FEMSA’s proximity division, OXXO, closed 2023 with sales surpassing $278 billion MXN, accounting for more than 39% of the company’s total revenues.
During the past 10 years, OXXO’s footprint across Mexican soil has grown from 12,200 stores to more than 23,600 as of June this year. In the process, FEMSA has now built a massively strong network of stores that could be processing over 400 million transactions each month1.
To give some context on how impressive this figure is, the whole SPEI system averaged close to 400 million transactions each month during the first three quarters of this year.
Plus, this figure would be more than double than the total amount of ATM transactions across all commercial banks in the country.