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CountryMexico
Case of useIncome Verification
ProductEmployment data
GoalIncrease credit access
About Macropay
From selling mobile phones to becoming Mexico’s first fintech retailer
Macropay is a company with over 23 years of experience in the market. It started as a mobile phone distributor but has evolved into Mexico’s first fintech retailer.
Its main goal is to provide consumer financing to individuals who often lack access to traditional financial tools due to a limited credit history. Specifically, Macropay specializes in financing technological products and has designed a dynamic and straightforward evaluation and approval process.
Belvo does not grant loans or request deposits. If you wish to learn more about Macropay’s credit services, please visit their website.
THE CHALLENGE
Macropay’s primary challenge is to offer accessible credit to a population that often lacks a traditional credit history but has demonstrable income to purchase consumer technology.
Their initial goal was to identify these incomes, which might not be visible through traditional credit records but could still qualify users for financing technological products. In this way, Macropay aims to make technology purchases more accessible to more people.
To achieve this, Macropay sought a partner that could provide access to users’ employment data— with their consent— while following strict security protocols and ensuring a fast and seamless user experience.
THE SOLUTION
Integrating Belvo’s platform into Macropay’s credit evaluation process has streamlined their credit approval system with positive results.
Previously, customers had to fill out lengthy forms with their employment information, leading many to abandon the process before completing it. Now, thanks to Belvo’s automation, Macropay can access employment data in real-time, reducing the burden on customers and accelerating credit approval.
HOW IT WORKS
The customer provides official identification to verify their identity, personal details, and employment information.
Based on risk assessment, the system determines the credit offer conditions, and the customer selects the repayment period.
Done! The customer receives their Macropay credit.
RESULTS
Thanks to the open finance platform, Macropay has gained access to employment data for 60% of customers for whom this information was previously unavailable.
Simplified credit approval process
Belvo automates real-time employment data retrieval, reducing customer workload and speeding up credit approval.
Access to high-quality, real-time data
Belvo provides direct access to relevant data sources, such as job tenure, employment type, and customer income.
Improved statistical modeling
With the valuable data collected through Belvo, Macropay enhances its statistical models to optimize customer credit scoring.
WHAT THE CLIENT SAYS
"The partnership with Belvo is transforming access to technology in Mexico. With flexible credit lines and simplified processes, we have made it easier for people without a credit history to access technology. Belvo’s solution has been key to our growth, and together, we are driving financial inclusion for previously underserved sectors."
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