Mexico's Oxxo Stores Revamp Digital Wallet Leadership

The operator of Mexico's Oxxo convenience stores is undergoing a leadership change in its digital wallet and payment unit, Spin. Bloomberg posted on X that the company aims to refocus the business after Spin did not generate sufficient traffic for the retail chain. The decision reflects a strategic shift to enhance the unit's performance and better align with the company's overall objectives. The move comes as Oxxo seeks to strengthen its digital offerings and improve customer engagement through its payment solutions.