New open digital wallet ecosystem integrates AI-driven technology, local capabilities, global payment rails, and mass-media reach to provide every Mexican consumer and merchant with digital accounts and credit access
Clip, Mexico’s premier financial ecosystem, announced the launching of Mi Clip, a digital wallet ecosystem designed to accelerate the adoption of digital payments, drive acceptance across merchants and consumers nationwide, and expand access to formal financial services for millions of Mexicans. Mi Clip is supported by commercial and technological solutions from Clip’s payment platform, Ant International’s AI technology, Mastercard’s trusted global payments network and Televisa-Univision’s media outreach.
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Through the initiative, users will be able to access digital wallet accounts that support everyday payments, financial services, and inclusive credit solutions. The wallet is also designed to provide a formal financial identity.
Connecting global financial technology expertise with unmatched local reach, Mi Clip aims to help drive Mexico’s digital economy through three strategic pillars:
- First by providing a simple and easy way for people and businesses that have historically relied on cash with new access to digital payment services, helping them participate in the digital economy through a secure and easy-to-use mobile app
– The new digital wallet is designed to support high-volume, complex payment scenarios, such as “Buen Fin” (Mexico’s annual nationwide shopping event) and other peak shopping periods, to ensure reliable performance;
- Second, by providing merchants and consumers with access to digital accounts, helping expand financial inclusion and addressing the fact that nearly 40% of Mexican adults still lack access to formal financial services;
- Third, by opening access to credit leveraging transaction data and AI-driven insights to unlock credit opportunities for both SMBs and consumers, many of whom are entering the formal credit market for the first time.
Despite rapid improvements in digital infrastructure, Mexico remains a cash-dominant society. According to the 2024 National Financial Inclusion Survey (ENIF), 85% of purchases under 500 pesos are still made in cash, and only 20% of micro-businesses have access to a bank account. This new wallet directly solves these hurdles. For consumers, Mi Clip offers a gateway to digital payments, savings, and credit, making it easier to move from cash to digital transactions. For merchants, it also simplifies access to multiple forms of digital payments through a simple, secure, and easy-to-use platform.
A Convergence of Global Expertise
Mi Clip, the new Clip wallet, leverages the unique strengths of four global supporting leaders:
- Clip: Integrates the solution into the largest merchant network in Mexico, utilizing its loved and trusted brand and local operational excellence to drive rapid adoption.
- Ant International: Provides world-leading AI-powered payment architecture and evolving risk management capabilities to support digital wallets, ensuring a seamless, secure, and hyper-scalable user experience. It also provides global connectivity via Alipay+, a global digital payment gateway that connects 50 global digital wallets with 2 billion user accounts with access to 150 million merchants (including those of 10 national QR schemes). In the next phase, Mi Clip users will be able to make payments overseas, while local merchants will be able to accept payments from international wallets to better serve inbound travelers.
- Mastercard: Brings global payments network capabilities, interoperability standards, and secure acceptance infrastructure to support seamless, trusted, open and scalable digital payment experiences. Mastercard supports the integration of card-based and digital wallet payments, helping to expand financial inclusion and merchant acceptance across channels and geographies. Through its global reach in more than 200 countries, it facilitates secure, interoperable domestic and cross-border transactions, supporting consumers and merchants as they connect to the broader digital economy.
- Televisa-Univision: Acts as the cultural engine and educational bridge, utilizing its massive media reach to build trust and provide financial literacy to millions of families across the country.
Beyond payments, Mi Clip will create long-term value for micro and nano businesses — by helping them build a credit history generating transaction data that can open the door to financing, expanding customer reach to increase revenues, and enabling stronger participation in both local and global supply chains.
“Our mission has always been to empower businesses and that those businesses love us every day, but today, we extend that promise to every single consumer in Mexico,” said Adolfo Babatz, Founder and CEO of Clip. “By connecting Ant International’s technology, Mastercard’s global network, and Televisa-Univision’s unique reach, we are creating a financial tool that is as simple to use as cash but with the security and opportunities of the digital world, including the vital ability to access credit and build a financial future.”
Douglas Feagin, President of Ant International, said: “We are proud to bring our global technology solutions to Mexico through this partnership and honored to welcome Mi Clip users to the Alipay+ payment gateway so that they can pay at merchants globally. Together, we are building a more inclusive digital future for millions of consumers and merchants in what is perhaps the most significant payments opportunity at scale in the world today. Looking ahead, we will pursue AI innovations and agentic commerce applications together.”
“The true value of the digital economy is realized when more people, in more places can access its benefits. This partnership reflects a shared commitment to expanding payment choice and acceptance and advancing financial inclusion in Mexico. Mastercard is proud to support solutions like Mi Clip that enable secure, interoperable, open and scalable digital experiences across the ecosystem”, said Silvana Hernández, Mastercard’s Division President for North Latin America.
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