Ciphra pay

Ciphra Pay is a Mexican fintech company founded in 2021 and based in San Luis Potosí that specializes in cashless payment processing through NFC-enabled wearable technology. The company operates under the brand name Ciphra Cashless and provides payment solutions primarily targeting events and high-traffic businesses such as sports venues, music festivals, fairs, exhibitions, parks, tourist centers, and nightclubs. The platform utilizes NFC (Near Field Communication) technology embedded in wristbands that allow customers to make contactless payments by simply tapping their wearable device at point-of-sale terminals. Users can load funds onto their wristbands either online, with recharge amounts ranging from 150 to 5,000 Mexican pesos, or on-site at the event or business location, where minimum loads start at just 1 peso. The wristbands are designed to be water-resistant and durable for heavy use, and they serve as keepsakes after events. For businesses, Ciphra offers integration with existing payment systems and provides data analytics capabilities to help merchants make informed decisions about their operations. The solution aims to reduce cash handling, improve transaction speed, enhance security, and increase overall sales for merchants while providing customers with a convenient and hygienic payment method. The company positions its technology as beneficial for reducing COVID-19 transmission risks associated with cash and card handling. Ciphra has not secured external funding as of 2025 and remains a bootstrapped operation serving the Mexican market.