Paga Todo

Banco PagaTodo operates as a licensed multiple banking institution (Institución de Banca Múltiple) in Mexico, authorized by the Comisión Nacional Bancaria y de Valores (CNBV). Founded in 2000 and headquartered in Miguel Hidalgo, Mexico City, the company has evolved from a payment services provider into a digital-first bank serving both individual and business customers across Mexico and six other Latin American countries including Colombia, Ecuador, Peru, Argentina, Chile, and Spain. The institution maintains deposits guaranteed by IPAB up to 400,000 UDIs. Banco PagaTodo provides comprehensive financial services including digital bank accounts, payment processing solutions, cellular top-ups, bill payments, government disbursement programs, gift cards, prepaid cards, loyalty programs, and domestic money transfers. The bank supports over 250,000 merchants and processes more than 50 million transactions monthly, serving over 5 million customers. Its merchant network spans from small independent businesses to major retail chains including Comercial Mexicana, Walmart, and Farmacias Benavides. The platform enables merchants to accept multiple payment methods including credit and debit cards, social program vouchers, and digital wallets. Banco PagaTodo participates in Mexico's CoDi (Cobros Digitales) initiative, offering instant commission-free digital payment capabilities. The company employs approximately 1,000 people and emphasizes financial inclusion by providing accessible banking solutions to underserved populations and facilitating the transition of traditional and informal sectors to digital payments. The bank offers business banking features including sub-account management, payroll disbursement, vendor payments, role-based access controls, and customizable financial reporting tools designed specifically for SME operations.