flap

Flap, operating as Adquira México S.A. de C.V., is a Mexican payment processing and collection solutions company founded in 2000 and based in Cuauhtémoc, Ciudad de México. The company was originally established with backing from Telefónica and BBVA, and in 2020, BBVA acquired Telefónica's remaining 50% stake through its subsidiary Openpay, making BBVA the sole owner. Flap specializes in digital payment solutions for enterprises, government entities, and corporatives across Mexico. The company's product portfolio includes mobile point of sale (mPOS) systems, multipayment tools for e-commerce platforms, collection automation solutions, and payment processing infrastructure. Its mPOS Flap product enables small and medium-sized businesses to accept credit and debit card payments (Visa and Mastercard) using smartphones or tablets with a card reader accessory and free mobile application. The company also offers specialized vertical market solutions (bPagos) for specific industries including education, hospitality, municipalities, and condominiums, as well as CRM consulting services through Salesforce implementation. Flap provides internet payment portals that allow customers to pay for services, taxes, and products online using credit cards or BBVA's online check service. The company's infrastructure supports payment processing for major e-commerce platforms, with three of Mexico's five largest e-commerce portals using its payment gateway. Prior to BBVA's full acquisition, Flap and Openpay combined processed over 100 million transactions in 2019. The company's website indicates that new mPOS registrations are currently not being accepted, suggesting potential changes in operational focus under BBVA's full ownership. All Flap payment operations are backed by BBVA México.