NetPay

NetPay is a Mexican payment aggregator and merchant services provider that has operated in the digital payments market since 2008. The company provides electronic payment solutions to retail businesses, independent entrepreneurs, and micro, small, and medium-sized enterprises throughout Mexico. NetPay's product portfolio includes payment terminals, electronic wallets, electronic vouchers, and the ability to accept credit and debit card payments from major networks including Visa and Mastercard, as well as bank transfers and other digital payment methods. The platform combines mobile apps, payment services, and a multi-vendor selection of payment devices to help merchants manage and optimize their payment operations. NetPay also offers transaction monitoring and analytics tools to support business decision-making. In April 2023, FEMSA, the Mexican retail conglomerate that operates the Oxxo convenience store chain, completed its acquisition of 100 percent of NetPay's outstanding shares. FEMSA had initially acquired a minority equity stake in the company in 2019 before finalizing full ownership following regulatory approvals. NetPay now operates as part of FEMSA's Spin business unit, specifically within the Spin Negocios division that serves business-to-business clients. The acquisition positioned NetPay as a fundamental component of FEMSA's broader digital and financial services ecosystem, complementing other offerings such as the Spin by Oxxo digital wallet and the Oxxo Premia loyalty program. Prior to the acquisition, NetPay had expanded its operations into several Latin American countries including Colombia, Chile, Peru, and Brazil. The company is headquartered in Monterrey, Nuevo León, with operations in Ciudad de México.