Sistema de Transferencias y Pagos

Name

Sistema de Transferencias y Pagos

Legal name

Sistema de Transferencias y Pagos STP, S.A. de C.V., Institución de Fondos de Pago Electrónico

Website

https://stp.mx

Company type

Private

Founded year

2011

Operating status

Operating

Headcount range

101–250 employees

Ownership category

akta.pro rank

Product category

Electronic Payment Infrastructure

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)

akta.pro primary industry

Merchant-of-Record (MoR) & Payment Facilitation (PayFac) Infrastructure (FSAGABAE)

akta.pro secondary industry

Wire/RTP Confirmation of Payee (CoP) & Beneficiary Verification (FSAMAHAL)

Keywords

• Electronic payments
• Payment infrastructure
• Interbank transfers
• Digital collections
• Fintech APIs

Headquarters

HQ city

Mexico City

HQ country

Mexico

HQ region

Latin America

Offices4 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

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

Revenue model

1. Transaction Fees: STP charges transaction fees for electronic transfers, collections via CLABE accounts, and CoDi QR payments. Transaction costs are published in their fee schedule (Tabla de comisiones). The STP CoDi app for PyMEs offers 0% commission as a promotional rate.
2. Service Payment Commissions: Revenue generated from facilitating bill payments (utilities, airtime, TAG, taxes), where STP earns commissions when users pay services through their platform.
3. API Integration and Enterprise Services: Enterprise-grade services including dedicated VPN per client, private keys encryption, and specialized support for businesses requiring automated payment solutions.

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels7 records

Core offering

STP (Sistema de Transferencias y Pagos) is a regulated Mexican Electronic Payment Fund Institution (IFPE) that provides real-time electronic transfer, QR-code digital collection (CoDi), and bill-payment services to businesses. Its platform combines APIs, a web console (Enlace Financiero) and a mobile app (STP CoDi), enabling enterprises and PyMEs to send/receive SPEI transfers 24/7, generate unique CLABE accounts per customer, validate accounts via CEP, and earn commissions on bill payments across 100+ services.

Product overview

STP (Sistema de Transferencias y Pagos) is a 100% Mexican fintech company authorized by CNBV and Banco de México, operating as an Electronic Payment Fund Institution with 14 years of experience. The company offers a unified platform consisting of three core products: Transferencias Electrónicas Masivas for real-time mass payments and collections via CLABE accounts; CoDi (Cobro Digital) for QR code-based digital collections licensed from Banco de México; and Pago de Servicios for bill payments and recargas. Additional offerings include the CEP account validation module for fraud prevention, the Enlace Financiero web platform for transaction management, the STP CoDig mobile app for SMEs with 0% commission, and the DiMo mobile money solution. The company provides APIs supporting over 1,000 technology integrations and serves more than 17,000 companies.

Differentiator

Problem solved

Functional benefit

Brands

• STP CoDi / STPCoDig: Mobile application for SMEs to collect and pay in their business with 0% commission.
• DiMo (Dinero Móvil)
• PagApp
• Sttega
• MoviendoT
• STP Summit

Products and services

• Transferencias Electrónicas Masivas Real-time electronic transfer and payment solution enabling businesses to automate mass payments to CLABE accounts, debit cards, or mobile phone numbers, with 24/7 SPEI operation and automatic reconciliation.
• CoDi (Cobro Digital) QR-code based digital collection tool licensed from Banco de México enabling businesses to collect payments via QR codes or push-notification messages directly to customers' banking apps, with real-time liquidity and automatic reconciliation.
• Pago de Servicios Bill payment service allowing businesses to offer utility payments (electricity, water, gas, internet), prepaid airtime and TAG top-ups, and government treasury payments (taxes, fines) to end users, with STP earning commissions on transactions.
• DiMo (Dinero Móvil) Mobile money solution enabling transfers using phone numbers as identifiers, allowing small merchants to receive payments with just a telephone number.
• Enlace Financiero STP Self-serve web-based transactional platform for managing SPEI electronic transfers, generating CLABE accounts, viewing balances and monitoring transaction history with Duo Mobile two-factor authentication.
• STP CoDi / STPCoDig Mobile App Mobile application for PyMEs enabling QR-code CoDi collections and payments with 0% commission, allowing users to view account summaries and generate statements.

Quantifiable outcome

• Over 1,500 companies optimize their operations with STP solutions
• +3 more outcomes

Named customers15 records

Segments5 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Feature7 records

Partnerships

Eight partnerships are on record, tiered core and minor.

