In 2025, payment gateways in Mexico are reshaping how businesses and consumers transact as digital commerce expands across the country. Digital payment transactions through Sistema de Pagos Electrónicos Interbancarios (SPEI) increased by 37% in 2024, with over 3.8 billion transactions processed (Verified Market Research). The Mexican payments market is projected to grow from $103 billion in 2023 to $168 billion by 2028, at a 10% compound annual rate (PPRO).

As cross-border e-commerce and online business become standard, choosing the right payment gateway is essential for companies aiming to thrive. The steady rise of e-commerce has accelerated the adoption of both digital and cash-based payment solutions, making flexible integration a critical feature for payment gateway providers.

For more on cross-border FX regulations impacting Mexican fintechs, see our guide to cross-border FX regulations for Mexican fintechs.

Key takeaways (TL;DR):

• The Mexican payment market is set to hit $168 billion by 2028 on the back of rapid e-commerce growth.

• Leading gateways mix local cash rails like OXXO with multi-currency, fast-settlement options.

• Fees cluster around 2.9–3.5%, though crypto gateways such as NOWPayments charge less.

• Updated AML/KYC rules and ISO 20022 migration make compliance a top 2025 selection factor.

• Stablecoin-powered platforms like Mural Pay offer instant payouts and virtual USD accounts.

What Makes a Top Payment Gateway in Mexico? (Features, Fees, and FX Demystified)

Selecting a payment gateway in Mexico for 2025 involves balancing transaction costs, settlement speed, foreign exchange capabilities, security, integration, and compliance. While digital payments are expanding, cash is still a primary choice for many. Nearly half of Mexico’s population lacks a bank account, making cash-based solutions such as OXXO Pay vital for reaching a broader customer base (Antom Knowledge).

E-commerce growth has driven more merchants to adopt gateways that support both digital and cash-based payments.

A top payment gateway offers innovation, local payment rails, and strong compliance. Providers that support multiple currencies, competitive FX rates, and flexible e-commerce integration are increasingly preferred. Enforcement actions by Mexican regulators highlight the importance of choosing gateways with a proven compliance record. As AML and KYC regulations are updated, merchants should prioritize providers equipped for regulatory scrutiny—see our compliance checklist for exporters.

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The Top 12 Payment Gateways in Mexico for 2025

Here is an evidence-based snapshot of the most influential payment gateways in Mexico for 2025, including fees, settlement policies, and FX capabilities. Keywords appear naturally within the context.

1. Mural Pay

As a modern stablecoin-powered payments infrastructure, Mural Pay enables instant, low-cost cross-border payments for businesses in Mexico and the Americas. Merchants benefit from multi-currency support, settlements typically within 1–2 business days, and a focus on compliance, with transaction fees around 2.9%. The platform integrates with accounting tools and supports both fiat and stablecoin rails.

2. PayPal

PayPal is a global leader, supporting multiple currencies and offering buyer and seller protection. Transaction fees are typically 3.49% + $0.49 USD, and funds are usually available within one business day. FX rates include a markup of about 3–4%.

3. Mercado Pago

Mercado Pago, the digital wallet arm of Mercado Libre, is the region’s most widely used payment solution, with over 120 million users in Latin America (PPRO). Transaction fees are about 3.5%, and settlement can be immediate for Mercado Libre sales or up to 14 days for other channels.

It supports various payment methods, including QR codes, and is highly integrated with e-commerce. Merchants using Mercado Pago also benefit from analytics and anti-fraud protection built into the platform.

4. PayU

PayU is known for multi-currency support and advanced risk management. Fees are around 3.49% + $0.30 USD per transaction, with settlement usually in 2–3 business days. FX rates include a markup, and some plans have monthly fees.

5. Openpay

Openpay focuses on integration and flexibility, offering transaction fees of about 2.9% + $0.30 USD and typically settling in 1–2 business days. Multi-currency support is available, and monthly fees may apply depending on usage.

