About Kushki and its Relevance
Kushki, a Latin American online payments platform originating from Ecuador, has announced a 40% increase in profits in Mexico during the first half of 2025. This achievement has positioned Mexico as Kushki’s primary market, making it a significant milestone for the fintech company.
Reasons Behind Kushki’s Success in Mexico
Kushki attributes its growth to the expansion of its services in retail, digital economy, and financial services sectors. Fernando López, the country manager of Kushki Mexico, highlighted several factors contributing to this success in a press release:
- Increase in SPEI payments: The rise in transactions through the SPEI (Interbank Electronic Payment System) has played a crucial role in Kushki’s growth.
- Decline in cash payments: There is a growing trend towards reducing cash transactions, which has positively impacted Kushki’s digital payment solutions.
- Government support for digital payments: The Mexican government’s endorsement of digital payment systems has further bolstered Kushki’s expansion.
Kushki’s Future Plans in Mexico
López expressed optimism about the continued growth of the payments ecosystem in Mexico, stating that Kushki will continue to collaborate with major Mexican companies. The aim is to provide them with Kushki’s technology and infrastructure, enabling faster, smoother, and more secure online and in-store payment experiences.
Key Questions and Answers
- What is Kushki? Kushki is a Latin American online payments platform that offers secure and efficient payment solutions for businesses.
- Why is Kushki’s success in Mexico significant? Kushki’s 40% profit increase in Mexico during H1 2025 highlights its growing presence and influence in the fintech sector, making Mexico its primary market.
- What factors contributed to Kushki’s growth in Mexico? The rise in SPEI payments, the decline in cash transactions, and government support for digital payment systems have all played essential roles.
- What are Kushki’s future plans in Mexico? Kushki intends to continue partnering with major Mexican companies, providing them with advanced payment technologies and infrastructure for enhanced customer experiences.
