Pademobile

Pademobile is a digital wallet and mobile payment platform that operates in Mexico, enabling users to convert their mobile phones into multi-purpose financial accounts. The company, formally known as Pademobile México, S.A. de C.V., offers services that allow users to make payments directly from their mobile devices without needing to share bank information, pay bills, send mobile top-ups, and conduct peer-to-peer transfers. Users can fund their Pademobile accounts through various mechanisms and make payments at participating merchants by entering their mobile number and a password received via text message. The platform has established partnerships with major retail networks in Mexico, including 7-Eleven convenience stores and Gandhi Bookstores, where customers can use the wallet for transactions and bill payments. Pademobile has also integrated cryptocurrency functionality, having partnered with Mexican exchange Bitso and enabled users to link Coinbase accounts for bitcoin-based payments at merchant locations. The company operates under Mexican peso-denominated accounts with transaction limits of 20,000 pesos per operation. According to regulatory disclosures on their website, Pademobile was conducting fintech activities prior to the 2018 Fintech Law and has applied for authorization from the National Banking and Securities Commission (CNBV) and Banco de México to operate as an Electronic Payment Fund Institution (Institución de Fondos de Pago Electrónico). Until receiving formal authorization, the company's activities are not supervised by Mexican authorities. Pademobile maintains user funds in escrow accounts at national banks, separate from corporate funds. The company is headquartered in Cuauhtémoc, Ciudad de México.