Amazon expands debit card into Mexico market

Online giant Amazon has made a move on capturing some of Mexico’s spending by introducing a debit card. The alternative to on-line credit card purchases, Amazon Rechargeable, aims to encourage spending from a country that traditionally has shown reluctance to shop via the web. An article in PYMNTS explains, “Users can put cash on the […]

Online giant Amazon has made a move on capturing some of Mexico’s spending by introducing a debit card. The alternative to on-line credit card purchases, Amazon Rechargeable, aims to encourage spending from a country that traditionally has shown reluctance to shop via the web.

An article in PYMNTS explains, “Users can put cash on the card in convenience stores located around Mexico. Amazon debuted its Mexico-based site more than two years ago and is now the country’s third-largest online retailer.

“In October it launched its cash service in Mexico, enabling shoppers to deposit between 100 pesos ($5.20) and 5,000 pesos per transaction at several convenience store chains throughout the country, including 7-Eleven, placing up to 10,000 pesos a day into Amazon accounts online.” Read the full article here.

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