Paymentology and Nelo partner to boost financial inclusion in Mexico

A person holding two pieces of a puzzle photo

Paymentology, a global card and payment processing leader, teamed up with Nelo, a Mexican buy now pay later platform.

The partnership will encompass support for Nelo’s Mastercard for in-person payments via Google Wallet allowing customers to pay their balance immediately over time, along with the introduction of physical cards.

To date, Nelo has raised over $25 million in venture capital and a $100 million credit line from Victory Park Capital.

 “We are very proud to be among the first to enable Google Pay in Mexico. Through our collaboration with Paymentology, we have the expertise and infrastructure to introduce a transparent and equitable credit solution,” said Kyle Miller, Nelo’s co-founder.

While Alejandro Del Río, Paymentology’s Regional Director for Latam, added: 

“We are empowering Nelo to bridge the financial gap, and we are excited to continue supporting their mission to enhance the purchasing power of their customers.”

Read more on Contxto

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