Netpay
“Can a FEMSA-backed payment processor become the end-to-end financial operating system for Mexican businesses across retail, fuel, and food verticals?”
Founded2008
HQMonterrey, Nuevo León, Mexico
IndustryFintech / Payments
The story
Founded in 2008 in Monterrey as a traditional card payment processor for Mexican merchants, Netpay evolved into the payments platform of FEMSA (one of Mexico's largest conglomerates), expanding from basic POS/card acquiring into a full payment stack covering ecommerce checkout, payment links, loop, OXXO Pay, and verticalised solutions for petrol stations, retail, and restaurants. The FEMSA backing repositioned Netpay as a financial operating system layer for Mexican businesses rather than a standalone acquirer.
Last 12 months
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Product timeline
2008
Netpay (NetPay, S.A. de C.V.) founded in Monterrey, Mexico as a payment processing and merchant acquiring platform.· payments
2013
Launched IsyPay, a mobile card-reader product for self-employed and small businesses accepting Visa, Mastercard, and Amex at 3.5% per transaction.· card
The stack
1 layer disclosed in Netpay’s embedded-finance stack
Payments / PSP
Netpay (self-operated)
Accounting gap: significant