What Redpagos does

Redpagos, legally operated as NUMMI S.A., is a Uruguayan payments and collections network founded in 2001 and headquartered in Montevideo. The company operates a franchise-based physical network of over 1,000 service points distributed across every department of Uruguay, offering a broad portfolio of transactional financial services including bill collection, domestic and international money transfers (via partnerships with MoneyGram and More Money Transfer), banking correspondent services (deposits and withdrawals for BROU, Scotiabank, BBVA, Itaú, Santander, HSBC, Bandes, Heritage, and Banco Nación through TuCajero ATM terminals), salary and pension disbursement, mobile phone recharges, event ticketing, and electronic toll recharges.

The company's technology stack comprises a proprietary payments processing platform, the ABD database automation tool for merchant service data management, the Miredpagos mobile application for self-serve remote transactions, and the Midinero prepaid card and digital wallet. It serves over 2,000 Uruguayan businesses as collection/payment integration partners and a mass-market consumer base, including government beneficiaries through partnerships with BPS (social security) and ANEP (education).

Redpagos generates revenue primarily through transaction fees and commissions on each service category: a fixed fee plus 1% on domestic money transfers, 3.5% plus VAT on collective payments, commissions on banking correspondent transactions, ticket sales, and international remittances. The company maintains no disclosed parent company, no institutional funding rounds, and operates as a privately held Uruguayan corporation with 251-500 employees. Its go-to-market combines a B2B channel partner motion (enterprise bill collection integrations), a franchise/licensed operator model (physical service points), and a self-serve digital channel (Miredpagos app).

Name

Redpagos

Legal name

NUMMI S.A.

Website

https://redpagos.com.uy

Company type

Private

Founded year

2001

Operating status

Operating

Headcount range

251–500 employees

Short description

Redpagos (NUMMI S.A.) operates Uruguay's largest payment and collections network, with 1,000+ franchise locations and digital channels serving 2,000+ businesses and mass-market consumers across bill payment, money transfer, banking correspondent, and prepaid card services.

Ownership category

akta.pro rank

Headquarters

HQ city

Montevideo

HQ country

Uruguay

HQ region

Latin America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Collections and Payment Processing: Processing payments for utility bills, credit cards, loans, and other services for businesses; charges transaction fees to merchant partners
2. National Money Transfers (Giros): Domestic money transfer service with $79 fixed fee plus 1% of transferred amount
3. International Money Transfers: International transfers through MoneyGram and More Money Transfer networks with associated commissions
4. Collective Payments (Colectivos): Common fund collection service for events with 3.5% plus VAT commission on collected amounts
5. Banking Correspondent Services: Cash deposit and withdrawal services for multiple banks through TuCajero terminals
6. Ticket Sales: Commission from selling tickets for spectacles, sports, and entertainment events through ticketing partners

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels6 records

Core offering

Redpagos operates a national payments and collections network in Uruguay with over 1,000 physical franchise locations and the Miredpagos mobile application. Its core services include bill payment collections on behalf of 2,000+ businesses and utilities, domestic and international money transfers, salary and social security disbursements, banking correspondent cash deposits and withdrawals across multiple banks, mobile phone recharges, and event ticket sales, all monetized through per-transaction fees and commissions.

Product overview

Redpagos is a comprehensive payments and collections network operating as a platform of over 200 physical service points across Uruguay, supplemented by digital channels. The core offering centers on bill collection services and a broad range of financial transactions including money transfers (domestic and international via MoneyGram), salary and social security disbursements, and banking correspondent services. Physical locations feature TuCajero ATM terminals enabling cash deposits and withdrawals for multiple banks. The digital ecosystem comprises the Miredpagos mobile app for remote transactions and the Midinero prepaid card for payments and card operations. Additional services include electronic bill payment, ticket sales for entertainment events, mobile phone recharges, group payment pooling (colectivos), electronic invoice verification (consulta CFE), electronic toll recharge (telepeaje), horse racing betting, and a business-oriented database automation tool (ABD). The company also operates a franchise model for expanding its physical network.

Differentiator

Problem solved

Functional benefit

Brands

• Miredpagos: Mobile application enabling users to pay bills, make transfers, top-ups and other financial services from mobile devices
• Midinero

Products and services

• Miredpagos

Quantifiable outcome

• Over 2000 companies rely on Redpagos for payment and collection services

Named customers1 record

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

17 partnerships are on record, tiered core, strategic and minor.

