$FMX

4 stories mentioning FMXUpdated 40d ago

Every FINWIRES story that references FMX, newest first.

Update: Femsa's NetPay Unveils Payments System for Mexico Gasoline Stations

(Updates with the company's statement starting in the first paragraph.)Fomento Economico Mexicano's (FMX) NetPay unit introduced a digital payments system designed to modernize operations at gasoline stations across Mexico.The system includes heavy-duty payment terminals and support for alternative payment methods such as QR codes and CoDi, Mexico's central-bank digital payments system, integrating those transactions with station control and operating systems to improve security and efficiency, NetPay said Thursday in a statement.The same digital-payments model could be extended to other sectors, including restaurants, retail, and services, the company said.Price: $121.17, Change: $-1.07, Percent Change: -0.88%

$FMX

Wire55d ago

Fomento Economico Mexicano Shares Rise After Q1 Net Income, Revenue Grow

Fomento Economico Mexicano (FMX), or FEMSA, shares were up more than 1% in Thursday trading after the company reported higher Q1 net income and revenue.The company reported Q1 net income Thursday of 17.64 billion Mexican pesos ($1 billion), up from 8.94 billion pesos a year earlier.Analysts polled by FactSet expected 4.36 billion pesos.Revenue for the quarter ended March 31 was 207.78 billion pesos, up from 195.82 billion pesos a year earlier.Analysts surveyed by FactSet expected 204.95 billion pesos.Price: $112.64, Change: $+0.63, Percent Change: +0.56%

$FMX

Wire55d ago