UBS Payments Innovation Event Series Introduction to Clip

Research evidence excerpt

UBS Payments Innovation Event Series Introduction to Clip

Global Research

16 June 2026ab

UBS Payments Innovation Event Series Equities

AmericasIntroduction to Clip

Diversified Technology Services

Timothy E. Chiodo, CFA

Insights & discussion with Clip: We hosted Mariano Carranza, CFO of Clip, for a Analyst

discussion on Clip’s merchant acquiring platform, the Mexican payments ecosystem, timothy.chiodo@ubs.com

and the recently announced Mi Clip partnership with Ant International, Mastercard, and +1-415-352 4500

Televisa-Univision. Topics of discussion included an introduction to Clip, an overview of Kaio Prato

Clip's current financial profile and market share, insight into Mexico’s cash-heavy Analyst

payments landscape, an explanation of how infrastructure constraints have limited kaio.prato@ubs.com

digital payment adoption in Mexico, an overview of the competitive environment for +55-11-3513 6573

merchant acquiring in Mexico, and the strategic rationale for launching Mi Clip as a new Chris Zhang, CFA

consumer wallet and merchant acceptance network. Analyst

chris.zhang@ubs.com

Broader industry context: Awareness of Clip is relevant for investors seeking to +1-212-713 4911

understand merchant acquiring, PSP / aggregator models, and digital payment adoption Jing Zhang

in emerging markets, particularly in economies where cash remains a dominant Associate Analyst

payment method and legacy payments infrastructure limits digitalization. The discussion jing.zhang1@ubs.com

+1-212-882 0091is relevant for merchant acquirers and PSPs such as Block / Square, Mercado Pago,

Adyen, Stripe, Stone, PagSeguro, Fiserv, Global Payments, and Worldline; card networks Pat Ennis, CFA

such as Visa and Mastercard; digital wallets and neobanks such as Nubank, Revolut, and Associate Analyst