Sr. Pago, the First 100% Mexican Company for Taking Credit Card Payments Focused on the Unbanked Market, Launches Operations with American Express

- The strategic alliance with Amex allows businesses with a Sr. Pago reader, including users without a bank account, to take payments with the card

Jul 09, 2015, 13:19 ET from Sr. Pago

MEXICO CITY, July 9, 2015 /PRNewswire/ -- Sr. Pago, the first company that accepts payments to a smartphone made with a credit or debit card using 100% Mexican technology, announced today the start-up of operations with American Express, making it possible for the first time to pay with the credit card at any establishment that has a Sr. Pago reader.

Sr. Pago is the first mobile payment company focused completely on the Mexican unbanked market, with a debit card backed by Mastercard with which any person without a bank account can make withdrawals and payments with the funds charged via the device.

With this strategic alliance, Sr. Pago continues its drive to become the leading facilitator in the country, making it possible for anybody, regardless of his or her banking situation, to be able to accept payments with a credit or debit card, a simple approach offering the benefits of the Mexican banking system minus the need for contracts, fixed payments or the RFC tax ID number.

Pablo Gonzalez, the company's founder and CEO, said, "The idea of having alliances of this nature is for any person currently unable to collect payments electronically to be able to do so easily and seamlessly, and have a product completely tailored to their needs. We must make it so any accountholder of any financial institution can pay for the tacos on the corner with any card. It is important for us as a nation to get to this point."

Payment with American Express cards is already available on all Sr. Pago devices with the update published last Monday on the iOS and Android systems' online stores.

Sr. Pago is a registered trademark that is the property of Cobra On Line S.A. de C.V. It is the first mobile device with its own platform for receiving electronic payments with credit or debit cards. Sr. Pago maintains the highest standards of quality and computer security and is revolutionizing the country's traditional payment systems.  Sr. Pago products include a mobile payment reader, different payment apps for every type of business, the Sr. Pago debit card and payment platforms for a wide variety of Mexican industries.

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