MexMoves

Two standout interviews this week.Harry Krensky, Managing Partner of Discovery Americas, shares his views on what it takes to succeed in Mexico private equity — what works, what doesn't, and where the industry is headed. And before that, Pamela Starr joins us to discuss her new book The Making of Mexico: Revolution, Reform, and Transformation. And as always Eduardo and Damian begin the episode by dissecting the week's news: World Cup ticket pricing; Mexico's education challenges and their drag on economic growth; Banxico's latest digital payments push; the Stablecoin Conference 2026 and the convergence of traditional and decentralised finance; and the Plata 2 hour documentary; the improbable story of how a team of Russian fintech exiles joined forces with local hires to build Mexico's 53rd bank, now valued at over $4bn.

Juan Manuel Valle, CEO of Afore Coppel, Mexico’s largest pension fund by affiliates, discusses the opportunities and challenges facing retirement savings in Mexico.

* How Afore Coppel became the largest pension fund by affiliates, despite entering the market much later than others.
* How different income groups face very different retirement challenges.
* Why contribution weeks, formal employment and voluntary savings matter.
* How younger customers can follow a longer-term investment strategy, with more exposure to equities and alternatives.
* How Afores can help finance Mexico’s infrastructure needs, but only when the economics make sense.

Eduardo and Damian first dissect the main business and economic stories of the week:

* World Cup protests by the CNTE teachers’ union highlight Mexico’s pension challenge: insufficient funding for current commitments, ony to be made worse by an ageing population.
* Fintech is back: Clip launches Mi Clip with Ant, Mastercard and TelevisaUnivision; FEMSA brings QED into OXXO credit.
* Betterfly buys Minu; Mercado Libre announces its Mexico US$4.6bn ‘’investment” number.
* Trump knocks USMCA as multi-year revisions loom.

Amazon Mexico Head Pedro Huerta explains how Amazon is adapting to Mexico: ever-faster delivery, local payment solutions, AI-driven shopping, and a deeper push into groceries and everyday essentials.

Key interview topics:

* The launch of “Delivery in Hours”
* Why saving time is Amazon’s core value proposition for Mexican consumers
* Faster delivery as a gateway into daily-use categories
* AI, Alexa, and the future of shopping
* Mexico payment habits, credit, and BNPL solutions
* The SAT tax changes and their impact on marketplace sellers
* How Mexican SMEs are using Amazon to export

First, Damian and Eduardo break down the week’s top business and economic stories:

* Betterware closes its acquisition of Tupperware LatAm, accelerating its transformation into a regional direct-selling platform
* Fibra MTY lands Fibra Macquarie as AFOREs favor local internalization over global scale
* Televisa prices a convertible offering as it prepares for potential AT&T M&A
* Dollar store JOi Dollar raising to fund expansion across Mexico
* The latest on USMCA negotiations, tariffs, and possilbe new auto rules

Francisco Garza, Head of GM Mexico, tells us about GM’s plan to shift (for now, just the assembly) of the Aveo and Groove models from China to Mexico, and what it says about nearshoring, tariffs, suppliers, EVs and Mexican manufacturing.

Plus Eduardo and Damian discuss the big business and economic issues of the week, including:

* Carlos Slim says Mexico’s biggest problem is Pemex, but pledges US$5bn in investment this year
* Prologis exits the Fibra Macquarie battle as Fibra Monterrey and Next fight it out
* América Móvil makes its case at its NYC Investor Day
* Banxico lowers growth expectations even as Mexico’s exports keep booming

How do you compete with Uber in one of the world’s most competitive ride-hailing markets? Andries Smit of inDrive discusses with Damian the company’s expansion in Mexico, its strategy against Uber and Didi, and why mobility platforms are increasingly evolving into broader financial and logistics ecosystems.
Before that, Eduardo speaks with Marimar Torreblanca of Miranda ESG on how Mexican companies and investment funds are navigating ESG in an ideologically-charged global environment.
First, Eduardo and Damian dissect the major Mexico business stories this week:
Moody’s Mexico rating downgrade: markets barely reacted, but Mexico stands warned
Royal Caribbean’s Imperfect Day
GM’s moves some production from China to Mexico
What the new Mexico–EU trade agreement means
Quick Takes: Nu Mexico breaks even, Klar buys Yave, Vesta raises $240mn..and much more