Mexico Cards and Payments - Opportunities and Risks to 2027

The ‘Mexico Cards and Payments - Opportunities and Risks to 2027' report provides detailed analysis of market trends in the Mexican cards and payments industry. It provides values and volumes for a number of key performance indicators in the industry, including cards, cash, cards, credit transfer, direct debits and cheques during the review-period (2019-23e).

The report also analyzes various payment card markets operating in the industry and provides detailed information on the number of cards in circulation, transaction values and volumes during the review-period and over the forecast-period (2023e-27). It also offers information on the country's competitive landscape, including market shares of issuers and schemes.

The report brings together the publisher's research, modeling, and analysis expertise to allow banks and card issuers to identify segment dynamics and competitive advantages. The report also covers detailed regulatory policies and recent changes in regulatory structure.

This report provides top-level market analysis, information and insights into the Mexican cards and payments industry, including:

Current and forecast values for each market in the Mexican cards and payments industry, including debit, credit and charge cards.

Detailed insights into payment instruments including cards, credit transfer, cash, direct debits and cheques. It also, includes an overview of the country's key alternative payment instruments.

Ecommerce market analysis.

Analysis of various market drivers and regulations governing the Mexican cards and payments industry.

Detailed analysis of strategies adopted by banks and other institutions to market debit, credit, and charge cards.

Comprehensive analysis of consumer attitudes and buying preferences for cards.

The competitive landscape of the Mexican cards and payments industry.

Scope

• Contactless payments are being expanded to public transport. In June 2022, payment companies Masabi and Ibergex partnered to implement the FPaaS contactless payment system for public transport in Mexico. Previously, in October 2021, US-based transportation solutions provider Conduent Transportation partnered with Getnet, Work Level, and Visa to implement a contactless payment system on three lines of Mexico City's Metrobus system.
• The proliferation of fintech companies and digital-only banks will boost competition in the banking sector and improve debit card adoption. In February 2023, Mexican payment company INVEX launched its digital-only bank, Now Banco. Users can open an account via the Now Banco mobile app, with a Mastercard debit card offered as standard. Previously, Mexican digital-only bank Oyster launched debit cards for SMEs and freelancers in collaboration with Mastercard in May 2020. Other prominent digital banks in Mexico include albo and Fondeadora.
• Alternative payment solutions are gaining prominence, with both domestic and international options available in the country. Google Wallet launched in Mexico in November 2022, allowing users to make in-store, online, and in-app payments. In addition to payments, Google Wallet enables users to store tickets, passes, keys, and IDs. Google Wallet has been launched for Visa card holders in Mexico and is currently supported by Banregio, Banorte, Hey Banco, Inbursa, and Nubank.

Reasons to Buy

Make strategic business decisions, using top-level historic and forecast market data, related to the Mexican cards and payments industry and each market within it.

Understand the key market trends and growth opportunities in the Mexican cards and payments industry.

Assess the competitive dynamics in the Mexican cards and payments industry.

Gain insights into marketing strategies used for various card types in Mexico.

Gain insights into key regulations governing the Mexican cards and payments industry.