- It is an app to carry out cell phone transactions safely and swiftly.
- It allows you to send and receive money, make deposits and withdrawals in OXXO stores and others.
- The accounts will be opened in COMPROPAGO S.A.P.I. DE C.V. (COMPROPAGO), a company which is currently being authorized by the National Banking and Securities Commission (CNBV).
- Currently, OXXO in-store operations are only available in the State of San Luis Potosí.
Monterrey, Nuevo Leon, Mexico. March 03, 2021. ‘Spin by OXXO’ is a new app to safely and swiftly send and receive money from your cell phone. Likewise, it allows other operations such as deposits and withdrawals from any OXXO store, balance inquiry, purchases and linkage to a VISA card through OXXO stores, SPEI fund transfers, and money transfers between app users.
The accounts will be opened in COMPROPAGO, a company currently being authorized by the CNBV. Currently, the functionalities in the OXXO store are only available in the state of San Luis Potosí. The app is capable of operating nationwide; it is available in the Google Play Store and Apple App Store since March 1, 2021.
‘Spin by OXXO’ aims to simplify the consumer’s daily needs, bringing financial services to the entire population through mobile device innovation and technology. Also, it is simple, straightforward, easy to use, and meets high-security standards.
‘Spin by OXXO’ is one of FEMSA’s efforts to promote financial inclusion in the country.
For more information, visit: www.spinbyoxxo.com.mx
COMPROPAGO, S.A.P.I. DE C.V. is a company that operates under the Eighth Transitory Provision of the Law to Regulate Financial Technology Institutions (Disposición Octava Transitoria de la Ley para Regular las Instituciones de Tecnología Financiera) and currently being authorized to organize and operate as an Electronic Funds Transfer Institution (Institución de Fondos de Pago Electrónico) before the National Banking and Securities Commission (CNBV). Cadena Serys de Recolección, S.A. de C.V., uses the SPIN BY OXXO brand and carries out its operations as a broker and service provider for COMPROPAGO.
FEMSA is a company that generates economic and social value through companies and institutions. It seeks to become the best employer and neighbor for the communities where it operates. It takes part in retail trade through FEMSA Comercio, which comprises the Proximity Division, with OXXO, a chain of small-format stores belonging to such division; a Health Division that includes pharmacies and related activities; and a Fuel Division that operates the OXXO GAS service station chain. Coca-Cola FEMSA, a public bottler of Coca-Cola products, participates in the beverage industry. FEMSA is a shareholder of HEINEKEN, a company in more than 70 countries in the beer sector. Additionally, FEMSA Negocios Estratégicos offers integrated logistics services, point-of-sale refrigeration solutions, and plastics to FEMSA companies and external clients. FEMSA also participates in the cleaning products and consumables distribution industry in the United States. Through its Business Units, it employs more than 320,000 collaborators in 13 countries. FEMSA is a member of the MILA Pacific Alliance Sustainability Index of the Dow Jones, the FTSE4Good Emerging Index, and the Sustainable IPC of the Mexican Stock Exchange, among other indices that evaluate its sustainability performance.
About FEMSA Comercio
FEMSA Comercio is a company that generates economic and social value in the countries where it operates. It operates different small-format retail chains in Mexico, Colombia, Chile, Peru, Ecuador, and Brazil, including the OXXO stores, the YZA Pharmacies, Farmacon, Moderna, Cruz Verde, Fybeca, and SanaSana; and Maicao beauty stores. It also operates service stations under the OXXO GAS brand. FEMSA Comercio employs more than 198,000 employees through its business units and serves more than 13 million daily consumers.