PEIBO

PEIBO is a Mexican fintech company operating as an Electronic Payment Funds Institution (Institución de Fondos de Pago Electrónico or IFPE) under authorization from the Comisión Nacional Bancaria y de Valores (CNBV), which it received in September 2022. The company is formally registered as Peibo Fintech, S.A.P.I. de C.V. and is regulated by Mexico's Fintech Law. PEIBO is reportedly a subsidiary of BanPay and has expressed intentions to pursue full banking authorization in Mexico. The company targets small and medium-sized enterprises (SMEs) with a comprehensive business financial management platform. PEIBO offers business accounts that enable payments and transfers 24/7, executive corporate cards with virtual card capabilities and digital wallets that integrate with Apple Pay and Google Pay. Additional features include dynamic CVC codes for enhanced online transaction security, real-time spending controls, and the ability to remotely activate or deactivate cards. The platform also supports multi-currency accounts designed for businesses engaged in international operations, providing competitive exchange rates for global transactions. As of mid-2024, PEIBO served over 20,000 clients, primarily SMEs, and processed an average daily transaction flow of approximately 12 billion Mexican pesos. The company operates from Bosques de las Lomas in Cuajimalpa de Morelos, Mexico City, and maintains mobile applications for authentication and account management on both iOS and Android platforms. PEIBO positions itself as an integral financial solution for business operations, combining payment processing, expense management, and treasury services in a single platform.