Global Payments has expanded its partnership with Banco Nacional de México, a part of the Banamex Financial Group, to enhance commerce solutions in Mexico’s acquiring and banking services sector. 

The collaboration is facilitated through Global Payments’ EVO Payments business, which boasts a significant presence in the Mexican market, processing nearly 900 million transactions and servicing over 250,000 installed POS systems.  

The “multi-year renewal” aims to serve small and medium-sized enterprises as well as larger corporations, covering both online and physical retail environments. 

Banamex consumer banking head Sinead O’Connor said: “Aligned with Mexico’s growth, we continue to increase our robust technological payments infrastructure and strengthen our digital capabilities, enabling us to address and provide the best financial and payment solutions for SMEs and Corporates, which are the driving force behind local development.”  

As part of the alliance, Global Payments will deliver integrated and embedded payment solutions that complement Banamex’s existing banking services.  

Global Payments’ Mexico general manager Gabriel Mejía stated:  “Our strategic alliance with Banamex has been an outstanding success story and we are pleased to continue serving the needs of merchants across Mexico with our valued partner.  

“Together, we will continue driving innovation forward so that businesses have the full range of leading commerce solutions they need to compete and win while delivering exceptional experiences for their customers.” 

Last week, the Financial Times reported that Elliott Management, an activist hedge fund, took a “sizeable stake” in Global Payments.  

The payment processor has been facing investor backlash after its $24.2bn Worldpay acquisition pushed shares to a ten-year low.