A digital payment solution for retailers in Mexico

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The Challenge

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

The BlocPal Solution

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.

Products and Services Offered

Using a credit card, allow users from anywhere in the world to top-up a mobile phone from over 132 countries

Allow users from anywhere in the world to pay for a Mexican Utility bill using a credit card

The Bottom Line

Tortooga Pay is just the first step towards driving greater financial inclusion in Mexico. We will continue to offer more products and services, including a pre-paid Mastercard that will increase the purchasing power of unbanked consumers. Furthermore, BlocPal and GMM will continue to make investments in expanding their retail footprint with a goal of hitting 150,000 retailers by the end of 2023. Lastly, we will build upon our strong retail solution to deliver a meaninful consumer solution that will enable services like money transfer, deposit and withdrawl for services etc.

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
- Guillermo Hernandez Rojas CEO of Grupo Movil Mexico