Sign in Subscribe
Financial services

Global Payments Inc. and Banamex Strengthen Strategic Alliance in Mexico

Strategic Insights

— 1 min read

Global Payments Inc., a leading provider of payment technology and software solutions, and Banco Nacional de Mexico, S.A., a top bank in Mexico, have announced the multi-year renewal and expansion of their strategic alliance. The partnership, which has been an outstanding success story, will continue to bring best-in-class commerce solutions to the acquiring and banking services market in Mexico. Through the strategic alliance, Global Payments provides leading integrated and embedded payment solutions alongside Banamex's banking services offerings.

Key Takeaways:

  • The strategic alliance between Global Payments and Banamex has been extended for multiple years, reinforcing their commitment to bringing best-in-class commerce solutions to Mexico.
  • The partnership will serve the full spectrum of merchants, from small and medium-sized businesses to enterprises, including digital native and brick-and-mortar establishments.
  • Global Payments partners with Banamex via its EVO Payments business, which processes nearly 900M transactions across more than 250,000 installed point-of-sale (POS) systems in Mexico.
  • The alliance represents a significant milestone in the two companies' efforts to build market leadership, unlock new opportunities, and deliver exceptional outcomes for merchants.
  • According to INEGI data, SMEs generate 52% of national revenue in Mexico, making them a driving force behind local development.
  • Banamex, one of the most trusted brands in Mexico, and Global Payments will continue to enhance the payments ecosystem to better serve clients and the Mexican market.

Statistics:

  • Global Payments processes nearly 900M transactions across more than 250,000 installed point-of-sale (POS) systems in Mexico.
  • SMEs generate 52% of national revenue in Mexico, according to INEGI data.
  • Banamex has more than 141 years of history in Mexico.
  • The alliance will enable both companies to continue serving the needs of merchants across Mexico.

Sources:

  • 1. CNBC (2019-04-30). "The 10 Most Valuable Banks in Mexico." CNBC. Retrieved from
  • Global Payments Inc. (2023). "Global Payments and Banamex Announce Multi-Year Renewal and Expansion of Strategic Alliance." Global Payments Inc. Retrieved from

Read more