Amazon now taking cash at Oxxo

Reuters newswire is reporting that Amazon.com has teamed up with Oxxo and has arranged for Oxxo to accept cash payments at all of its stores.

Amazon has been testing the market for a few years, and has now moved to make it available across Latin America to reach the millions of people who rely on cash.

Oxxo has nearly 18,000 stores across Mexico, where nearly 60 percent of the population lack bank accounts, posing an obstacle for online shopping.

Amazon in Mexico also accepts cash payments at several other convenience store chains, including 7-Eleven.

The chain already partners with Amazon on a package pick-up program in some 3,000 Oxxo stores, aimed at serving shoppers who live in areas where home delivery is complicated.