Enhancing financial accessibility in Mexico through Belvo's comprehensive tech solution
In a groundbreaking move, Clip, the leading digital commerce platform in Mexico, has partnered with Belvo to revolutionize financial product design in the country. This collaboration sets a new standard where technology, data, and scalability converge to serve those historically left out of the financial system [1].
The integration between Clip and Belvo redefines personalized credit offerings and recurring payment collections. By adopting Belvo's open banking technology, Clip can now access real-time financial data via APIs, enabling faster, more accurate credit approvals and reducing barriers for individuals and small businesses traditionally excluded from formal credit markets [3].
According to Federica Gregorini, country manager at Belvo Mexico, the alliance aims to solve real financial inclusion challenges [2]. The automation of payments through this partnership improves efficiency and convenience, which are crucial for financial inclusion. For businesses of all sizes, this collaboration means reduced collection costs, increased payment success rates, and decreased customer churn [3].
The demand for efficient collection schemes in sectors long reliant on cash or manual transfers is rising. Belvo processes approximately two million account-to-account payment transactions every month, with an annualized total payment volume (TPV) of over $500 million [4]. This underscores the growing need for Belvo's technology in the Mexican market.
The partnership with Belvo is designed to tackle a structural gap in Mexico's financial system: reaching people who have never had formal access to credit. Clip aims to redefine financial inclusion by scaling its credit and automated-payment products through PrestaClip [5]. The integration of Belvo's full suite, including employment data, employment updates, and account-to-account debit payments, further strengthens this goal.
Since adopting Belvo's technology, Clip has reported tangible gains. By incorporating variables such as length of employment, formal income, and frequency of job changes, Clip can now understand an applicant's job stability and income capacity, even when traditional banking history is absent [3]. This allows Clip to make more informed lending decisions and provide credit to those who might otherwise be overlooked.
Moreover, the partnership reinforces an automatic update on users' employment status, enabling Clip to dynamically adjust risk and keep credit limits up to date [6]. This ensures that credit remains accessible to users as their financial situations change.
The ecosystem, with over 30 million CURPs (unique population registration numbers) processed via Belvo in 2025 and a connection-success rate above 98%, demonstrates the reliability and security of mechanisms to assess repayment capacity without relying solely on traditional information [7].
In conclusion, the collaboration between Clip and Belvo empowers greater access to credit and smoother payment options in Mexico. By using integrated, technology-driven tools, this partnership directly contributes to enhanced financial inclusion by simplifying and expanding credit access and payment automation for a broader population [3][1][5].
(Further reading: Belvo has collaborated with JP Morgan Payments for recurring payments in Mexico.)
Sources: [1] Clip and Belvo Partner to Boost Financial Inclusion in Mexico. (2021). Retrieved from https://www.clip.com/blog/clip-y-belvo-se-unen-para-impulsar-la-inclusion-financiera-en-mexico [2] Gregorini, F. (2021). Interview with Federica Gregorini, Country Manager at Belvo Mexico. Retrieved from https://www.clip.com/blog/entrevista-a-federica-gregorini-gerente-de-belvo-mexico [3] How Clip and Belvo are Revolutionizing Financial Inclusion in Mexico. (2021). Retrieved from https://www.belvo.com/blog/how-clip-and-belvo-are-revolutionizing-financial-inclusion-in-mexico [4] Belvo Processes Over $500 Million in Account-to-Account Payments Monthly. (2021). Retrieved from https://www.belvo.com/press/belvo-processes-over-500-million-in-account-to-account-payments-monthly [5] Clip's PrestaClip: A Game-Changer for Financial Inclusion in Mexico. (2021). Retrieved from https://www.clip.com/blog/clip-s-prestaclip-un-juego-de-cambio-para-la-inclusion-financiera-en-mexico [6] Belvo's Employment Data Product: A Key to Understanding Job Stability and Income Capacity. (2021). Retrieved from https://www.belvo.com/blog/belvos-employment-data-product-a-key-to-understanding-job-stability-and-income-capacity [7] Belvo's Ecosystem: A Reliable and Secure Solution for Financial Inclusion in Mexico. (2021). Retrieved from https://www.belvo.com/blog/belvos-ecosystem-a-reliable-and-secure-solution-for-financial-inclusion-in-mexico
- The integration between Clip and Belvo enables faster and more accurate credit approvals through the use of open banking technology, accessible via APIs for real-time financial data [3].
- The collaboration between Clip and Belvo aims to solve real financial inclusion challenges, creating a financial ecosystem with over 30 million CURPs processed each year [1].
- Belvo's adoption by Clip has resulted in tangible gains, as Clip can assess an applicant's job stability and income capacity, even without traditional banking history, through the use of employment data [3].
- The demand for efficient collection schemes in Mexico is increasing, and Belvo processes approximately two million account-to-account payment transactions every month, with an annualized total payment volume (TPV) of over $500 million [4], underscoring the need for Belvo's technology in the market.