6. Conekta

Conekta specializes in card and cash-based payments, offering about 2.9% + $0.30 USD per transaction. Settlement occurs in 2–3 business days, with strong support for local payment methods and APIs for easy integration.

7. OXXO Pay

OXXO Pay enables consumers to complete online purchases by paying cash at more than 22,000 OXXO stores in Mexico. Transaction fees are about 3.5%, with settlement in 1–2 business days. This gateway is crucial for unbanked customers and businesses wanting broad reach.

In January 2025, Nubank partnered with OXXO to enable cash deposits and withdrawals nationwide, expanding financial access for millions (Reuters).

8. BBVA Payment Gateway

BBVA offers around 2.5% transaction fees, 1–2 business day settlements, and multi-currency support. Integration is robust for businesses already using BBVA’s banking services.

9. Kueski Pay

Kueski Pay specializes in “buy now, pay later” services with transaction fees typically around 3%. Settlements occur within 1–2 business days, and payments are processed in MXN.

10. Aplazo

Aplazo allows merchants to offer installment payments, with about 3% transaction fees and 1–2 business day settlements. All payments are in MXN, supporting local consumer needs.

11. NOWPayments

NOWPayments starts at a low 0.5% fee per transaction and supports over 300 cryptocurrencies, with immediate settlement. This gateway is ideal for businesses seeking to accept digital assets, as stablecoins are gaining traction among Mexican SMEs.

12. PayRetailers

PayRetailers charges around 2.9% per transaction, settles in 1–2 business days, and supports multiple currencies. Its focus on cross-border commerce and local integrations makes it popular for e-commerce merchants.

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For a compliance-focused breakdown, see our post on KYC & Tax Rules for Stablecoin Payments in Mexico.

Comparing Fees, Settlement Times, and FX: Who Wins in 2025?

A side-by-side comparison shows that most gateways cluster around the 2.9–3.5% fee range, while NOWPayments stands out for crypto transactions. Settlement times are generally quick (1–2 business days), but some platforms (such as Mercado Pago for non-Mercado Libre sales) may take longer.

Regulatory reforms can directly affect settlement speeds and fees, as gateways may adjust their policies in response to compliance requirements.

When analyzing the comparison of payment gateway fees in Mexico 2025 or searching for the fastest settlement payment processors in Mexico, businesses should consider transaction mix, preferred currencies, and customer preferences.

For further insight on stablecoin cost savings and compliance, see Global Stablecoin Accounts for Mexican SMEs: Cost Savings & Compliance.

Stablecoin On/Off-Ramps: The Next Frontier for Mexican Merchants

While most gateways still center on cards and bank transfers, more Mexican businesses are adding a dedicated stablecoin on-ramp and off-ramp to convert MXN to USDC (and vice versa) without waiting for overseas wires. These rails trim FX spread, operate outside banking hours, and can be layered onto existing checkout flows through a single API.

Rather than replacing conventional processors, on/off-ramps give finance teams an extra lever for supplier payouts and treasury management when volatility rises.

Security, Compliance, and Regulatory Shifts: What Merchants Must Know

It’s a question nearly every merchant faces: how do you pick a payment processor that meets Mexico’s regulatory demands?

Beyond competitive fees and quick settlements, security and compliance are now mandatory for any payment solution. In 2024, Mexican authorities imposed fines totaling over MXN 25 million on institutions for AML/KYC failures (Chambers Fintech Guide).

New AML reforms and CNBV fraud prevention rules for 2025 require payment gateways to implement advanced transaction monitoring, customer authentication, and reporting. The migration to the ISO 20022 messaging standard is also underway, prompting payment companies to upgrade systems for improved data and interoperability.

Choosing a gateway that keeps up with security certifications and compliance systems is critical. For a deeper dive, see our article on KYC & AML rules for stablecoin payments.