• StoricoreTechnology or Integration · 1 September 2025Strategic technological alliance between STP and Stori for financial inclusion in Mexico. The partnership combines STP's payment infrastructure with Stori's credit card and financial products to expand access to financial services for underserved populations.
• AcreimexcoreTechnology or Integration · 27 June 2025Acreimex, Mexico's largest savings box (caja de ahorro) and existing STP client, enabled DiMo functionality in their app through STP integration. This partnership expands mobile money access through Acreimex's extensive user base in underserved areas.
• APLAZOminorStrategic or Co-development Partner · 14 April 2025Partnership to transform flexible financing through payment integration. STP enables Aplazo's buy-now-pay-later service by providing payment rails for seamless transactions.
• AFIRE (Asociación de Fintech Reguladas)coreStrategic or Co-development Partner · 20 February 2024STP's Roxana Patiño serves as President of AFIRE, the Association of Regulated Fintechs in Mexico. This leadership position enables STP to influence fintech regulation and industry standards in Mexico.
• SttegaminorStrategic or Co-development PartnerCredit partner offering flexible financing solutions to STP clients. Sttega provides tailored credit products for businesses needing capital optimization. Note: Sttega is offered by Sttega SAPI de CV, which is not supervised or guaranteed by any financial authority.
• Millas para el RetirocoreTechnology or IntegrationStrategic partnership enabling retirement savings contributions through STP's APIs. Any company or application can allow users with active Afore accounts to make voluntary retirement contributions in real-time via SPEI, CoDi, or DiMo from their mobile devices.
• Banco de MéxicocoreStrategic or Co-development PartnerRegulatory authorization to operate as SPEI participant and license to offer CoDi (Cobro Digital) payment services. STP is authorized, regulated, and supervised by Banco de México as an Electronic Payment Fund Institution.
• CNBV (Comisión Nacional Bancaria y de Valores)coreStrategic or Co-development PartnerRegulatory authorization and supervision as an Electronic Payment Fund Institution (Institución de Fondos de Pago Electrónico). STP operates under CNBV regulatory framework.

Scale indicators5 records

Recent moves6 records

Expansion highlights6 records

Emerging players

• Bitso: Mexico's leading crypto exchange and a regulated fintech (IFPE) with similar CNBV authorization profile. While focused on crypto rather than fiat transfers, Bitso shares STP's regulated IFPE status and Mexican fintech infrastructure positioning.
• Belvo: LatAm open banking and financial data API platform with strong Mexico operations. Adjacent to STP as a fintech infrastructure provider in Mexico; while Belvo focuses on data/account aggregation rather than transfers, both serve as API-first rails for Mexican fintechs.

Direct peers

• Kushki: LatAm-focused payment orchestration platform with strong Mexico presence, providing API-based payment processing, collections, and disbursements. Comparable to STP as a payment infrastructure provider targeting Mexican businesses with API-first architecture.
• Sr. Pago: Mexican fintech providing card-acceptance and digital payment terminals to SMBs, with growing presence in transfers and electronic collections. Overlaps with STP in serving Mexican SMB payment digitization needs.
• Conekta: Mexican online payment gateway and processor for digital businesses, offering API-based payment acceptance and orchestration. Comparable to STP as a Mexican fintech payment infrastructure provider targeting enterprises and digital merchants.
• Clip: Mexico-based payment processor and acquirer offering card-acceptance and digital payment solutions to SMBs and enterprises. Directly competes with STP in serving Mexican business payment and collection needs, though Clip is more card-present focused while STP is more A2A/SPEI focused.

Broad incumbents

• Nuvei: Global payment technology provider with established LatAm/Mexico operations providing merchant acquiring, payment processing, and orchestration. Comparable to STP at the broader level as enterprise payment infrastructure serving Mexican businesses.
• Mercado Pago: Latin America's largest digital payments platform and a subsidiary of Mercado Libre. Overlaps with STP in Mexican SMB digital payments, QR collections (via Mercado Pago QR), and payment processing, but operates at much larger scale and as part of a broader e-commerce ecosystem.
• OpenPay (BBVA): Mexican online payment processor owned by BBVA, providing card-not-present payment acceptance and gateway services to merchants. Comparable to STP in the Mexican enterprise payment space, with the backing of a major incumbent bank.

Regional players

• EBANX: LatAm cross-border payment processor with significant Mexico operations, providing payment processing for global merchants entering Mexico. Comparable to STP in API-based payment infrastructure for Mexico, though EBANX focuses on cross-border while STP focuses on domestic SPEI rails.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/STP_SPEI
• LinkedInlinkedin.com/company/stp-mexico
• Facebookfacebook.com/stpfintech

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries4 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 Sistema de Transferencias y Pagos