What PESPay does

PESPay (legal entity: PAGO EXPRESS SERVICIOS PREPAGADOS S.A de C.V) is a Mexican cash-in/cash-out (CICO) payment infrastructure provider operating a network of 30,000+ merchant locations across the country, which the company describes as the largest such network in Mexico. The platform enables financial institutions — including Sofipos (Popular Financial Societies), IFPEs (Specialized Financial Institutions), SOFOMs (Multi-Purpose Financial Companies), and multiple banks — to offer cash deposit, withdrawal, and payment services to their end users without the cost of proprietary ATM or branch networks. PESPay operates a B2B2C distribution model: it sells to institutions, which in turn serve consumers who access the service at partner retail merchants via QR and barcode authentication.

The product surface is built around three core services — CASH IN (deposits), CASH OUT (withdrawals), and PAYMENT (mobile purchases) — supported by five operational tools: a real-time reporting console, a sandbox integration environment, a merchant geolocation feature, a dynamic prevention system, and blacklist management. The platform supports transaction types including referenced deposits, credit-card payments, cardless withdrawals, prize payments, social-support disbursements, and authorized credit collection. No public API or developer SDK is disclosed; integration with institutional clients is handled through the sandbox environment and direct sales engagement rather than self-serve documentation.

Revenue is generated primarily through transaction fees on cash deposits, withdrawals, and mobile payments processed across the merchant network, with a secondary revenue stream from API/integration services for institutional clients. Specific pricing tiers and fee structures are not publicly disclosed. PESPay is headquartered in San Pedro Garza García, Nuevo León, and operates exclusively in Mexico. The company is privately held with no disclosed funding rounds, external investors, M&A activity, or parent-company relationships in the available source material.

Name

PESPay

Legal name

PAGO EXPRESS SERVICIOS PREPAGADOS S.A de C.V

Website

https://pespay.com.mx

Company type

Private

Founded year

2008

Operating status

Operating

Headcount range

11–50 employees

Short description

PESPay operates Mexico's largest cash-in/cash-out payment infrastructure network, enabling banks, Sofipos, IFPEs, SOFOMs, and other entities to offer cash deposits, withdrawals, and mobile payments through 30,000+ merchant locations via QR and barcode authentication.

Ownership category

akta.pro rank

Product category

Payment Infrastructure

NAICS

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

SIC

Finance Services (6199)

akta.pro primary industry

Embedded Payments (Pay-ins, Pay-outs, Wallets) (FSAGALAB)

akta.pro secondary industries

POS, SoftPOS & In-Person Acceptance Infrastructure (FSAGABAO), Merchant-of-Record (MoR) & Payment Facilitation (PayFac) Infrastructure (FSAGABAE)

Keywords

• Cash payment infrastructure
• Cash-in cash-out network
• Mobile payment processing
• Merchant payment network
• QR code payments

Headquarters

HQ city

San Pedro

HQ country

Mexico

HQ region

Latin America

Offices2 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

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

Revenue model

1. Cash Deposit Processing (Cash In): Fees charged for cash deposit services including electronic account deposits, credit card payments, referenced deposits, and referenced payments at partner merchant locations
2. Cash Withdrawal Processing (Cash Out): Fees charged for cash withdrawal services including cash disbursement, cardless withdrawals, prize payments, social support payments, and authorized credit collection
3. Mobile Payment Processing: Fees for mobile-based purchases and pre-authorized credit payments using QR/barcode at merchant locations
4. API/Integration Services: Technical integration services for financial entities and businesses to connect to the PESPay payment network via sandbox testing and API access

Go-to-market motion1 record

Distribution channels2 records

Marketing channels3 records

Core offering

PESPay operates a cash payment infrastructure platform in Mexico that enables financial institutions to offer cash deposit (CASH IN), cash withdrawal (CASH OUT), and mobile payment (PAYMENT) services to their end users at a network of 30,000+ partner merchant locations via QR/barcode authentication. The platform is sold to banks, Sofipos, IFPEs, SOFOMs, and non-regulated entities through API integration with sandbox testing, real-time reporting, fraud prevention, and merchant geolocation capabilities.

