Amazon Mexico has introduced Amazon Access, a new digital account developed in collaboration with INVEX Banco and Mastercard.

The account allows users to manage their funds directly via the Amazon shopping app and comes with no commission fees or minimum balance requirements.

According to Mexico Business News, the account was initially rolled out to a select group of customers and is issued by INVEX Banco. It does not require users to visit a physical bank branch.

Instead, customers can open an account through the Amazon app and receive a digital card, with the option to request a physical card at no additional cost.

The card can be used for purchases both on and off Amazon’s platform.

Pedro Huerta, Director of Amazon Mexico, said the initiative reflects the company’s commitment to financial and technological inclusion.

“Amazon Access eliminates the need for in-person banking procedures and enables users to manage income and expenses from their phones,”

he said.

He added that Amazon is among the first technology-based commission agents authorised by Mexico’s National Banking and Securities Commission (CNBV).

Account holders will be able to deposit and withdraw cash at more than 30,000 locations, including convenience stores and ATMs.

Other features include real-time transaction notifications, the ability to block the card, and customer service available daily.

As part of its launch promotion, Amazon Access users will receive three free months of Amazon Prime.

Additional Mastercard offers include two-for-one cinema tickets and transportation discounts.

Featured image credit: Amazon Mexico