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Cyprus-based forex broker FXPrimus has started offering local payment system OXXO for traders in Mexico, the broker said.
“This new payment method demonstrates FXPRIMUS’s commitment to providing a smooth and efficient trading journey to clients all around the globe,” the broker said in a statement. “Our clients in Mexico, Latin America, and all around the globe can benefit from an unprecedented safe trading environment.”
OXXO is an off-line payment system which uses an invoice documents emitted with a barcode. It is a very popular payment method in Mexico, accepted in some 13,000 convenience stores across the country. It is estimated that about 32%, or nearly each third offline payment in Mexico is made with OXXO.
FXPrimus is a broker of forex, commodities, energies and indices. It holds a license by the Cyprus Securities and Exchange Commission (CySEC) since December 2014 and can offer its services to clients from all EU member states. It used to hold a license in the Mauritius, but in late March last year the local financial regulator, the Financial Services Commission (FSC), revoked the broker’s license, after suspending it in May 2015 for an indefinite period. The reason was that the Mauritius regulator found FXPrimus guilty of breaching several local laws.