Todito
Todito Cash is a national electronic wallet and payment facility operating mostly in Mexico that allows consumers and merchants to conduct online, secure and hassle-free payments. As a cash prepaid scheme, Todito allows customers to load balances at the store and to pay online without presenting a debit or credit card.
Backed by e-commerce, gaming, and other verticals online due to its integration with payment systems like Paymentwall and Nuvei, Todito Cash is a widely accepted solution in Mexico. It promotes higher financial inclusion, particularly of the unbanked, as it supports online cash transfers.
| Characteristic | Details |
|---|---|
| Regions | Mexico |
| Payment methods accepted | Cash, prepay, mobile, e-wallet |
| Fraud & Risk management | Basic authentication via unique code |
| Accepted Currencies | MXN |
| Set up type | Local integration (via Nuvei, Paymentwall) |
| SDK Stacks | API-based integration available |
| Settlement time | Real-time |
| RegionsMexico | |
| Payment methods acceptedCash, prepay, mobile, e-wallet | |
| Fraud & Risk managementBasic authentication via unique code | |
| Accepted CurrenciesMXN | |
| Set up typeLocal integration (via Nuvei, Paymentwall) | |
| SDK StacksAPI-based integration available | |
| Settlement timeReal-time |
Pros
- For online and offline purchases across Mexico
- Perfect for unbanked clients who make payments in cash or via prepaid vouchers
- Easy to set up — doesn't require a bank account or a card
Cons
- Can only be used in Mexico
- Not for subscription or other recurring transactions
- Need to buy physically or top up at authorized places
Benefits of Using
Todito Cash is to provide a convenient and accessible channel for online payment of goods and services in Mexico for users that do not enjoy access to the conventional traditional monetary system. The clients can pay via this method at authorized points of sale without a card, thus it is a perfect choice for those who prefer cash-mode payment or wish to maintain control over spending.
It allows vendors to receive online payments from a wider range of e-customers, reaching unbanked and underbanked customers. The payments are made in real time, and the merchant receives notification immediately upon confirmation of the payment, which reduces cart abandonment and increases conversion rates.
It is integrated with local payment systems and other digital service platforms (VPA, UPI, OAuth, etc)enabling seamless checkout experience for the user.
How To Use
- Visit a Mexico store that supports Todito Cash
- Purchase a prepaid voucher or load cash onto your account
- Visit the vendor website and select this solution as the method of payment at checkout
- Verify your account details or voucher number
- Confirm the amount and complete the transaction instantly
This method is especially convenient for persons who don't have a financial account or a card but still want to make secure internet purchases. Clients maintain their spending completely in their control using this medium without revealing personal banking details.
Expert Review
It is an easy local alternative payment solution that enables local vendors to tap into a broader audience, particularly among the unbanked or cash-preferred customers. Its technical stability via leading gateways like Paymentwall and Nuvei, and its voucher-based model, make it very accessible for customers who lack credit cards or traditional banking tools.
From a business perspective, Todito provides real-time authorization, local infrastructure, and reduced chargeback risk. However, its restriction to the local market and physical-bound voucher recharges might cap scalability for international merchants.
For companies with intent to target Mexico's growing online customer base, this solution can be a strategic option to increase conversion rates and customer satisfaction via reputable, familiar local infrastructure.
User Reviews
- "I've already paid for online games and bills using Todito Cash numerous times. It's fast and easy for someone like me who lacks a bank account."
- "I've had smooth integration for my small e-store with Paymentwall. Some of my customers prefer Todito to plastic cards."
- "The prepaid model is convenient, but topping up a voucher still seems to be an outdated method. I'd like to have more electronic top-up options."
- "Good to reach Mexican clients, especially youth who prefer making payments in cash or vouchers provided by the shop."
- "Sometimes had issues with code activation, but service corrected it without delay. Generally stable and comfortable."
Safety
It is a Mexican licensed payments platform, offering a safe alternative for those who prefer not to use bank accounts or plastic cards. It operates with prepaid vouchers and codes, limiting fraud possibilities by not leaving sensitive banking data open.
The system is supported by big payment processors like Nuvei and Paymentwall, which follow industry security measures when integrated and processed. However, being a voucher or cash system, end-user responsibility is more important — if a voucher is misplaced or passed around, money may prove to be unrecoverable.
For Business
This solution will help e-commerce sites, online services, and entertainment providers in Mexico with a localized solution for online banking alternatives. Merchants can receive online top-ups through the Todito network, allowing customers who don't have credit cards to make payments using prepaid balances.
Merchants get exposure to a large retail distribution network that raises their coverage of different customer segments. By virtue of its integration with processors like Nuvei and Paymentwall, this method is easily integrable into merchant checkout systems already implemented, making the onboarding very simple and swift.
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FAQ
Where is Todito Cash available?
It is exclusively available in Mexico and is designed specifically for the Mexican market.
What is the main use case of this method?
It allows customers to make online purchases without a credit card or bank account, paying using prepaid vouchers.
Is it suitable for e-commerce sites?
Yes, it is utilized by numerous merchants selling to Mexican customers, especially those favoring cash-based payments.
How does a consumer pay with Todito Cash?
Users can enter their PIN at checkout at participating merchant websites to complete the purchase.
Does this method support recurring billing?
No, it is a single-use, prepaid payment method and does not support subscriptions or recurring payments.