BBVA México and Saeko announce alliance to promote financial inclusion

By BBVA Mexico

This is a machine translation of the original press release issued in Spanish

Through Open Banking and the use of APIs , the bank puts its products and services in the hands of third parties.

▰ It seeks to offer banking services to about 20,000 students, helping with it, the automation of tasks and processes in the areas of academic, school and financial control.

▰ This alliance is placed within the framework of BBVA's 2025 commitment, which aims to align the business activity of the Financial Group with the Paris Agreement and the UN Sustainable Development Goals (SDGs).

BBVA Mexico is convinced that financial inclusion is a key axis for the transformation of the country. That is why Saeko, (an online platform that allows contracting and managing the information of various educational institutions), has joined forces to bank about 20 thousand students who currently do not have access to financial services and who require tuition payments, courses, enrollments, among others, offering them the opportunity to open a BBVA Mexico account from the Saeko application.

Sergio Torres Lebrija, Director of Strategy and Innovation at BBVA Mexico Digital Banking, commented: “We are supporting financial inclusion and education in the country by integrating young students into the financial system so that from now on they can have the necessary tools and knowledge for the proper use and management of your personal finances ”.

Torres also pointed out: "In order that educational institutions can promote better generations of students, we are creating opportunities so that, through our comprehensive offer of financial education, they achieve this goal."

José Carlos López, CEO and Co Founder of Saeko, said: "This alliance is the opportunity to innovate the public and private universities of Mexico, changing the complex financial management systems that sometimes affect the education of thousands of students."

Thanks to this alliance, the platform and the solution allow the individual creation of tuition payment plans or models, assigning amounts and payment deadlines. Consult and issue account statements of the tuition of each student and maintain efficient control of payments. Generate payment files for referenced deposits and send notifications to the student's email of the payments. Also request discounts applied automatically to each student's account statement and issue electronic invoices based on current SAT standards.

The function of the Saeko platform is to automate the tasks and processes of the academic, school and financial control areas of various educational institutions, so that they can offer a quality online service to students, teachers and parents.

Saeko currently has 1,250 schools and universities throughout the Mexican Republic on its platform and has 500,000 users.

This alliance is placed within the framework of the 2025 commitment, which aims to align the BBVA Group's business activity with the Paris Agreement and the UN Sustainable Development Goals (SDGs). In this case, with respect to inclusive development and innovation, offering tools that allow providing financial services to the population that do not have them, mainly with digital solutions according to their needs.

One of the strategic pillars of the BBVA Group is sustainability and BBVA Mexico has defined two main lines of action attached to these strategies and to global and local standards that contribute to the generation of products and services. One of them is to support improvement with initiatives in favor of the environment and the other refers to inclusive growth through infrastructure, support for entrepreneurship and financial inclusion that improves the financial well-being of the population.