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Counterparty · Payments institution

Tepeyac Payments

Tepeyac Payments is a licensed payments institution that runs peso-denominated supplier and payroll payments for the three pharmaceutical manufacturing positions IGUAKO holds in Mexico. The relationship began in 2024 when the Mexico City office opened. Tepeyac processes around 3,400 payments a month for the three positions and their contract manufacturers.

Type
Payments institution
City
Mexico City
Region
Latin America
Relationship since
2024

The relationship

Pharmaceutical manufacturing has hundreds of small suppliers who need to be paid on time and in pesos. A payments institution does this more cheaply than a correspondent bank and with better reporting. Tepeyac returns a reconciled payment file to the Commercial Finance division each evening, so the working-capital facilities behind each manufacturer can be drawn precisely.

Services to IGUAKO and its clients

  • Peso supplier and payroll payment processing
  • Batch payment files with same-day reconciliation
  • Working-capital drawdown reporting to Commercial Finance
  • Payment screening under the sanctions policy

Also in the region

Latin America.