The majority of the Mexican population uses cash to transact, as only 37% of Mexico’s population uses a bank account for their financial needs. However, 80% of Mexico’s population owns a smartphone and has access to the internet. This equates to an estimated 80 million adults and provides an enormous opportunity to bring financial power to everyone in Mexico
BlocPal has partnered with Grupo Movil Mexico(GMM) - the second largest airtime and bill payments solution in Mexico to create Tortooga Pay. Leveraing GMM's 50million customers and 40,000 retail outlets, BlocPal has created a digital solution that allows consumers to easily pay bills and top-up their airtime from their smartphones.
Creating "Tortooga Pay" as a digital solution provides easier and more convenient payment options and creates an opportunity to integrate third party applications, giving everyone access to financial technologies.
Grupo Movil Mexico is excited about integrating BlocPal's platform with its new venture, Tortooga, whose goal is to provide GMM's customers a digital suite of financial and payment services. BlocPal's solution is a big step forward in this process