STP

Type: Payment System

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About STP

Founded	2004
Headquarters	Mexico City, Mexico
Market share	STP is a significant player in the Mexican payment landscape, competing with other local and international payment systems.
Major competitors	Transferencia Electrónica de Fondos (TEF) PayPal Mercado Pago OXXO Pay
Notable partnerships	Collaboration with major banks like BBVA and Citibanamex. Partnerships with e-commerce platforms to facilitate payments. Integration with popular mobile wallets for enhanced user experience.
Recent developments	Expansion of services to include international transfers. Partnerships with fintech companies to enhance service offerings. Implementation of new security protocols to protect user data.
Regulations	STP operates under the regulations set by the Mexican financial authorities, ensuring compliance with local laws.
Official website	https://www.stp.com.mx