Sr. Pago, Nextel de Mexico and Motorola go after the unbanked market in Mexico with "Plan Mi Negocio"

USA - English

• Latin America - español

MEXICO CITY, March 18, 2015 /PRNewswire/ -- Sr. Pago, the first device for collecting payments via mobile phone with a credit or debit card that is 100% Mexican announced today, together with Motorola and Nextel de Mexico, its "Plan Mi Negocio ['My Business Plan']," which has been created for everyone who needs to take credit or debit card payments through their Smartphone and does not have a bank account or active RFC Tax ID number.

Considering that Mexico is a country with a very low level of banking development, Sr. Pago has a potential market of more than 50 million users, which enables small businesses to increase their sales and discover the benefits of electronic money, making it the gateway for the full development of banking in the country.  

"Plan Mi Negocio" [My Business Plan] costs $450 pesos a month, and with this system clients will have unlimited access to the Sr. Pago app, as well as 1500 megabytes, 1500 minutes, unlimited social networks and radio. In addition, with the 24-month plan, a Moto E device can be included at no extra charge.  

The release of this original new program took place in Mexico City with the attendance of Sr. Pago CEO, Pablo Gonzalez Vargas, accompanied by Edgar Rodriguez Rudich, Director of Institutional Relations and Corporate Communication at Nextel de Mexico, Paola Ortega, Strategic Marketing Director for Nextel de Mexico, as well as David Sarmiento, Manager of Sales for Motorola.

Paola Ortega, Strategic Marketing Director at Nextel, explained that this alliance offers a new alternative for Mexican entrepreneurs: "It is of the utmost importance for us to be at the forefront with plans, services and a major portfolio of devices, and so today, together with Sr. Pago, we are introducing 'Plan Mi Negocio.' In this way, Nextel clients can be sure that we are still devising strategies to make their communication more worthwhile and efficient," she said.  

During the event, demonstrations were given on how the system worked, and how in just 5 minutes and with nothing more than a Smartphone, a business owner can start to collect Credit or Debit Card payments without needing a bank account or RFC Tax ID number.  

Sr. Pago also features a debit card backed up by Mastercard, through which all business owners can have access to the payments they've received via the terminal, and can make cash withdrawals at supermarkets such as Wal-Mart, Comercial Mexicana, Chedraui, Soriana, as well as the entire national network of ATM machines, among other establishments that are joining the company network.  

Finally, Pablo Gonzalez took the opportunity to remark that "this new alliance is an example of what can be done when small businesses work hand in hand with big companies.  No question but this new Plan helps the three companies move towards simple ways of taking payments for small businesses in Mexico… undoubtedly these efforts are a first step towards establishing the banking system in Mexico."

Sr. Pago is a registered trademark that is the property of Cobra On Line S.A. de C.V., and it is the first mobile device with its own platform for taking electronic payments via credit or debit cards. Sr. Pago has the highest standards of quality and computer security, and is transforming Mexico's traditional payment systems.

Photo - http://photos.prnewswire.com/prnh/20150317/182458

SOURCE Sr. Pago