• MoneyGramcoreTechnology or IntegrationInternational money transfer service partnership allowing Redpagos customers to send and receive money globally through MoneyGram's international network
• More Money TransfercoreTechnology or IntegrationInternational money transfer network providing global remittance services alongside MoneyGram
• MidinerocoreStrategic or Co-development PartnerPrepaid card and digital wallet service; related company offering reloadable cards and financial management app integrated with Redpagos network for cash-in and cash-out services
• BROU (Banco de la República Oriental del Uruguay)coreTechnology or IntegrationNational banking partner for deposits, withdrawals, and various banking services through TuCajero terminals
• Scotiabank, BBVA, Itaú, Santander, HSBC, Bandes, Heritage, Banco NacióncoreTechnology or IntegrationBanking correspondent partners enabling cash deposits and withdrawals across multiple financial institutions
• BPS (Banco de Previsión Social)coreChannel Partner/ Reseller/ DistributorSocial security payment partner allowing citizens to collect pensions and social benefits at Redpagos locations
• Accesoya, Redtickets, Tickantel, PasslinestrategicChannel Partner/ Reseller/ DistributorTicketing partners for selling event and spectacle tickets through Redpagos locations
• Hipódromo de MaroñasminorChannel Partner/ Reseller/ DistributorHorse racing betting partner allowing customers to enable accounts and place bets on Maroñas races
• UNICEF UruguaystrategicGTM or Marketing PartnerChild welfare charity partnership under 'Juntos por los niños' program, with Redpagos accepting donations at locations and supporting campaigns
• Pacto Global UruguaystrategicStrategic or Co-development PartnerUN Global Compact initiative membership demonstrating commitment to corporate sustainability and responsible business practices
• SocialabstrategicGTM or Marketing PartnerSocial innovation platform partnership for 'Economía para todos' challenge promoting financial inclusion for vulnerable sectors
• DESEM Junior AchievementminorGTM or Marketing PartnerYouth career development program partnership for 'Socios por un día' initiative bringing students to experience workplace environments
• OmbijamminorGTM or Marketing PartnerLabor reintegration program partnership providing employment opportunities for people with greater difficulties in finding work
• Instituto Camino AbiertominorGTM or Marketing PartnerNon-profit providing services to people with intellectual disabilities; Redpagos serves as sponsor through volunteering activities
• Aldeas Infantiles SOS UruguaystrategicGTM or Marketing PartnerChild welfare organization sponsorship, contributing to care and development of children and adolescents across Uruguay
• Fundación Pérez ScreminiminorGTM or Marketing PartnerFoundation supporting cure of childhood cancer; Redpagos received recognition as 'Empresa Responsable y Comprometida con la Cura del Cáncer en Niños y Adolescentes'
• ANEP (Administración Nacional de Educación Pública)coreChannel Partner/ Reseller/ DistributorEducation authority partner for collecting school contribution payments and distributing educational support funds

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Rapipago: Argentina's largest bill payment and money transfer network, operating thousands of physical service points with collections, giros and banking correspondent services — the closest functional mirror to Redpagos in a neighboring market.
• Pago Fácil: Another dominant Argentine multi-service payment network offering bill collection, money transfers and cash deposit/withdrawal through a national franchise of points — directly comparable to Redpagos' collection-and-correspondent model.
• Efecty: Colombia's leading bill payment and remittance agent network (under Servicios de Colombia), with similar national coverage, franchise model, giro nacional/internacional and banking correspondent offerings comparable to Redpagos.
• Su Red: Mexican payment network providing bill payment, money transfers and banking agent services through affiliated retail points across Mexico — analogous to Redpagos' convenience-store-based collection model.

Broad incumbents

• Western Union: Global cross-border money transfer incumbent; relevant incumbent for Redpagos' international giros service and correspondent agent model, although Western Union also acts as a partner network provider to Redpagos.
• MoneyGram: Global remittance platform and a direct technology/integration partner of Redpagos for international money transfers; represents both an incumbent competitor and a rail upon which Redpagos sells its service.
• MercadoPago: LATAM's largest digital wallet and payment processor; serves overlapping bill payment and money transfer use cases to Redpagos and is the principal digital-first competitor for in-app payment volume in Uruguay.
• PagSeguro / PagBank: Brazilian payments super-app combining point-of-sale, ecommerce, banking-as-a-service and prepaid accounts; comparable broad fintech/payments incumbent with overlapping bill payment, transfers and stored-value products.

Emerging players

• Remitly: Digital remittance fintech growing share of cross-border transfers to Latin America; competes with Redpagos for remittance flows where senders shift from cash-in/cash-out to app-based transfers.
• dLocal: Uruguay-headquartered cross-border payment processor enabling global merchants to accept LATAM payment methods; similar payments/fintech expertise and shared Uruguay footprint, though serving global enterprise rather than retail consumers.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/RedpagosOficial
• Facebookfacebook.com/Redpagos
• LinkedInlinkedin.com/company/redpagos
• Instagraminstagram.com/redpagosuy

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

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 Redpagos