Pagando offers a digital banking platform that provides customizable personal and business accounts, along with virtual and physical cards, all managed through a secure mobile app. The platform addresses the need for accessible financial services by eliminating minimum balance requirements and enabling 24/7 transactions, including instant transfers and bill payments.
Funding
$2.7M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Traditional banking services in Mexico often require physical branch visits, long wait times, and complex paperwork, creating barriers for individuals and businesses seeking efficient financial solutions. Many individuals lack access to basic financial services due to high minimum balance requirements and restrictive operating hours.
Solution
Pagando provides a digital banking platform accessible via a mobile app, offering a range of customizable personal and business accounts, along with virtual and physical Mastercard-backed cards. The platform eliminates the need for branch visits by enabling users to manage their finances 24/7, including instant SPEI transfers, bill payments, and the ability to send and receive funds from the United States. Pagando offers various account tiers with different features, deposit limits, and transaction allowances, allowing users to select the option that best fits their needs.
Target Audience
Pagando targets individuals and businesses in Mexico seeking accessible and convenient digital financial services, including those underserved by traditional banks, such as entrepreneurs, SMEs, and individuals who require international money transfer capabilities.
Features
- Customizable personal and business accounts with varying features and transaction limits
- Virtual and physical Mastercard-backed cards for online and in-store purchases
- Instant SPEI transfers for 24/7 domestic transactions
- International money transfers from the United States
- Bill payment functionality for utilities and other services
- Cash deposits and withdrawals at participating retailers and ATMs
- Real-time transaction notifications and detailed account history
- Card blocking feature in case of theft or loss
- Integration with Apple Pay and Google Pay for contactless payments