Ecommerce sites in Mexico face an uphill battle in serving the unbanked consumers. More than 60% of the population in Mexico are unbanked, shutting them off from much of the online retailing requiring a credit card to make purchases. Fortunately, Stripe and OXXO have created an alternative payment method allowing customers to order online and pay for their orders with cash. OXXO is a chain of convenience stores with over 21,000 locations across LATAM. By offering OXXO as a payment method for online transactions, ecommerce retailers can offer unbanked consumers as easy way to purchase online and pay at any OXXO location.
Payoffline was developed by Growthmill to rapidly implement Stripe + OXXO payments on Shopify sites. Buyers place their orders on Shopify stores, select OXXO during checkout and receive a voucher. Customers can use the voucher to pay for their order in cash at more than 21,000 OXXO stores in LATAM. Adding OXXO as a payment method has led to our clients seeing a 15% increase in sales within one week of implementation.Growthmill consultants are experienced in Shopify and Stripe. We can quickly implement a solution allowing merchants to offer OXXO on their Shopify sites.