Product overview

PESPay is a cash payment platform in Mexico operating on a unified mobile-based architecture. The core offering consists of three integrated payment services — CASH IN (deposits), CASH OUT (withdrawals), and PAYMENT (mobile purchases) — all processed via barcode and QR code at a network of over 30,000 partner merchants. These core services are supported by a suite of operational tools including the real-time reporting console, Sandbox integration environment, merchant geolocation, prevention/dynamic blocking system, and blacklist management. Together, the platform enables financial institutions (Sofipos, IFPEs, SOFOMs, banks) to offer cash-in and cash-out services to their end users through the PESPay merchant network.

Differentiator

Problem solved

Functional benefit

Products and services

• CASH IN (Depósitos)

Quantifiable outcome

• 30,000+ merchant locations providing coverage across Mexico

Segments3 records

Ideal customer profiles1 record

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Six partnerships are on record, tiered core and minor.

• Sofipos (Sociedades Financieras Populares)coreOthersPESPay processes cash deposits and withdrawals for Sofipos (Popular Financial Societies), allowing these microfinance institutions to offer cash transaction services to their customers at merchant locations without maintaining expensive branch networks.
• IFPEs (Instituciones Financieras Especializadas)coreOthersPESPay provides payment processing infrastructure for specialized financial institutions (IFPEs), enabling them to offer cash-in/cash-out services through the extensive merchant network.
• SOFOMs (Sociedades Financieras de Objeto Múltiple)coreOthersMultiple object financial companies (SOFOMs) utilize PESPay's platform to process cash transactions including loan disbursements, collections, and payment processing for their clients.
• Banca Múltiple (Multiple Banks)coreOthersPESPay processes cash transactions for multiple banks, enabling bank customers to make deposits and withdrawals at retail locations through mobile-based QR/barcode authentication.
• Entidades No ReguladasminorOthersPESPay provides payment processing services for unregulated entities, extending cash transaction capabilities to non-traditional financial service providers.
• Entidades Vulnerables (Vulnerable Population Entities)minorOthersPESPay processes social support payments and cash disbursements for entities serving vulnerable populations, enabling government and NGO assistance distribution through the merchant network.

Scale indicators1 record

Recent moves4 records

Expansion highlights4 records

Broad incumbents

• Nu México (Nubank): Nu Mexico is a digital bank offering mobile-based deposit, withdrawal, and payment services. It competes with PESPay-enabled institutions for end-user cash transactions and represents a major fintech incumbent with significant capital.
• Mercado Pago: Mercado Pago offers QR-based payment acceptance, cash-in via thousands of retail points, and merchant acquiring across Mexico. While broader in scope (part of Mercado Libre), it directly overlaps with PESPay's QR/barcode payment and cash deposit services.
• BBVA México: BBVA México operates one of Mexico's largest bank branch and ATM networks and offers its own digital payment infrastructure. As both a PESPay client (per the data) and a competitor, BBVA represents the dominant incumbent in cash-based banking.

Emerging players

• Albo: Albo is a Mexican digital bank and fintech offering consumer banking services including payments and account services. Competes indirectly with PESPay-enabled institutions for end-user digital banking relationships.
• Klar: Klar is a Mexican digital bank providing consumer banking, payments, and credit services. Represents a new-generation competitor to PESPay-enabled Sofipos and SOFOMs in the underbanked digital banking segment.
• CLARA: CLARA is a Mexican/LatAm B2B payments and corporate expense platform with expanding presence in Mexico. Adjacent competitor to PESPay in serving financial institutions and businesses with payment infrastructure.

Direct peers

• Spin by OXXO: OXXO's Spin network is one of Mexico's largest cash-in/cash-out and payment platforms, operating through OXXO's vast convenience store footprint. Directly competes with PESPay in enabling cardless cash deposits, withdrawals, and QR-based payments for financial institutions.
• Conekta: Conekta is a Mexican payment infrastructure platform providing online and in-person payment processing APIs for businesses. Competes with PESPay at the payment infrastructure layer, particularly for merchant acquiring and digital payment acceptance.
• CoDi (Cobro Digital): Banco de México's CoDi platform enables QR-based real-time payments via SPEI, competing directly with PESPay's mobile payment and cash-in/cash-out infrastructure at the point of sale. Backed by the central bank, it represents the most direct institutional competitor.
• STP (Sistema de Transferencias y Pagos): STP is one of Mexico's primary payment processors, handling ACH-style transfers and interbank settlement for financial institutions. Competes with PESPay at the infrastructure layer for bank and sofipo transaction processing.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights5 records

Customer concentration

• LinkedInlinkedin.com/company/pespay
• Xx.com/PESPay_
• Facebookfacebook.com/pespay.mx

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 PESPay