>> Mexico's Oxxo, a convenient store retailer sells everything, from snacks to beer, and batteries. Now this old school chain has also found a sweet spot for itself in Mexico's online shopping market. Reuters Reporter Daina Beth Solomon is in Mexico City.>> Oxxo is negotiating with Amazon on a service where you can buy your products online and then come into an Oxxo and pay for them in cash.
And it is already working with Amazon on package pickups. You can order your products online and have it sent straight to your local Oxxo. And that's a big deal for people who live in dangerous areas or remote places where they simply don't want to leave packages at the doorstep.
>> Another reason why Oxxo's cash payment model is a big deal, 60% of Mexicans don't have bank accounts. Which means online shopping isn't the seamless affair it is in wealthy countries. Making it one of the few companies in the world with the leverage to dictate turns to Jeff Bezos.
But Oxxo must insure that its e-commerce experiments don't clog registers and bog down basic shopping, which remains its core business.>> Walk through Mexico City and almost everywhere you go, you'll find an Oxxo. It has more than 17,000 locations across the country where you can buy your cigarettes, your soda, your candy.
>> But some Oxxo stores area already congested and clerks only accept small items under 1,500 pesos or $79 that they can easily tuck under the register. Oxxo, not content with being a middleman, is also working on e-commerce efforts of its own and will test a home delivery app next year.