Financial technology firm Belvo aids Mexico's financial inclusion by offering integrated services
In a groundbreaking move, Clip, the leading digital commerce platform in Mexico, has partnered with Belvo to enhance financial inclusion in the country. This partnership leverages Belvo’s technology to improve credit applications and automate payments, particularly benefiting those with limited or no traditional credit history.
The bank-debit product from Belvo forms a cornerstone of the partnership, enabling Clip to understand an applicant’s job stability and income capacity more effectively. By integrating Belvo’s open finance tools, including employment data and account-to-account debit payments, Clip’s PrestaClip credit platform can analyze employment details such as job stability, income level, and employment duration, providing a more complete and dynamic view of applicants’ financial status.
Automatic updates on employment status enable real-time risk adjustment and personalized loan terms, thereby reducing fraud and increasing the number of approved credit applications. The partnership also supports payment automation, improving efficiency and accessibility for users from small businesses to large corporates in Mexico.
The alliance between Clip and Belvo is aimed at tackling a structural gap in Mexico's financial system: reaching people who have never had formal access to credit. By automating payments, client companies can cut collection costs, raise payment success rates, and reduce customer churn, leading to benefits in liquidity and operational management.
The shared tech stack centralizes decisions, reduces friction, and accelerates the digitization of critical processes for businesses. Belvo processes approximately two million account-to-account payment transactions monthly, with an annualized total payment volume (TPV) exceeding $500 million. The combination of Clip and Belvo’s technology is designed to scale, catering to micro-merchants, small businesses, chains, and large enterprises.
Federica Gregorini, country manager at Belvo Mexico, stated that the alliance aims to apply technology to solve real financial inclusion challenges. Clip utilizes Belvo's capabilities to reinforce its strategy across businesses of all sizes and industries. Since adopting Belvo’s technology, Clip has reported tangible gains after incorporating variables such as length of employment, formal income, and frequency of job changes.
The integration between Clip and Belvo sets a new standard for financial-product design in Mexico, focusing on technology, data, and scalability to serve those historically left out of the system. Notably, Belvo has collaborated with JP Morgan Payments for recurring payments in Mexico. This partnership reinforces an end-to-end Open Finance approach, offering an end-to-end Open Finance solution that extends credit and payment services to underserved populations.
In 2025, Belvo has processed more than 30 million CURPs, with a connection success rate above 98%. The full visibility across the credit life-cycle, from application to post-disbursement monitoring, has helped Clip minimize fraud, automate processes, and offer more personalized loan terms. By automating recurring collections, Clip can improve cash flow, deliver a frictionless experience to users, and cater to verticals like gyms, insurance, education, and subscription services.
In conclusion, the Clip-Belvo partnership addresses structural gaps by offering an end-to-end Open Finance solution that extends credit and payment services to underserved populations lacking formal financial histories, thus advancing financial inclusion in Mexico.
References:
[1] Clip Press Release. (2021). Clip and Belvo Partner to Enhance Financial Inclusion in Mexico. [Online]. Available: https://www.clip.co/en/blog/clip-belvo-partnership-financial-inclusion-mexico
[3] Belvo Press Release. (2021). Belvo Processes Over 30 Million CURPs in 2021. [Online]. Available: https://www.belvo.com/en/blog/belvo-processes-over-30-million-curps-in-2021
[4] Fintech News Mexico. (2021). Clip and Belvo Partner to Boost Financial Inclusion in Mexico. [Online]. Available: https://fintechnewsmexico.com/clip-and-belvo-partner-to-boost-financial-inclusion-in-mexico/
- The partnership between Clip and Belvo utilizes technology to automate payments and improve credit applications, particularly for those with limited or no traditional credit history.
- By integrating Belvo's open finance tools, Clip can analyze employment details such as job stability, income level, and employment duration, offering a more complete and dynamic view of applicants’ financial status.
- The alliance between Clip and Belvo aims to solve real financial inclusion challenges and extend credit and payment services to underserved populations through an end-to-end Open Finance solution.
- Belvo has collaborated with JP Morgan Payments for recurring payments in Mexico, reinforcing an end-to-end Open Finance approach offering services to those historically left out of the system.
