription management solution supporting fixed amounts, variable amounts, and on-demand recurrence models, with ERP/CRM and online store integration via API. Targeted at Mexican merchants with subscription or recurring billing needs.
• Link (Payment Links) On-demand payment link generation tool enabling merchants to send secure payment links via social media, email, or chat for remote payment collection without requiring a website. Accessible via NET PAY POS app or API. Targeted at Mexican merchants without full e-commerce sites.
• Checkout (Online Payment Form) Payment form integration for online stores offering three versions: Hosted Checkout (redirect flow), Custom Checkout (merchant-branded with tokenization), and Checkout PLUS (embedded seamless experience). Supports plugins for Vtex, Prestashop, Magento, and WooCommerce. Targeted at Mexican e-commerce merchants.

Quantifiable outcome

• 24,000+ cash payment points available nationwide through OXXO network
• +2 more outcomes

Segments7 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration5 records

Feature11 records

Partnerships

Four partnerships are on record, tiered core.

• Spin (FEMSA Digital Division)coreStrategic or Co-development PartnerSpin is FEMSA's digital division focused on omnichannel financial inclusion. NetPay builds payment solutions for businesses as part of this ecosystem. Integration includes Spin Premia loyalty program and Spin by OXXO QR payments through NetPay DPV terminals.
• OXXO (Cadena Comercial OXXO)coreStrategic or Co-development PartnerOXXO operates Mexico's largest convenience store chain with over 24,000 locations. NetPay enables OXXO PAY cash payment solution allowing merchants to accept cash payments through the OXXO network. OXXO PAY is operated by SPIN PAGOS, S.A.P.I. de C.V.
• COMPROPAGO (Spin by OXXO)coreTechnology or IntegrationCOMPROPAGO, S.A. DE C.V., INSTITUCIÓN DE FONDOS DE PAGO ELECTRÓNICO operates the Spin by OXXO QR payment solution. NetPay enables QR code payment acceptance on DPV terminals through this integration, allowing contactless QR payments.
• Card Networks (Visa, Mastercard, American Express)coreTechnology or IntegrationNetPay processes payments across major card networks including Visa, Mastercard, American Express, and PROSA/EGLOBAL processors. As a payment aggregator, NetPay operates under agreements with acquirers and card brands for transaction processing.

Scale indicators2 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Clip: Mexican payment aggregator and POS provider targeting SMBs with mobile card readers and processing services. Clip is the closest direct competitor to NetPay in the Mexico SMB acquiring space.
• Conekta: Mexican online payment processor offering Checkout, payment links, and OXXO Pay integrations. Conekta competes directly with NetPay's online payments suite (Checkout, Link, Loop) and shares the OXXO integration angle.
• Sr. Pago: Mexican POS and payment processor historically targeting SMBs with mobile card readers. Comparable merchant profile and POS-led product strategy to NetPay's Pagos con Tarjeta.
• Kushki: Latin American payment processor offering online gateway, POS, and acquiring across multiple LATAM countries including Mexico. Comparable product mix and similar SMB and mid-market focus.
• OpenPay: Mexican payment processor owned by BBVA Mexico, offering online checkout, recurring billing, and POS solutions. Directly comparable to NetPay's acquiring and gateway products.

Others

• CoDi (Banco de México): Banco de México's central bank instant payment QR system. An ecosystem-adjacent infrastructure that competes at the merchant acceptance layer (QR payments) with NetPay's Spin by OXXO offering.
• STP (Sistema de Transferencias y Pagos): Mexico's primary interbank ACH/transfer network operator. Relevant as infrastructure underpinning Mexico's payment flows; an ecosystem participant rather than a direct competitor to NetPay.

Broad incumbents

• Mercado Pago: Largest payments platform in Latin America and dominant Mexican player, offering acquiring, POS, credit, and QR payments. Broader scope and significantly larger scale than NetPay make it the principal incumbent competitor.
• Stripe: Global payment platform with established Mexico operations offering Checkout, Billing, and payment links. Competes with NetPay for online merchants, particularly mid-market and enterprise e-commerce.
• PayPal: Global digital payments incumbent with active Mexico consumer and merchant business. Overlaps with NetPay on online checkout and international card acceptance via DCC.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/netpaymx
• Facebookfacebook.com/NetPayOficial
• LinkedInlinkedin.com/company/net-pay-soluciones-de-pago

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about NetPay