PreviVale

PreviVale is a Mexican electronic voucher and employee benefits provider that operates through its parent company Previsión del Trabajo, S.A. de C.V. The company specializes in offering electronic payment cards for employee benefits and compensation programs, primarily targeting corporate clients and government entities across Mexico. PreviVale's core products include electronic vouchers for groceries (despensa), fuel (gasolina), and social welfare programs, delivered through prepaid cards accepted at points of sale nationwide. The company operates with over 500 employees and serves both private companies and government agencies, helping them deliver employee benefits while offering tax advantages under Mexican law, including SAT certification for certain products. PreviVale partners strategically with PROSA, a major payment network operator in Mexico, providing acceptance through the CARNET brand at more than 14,000 fuel stations and thousands of retail establishments across the country. The company's electronic voucher solutions help employers manage benefits with fiscal compliance, offering deductibility of up to 53 percent on certain products while reducing operational risks associated with cash handling. In 2021, through its subsidiary Pretech, S.A. de C.V., the parent company Previsión del Trabajo received authorization from Mexico's National Banking and Securities Commission (CNBV) to operate as an Electronic Payment Fund Institution (Institución de Fondos de Pago Electrónico, IFPE) under Mexico's Fintech Law. This authorization allows Pretech to issue, manage, and redeem electronic payment funds in Mexican pesos. The company offers mobile applications for both PreviVale and Pretech brands, enabling cardholders to check balances, lock cards, view transaction history, and manage multiple cards from a single account.