Case Studies: Payment Innovation in Action (Cash, Crypto, and QR)

Mercado Pago’s mobile card readers have doubled their merchant base in Mexico over the past year, empowering SMEs to process digital payments with minimal friction (Reuters).

OXXO Pay’s cash integration has enabled millions of unbanked consumers to shop online, with more than 22,000 stores supporting cash-to-digital transactions. This approach has expanded e-commerce access well beyond major cities.

CoDi, the QR-based system from Banco de México, is supporting real-time, cost-free transactions, though adoption is still building. Meanwhile, platforms like Bitso processed $6.5 billion in crypto remittances between the US and Mexico in 2024, showing momentum for stablecoin-powered payments in the region.

For more on stablecoin adoption and innovation, see Stablecoin Growth in Mexico: Opportunities & Trends for Payment Providers.

Key Takeaways for Choosing the Right Payment Gateway in 2025

Many businesses focus only on headline fees, overlooking the impact of settlement times, compliance, and customer preferences.

Key takeaway: The best payment processors in Mexico for 2025 will be those that blend local payment rails, multi-currency support, competitive fees, and proven compliance.

By staying ahead of regulatory and technology trends, merchants can position themselves to grow efficiently and securely. Regulatory clarity is also opening the door for innovation, enabling gateways to expand into new products such as open banking solutions.

For those expanding internationally, understanding cross-border payroll automation advantages can make a significant difference—see our guide on cross-border payroll automation for Mexican businesses.

Interested in upgrading your cross-border payment stack? Reach out to the Mural Pay team for a sandbox demo and discover how stablecoin rails can cut costs without adding operational overhead.

Frequently Asked Questions: Payment Gateways, Fees, and FX in Mexico

Which payment gateway has the lowest fees?
Fees generally range between 2.9% and 3.5% for most providers, but crypto-focused gateways like NOWPayments can go as low as 0.5%. Always review current fee schedules directly with the provider.

How fast are settlements?
Most gateways settle within 1–2 business days, though some (such as Mercado Pago for non-Mercado Libre sales) may take up to 14 days.

What about FX rates?
FX rates fluctuate frequently and can include a markup of 3–4% (PayPal, PayU). Merchants should request real-time FX quotes and monitor rate changes closely.

Are there trends in gateway integration?
API-first integration and plug-and-play e-commerce plugins are now standard, making it easier for businesses to offer diverse payment methods and scale quickly. Open banking standards, while progressing more slowly than expected, are also likely to shape future integration options for Mexican payment providers.

For more, see our article on API-first stablecoin payouts.

References

• Verified Market Research. (2024). Mexico Real-Time Payment Market. https://www.verifiedmarketresearch.com/product/mexico-realtime-payment-market/

• PPRO. (2024). Mexico’s E-Commerce and Digital Payments Growth Era. https://www.ppro.com/insights/mexicos-e-commerce-and-digital-payments-growth-era/

• Antom Knowledge. (2024). Mexico’s Digital Economy: Ripe for Opportunity. https://knowledge.antom.com/mexicos-digital-economy-ripe-for-opportunity

• Reuters. (2025). Brazil’s Nubank Partners with OXXO to Expand in Mexico. https://www.reuters.com/world/americas/brazils-nubank-partners-with-convenience-store-oxxo-expand-mexico-2025-01-13/

• Chambers Fintech Guide. (2024). Fintech Trends and Developments: Mexico. https://practiceguides.chambers.com/practice-guides/fintech-2025/mexico/trends-and-developments

• Mural Pay. (2024). Global Stablecoin Accounts for Mexican SMEs: Cost Savings & Compliance. https://www.muralpay.com/blog/global-stablecoin-accounts-for-mexican-smes-cost-savings-and-compliance

• Mural Pay. (2024). KYC & Tax Rules for Stablecoin Payments in Mexico. https://www.muralpay.com/blog/kyc-and-tax-rules-for-stablecoin-payments-in-mexico