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Mexico Cards and Payments: Opportunities and Risks to 2029

Publisher GlobalData
Published Oct 01, 2025
Length 93 Pages
SKU # GBDT20492625

Description

Mexico Cards and Payments: Opportunities and Risks to 2029

Summary

GlobalData’s ‘Mexico Cards and Payments: Opportunities and Risks to 2029' report provides detailed analysis of market trends in the Mexico cards and payments industry. It provides values and volumes for a number of key performance indicators in the industry, including cash, cards, credit transfers, direct debits, and cheques during the review-period (2021-25e).

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 (2025e-29f). It also offers information on the country's competitive landscape, including market shares of issuers and schemes.

The report brings together GlobalData’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.

GlobalData’s ‘Mexico Cards and Payments: Opportunities and Risks to 2029' report provides top-level market analysis, information and insights into the Mexico cards and payments industry, including -
  • Current and forecast values for each market in the Mexico cards and payments industry, including debit, credit and charge cards.
  • Detailed insights into payment instruments including cash, cards, credit transfers, 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 Mexico 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 Mexico cards and payments industry.
Key Highlights
  • The burgeoning landscape of financial technology firms and digital-only banks is poised to intensify competition within the Mexican banking sector and enhance the adoption of payment cards. In November 2024, Santander introduced its digital-only banking platform, Openbank, to the Mexican market. This platform offers customers debit and savings account options, eliminates the need for a minimum balance, and does away with hidden fees. On a similar note, Nubank, a Brazil-based digital-only bank, received regulatory approval from the Mexican National Banking and Securities Commission (CNBV) in April 2025 to transition into a full-service bank.
  • Contactless payments are gaining traction and are anticipated to increase progressively as they become accessible on public transportation systems. For example, in May 2025, the State government of Mexico partnered with transportation company Movimex to launch the Movimex public transportation payment card (both debit and credit cards). On similar note, in September 2024, the Mexican Metro Mass Transit System, in partnership with leading financial and payment companies such as Getnet by Santander, Visa, Mastercard, and American Express, and the Mexico City government launched a contactless payment system in the Mexico City Metro. This enabled commuters to make contactless payments with credit, debit, and service cards, as well as electronic wallets and smart devices. The system was deployed in all 195 stations on the 12 lines of the Metro.
  • The ecommerce market is growing at a rapid rate in Mexico. To capitalize on this, new online shopping platforms are being launched in the country. For example, in March 2025, Chinese ecommerce giant AliExpress launched its ecommerce platform in Mexico. It offers merchants 90 days without commissions as well as free shipping for customers. Similarly, Amazon launched its new ecommerce platform, Bazaar, within its mobile app in August 2025. The ecommerce platform leverages Amazon’s existing customer base and infrastructure and offers thousands of fashion, household, and lifestyle products for less than MXN199 ($10.86).
Scope
  • Card market size in terms of number of cards, value and volume of transactions in Mexico along with detailed card segmentation of debit, credit and charge cards available in the country.
  • Market sizing and analysis of major payment instruments including cash, cards, credit transfers, direct debits, and cheques.
  • Payment market trends and growth for both historical and forecast period
  • Competitor analysis with detailed insights into leading card issuers and schemes.
  • Comprehensive analysis of consumer attitudes and buying preferences for cards.
  • A detailed snapshot of country's key alternative payment brands.
Reasons to Buy
  • Make strategic business decisions, using top-level historic and forecast market data, related to the Mexico cards and payments industry and each market within it.
  • Understand the key market trends and growth opportunities in the Mexico cards and payments industry.
  • Assess the competitive dynamics in the Mexico cards and payments industry.
  • Gain insights into marketing strategies used for various card types in Mexico.
  • Gain insights into key regulations governing the Mexico cards and payments industry.

Table of Contents

93 Pages
1. Executive Summary
2. Market Overview
3. Payment Instruments
4. Card-Based Payments
5. Card Payments Acquiring
6. Ecommerce Payments
7. In-store Payment
8. Buy Now Pay Later
9. Mobile Payments
10. P2P Payments
11. Bills Payments
12. Alternative Payments
13. Payment Innovation
14. Job Analysis
15. Payment Infrastructure and Regulation
16. Appendix
List of Tables
Key facts, 2025
Benchmarking of payment cards, 2025
Payment instrument transaction values (LCU), 2021-29f
Payment instrument transaction values ($), 2021-29f
Payment instrument transaction volumes (units), 2021-29f
Payment cards in circulation by type (units), 2021-29f
Volume of payment card transactions (units), 2021-29f
Value of payment card transactions (LCU),2021-29f
Value of payment card transactions ($), 2021-29f
Debit cards in circulation (units), 2021-29f
Debit card transaction volumes, 2021-29f
Debit card transaction values (LCU), 2021-29f
Debit card transaction values ($),2021-29f
Debit cards in circulation by scheme (units), 2021-25e
Debit card transaction values by scheme (LCU), 2021-25e
Debit card transaction values by scheme ($), 2021-25e
Debit cards in circulation by issuer (units), 2021-25e
Debit cards transaction value by issuer (LCU), 2021-25e
Debit cards transaction value by issuer ($), 2021-25e
Credit cards in circulation (units), 2021-29f
Credit card transaction volumes, 2021-29f
Credit card transaction values (LCU), 2021-29f
Credit card transaction values ($), 2021-29f
Credit cards in circulation by scheme (units), 2021-25e
Credit card transaction values by scheme (LCU), 2021-25e
Credit card transaction values by scheme ($), 2021-25e
Credit cards in circulation by issuer (units), 2021-25e
Credit cards transaction value by issuer (LCU), 2021-25e
Credit cards transaction value by issuer ($), 2021-25e
Merchant acquiring transaction volumes (units),2021-29f
Merchant acquiring transaction values (LCU),2021-29f
Merchant acquiring transaction values ($), 2021-29f
Acquirers’ transaction volumes (units), 2021-25e
Acquirers’ transaction values (LCU), 2021-25e
Acquirers’ transaction values ($), 2021-25e
Retail outlets and card-accepting merchants (units), 2021-29f
Debit card average interchange fees (%), 2021-25e
Credit and charge card average interchange fees (%), 2021-25e
Debit card merchant service charge and interchange fee (%), 2021-29fs
Credit and charge card merchant service charge and interchange fee (%), 2021-29f
Retail market by product categories (LCU), 2021-29f
Retail market by product categories ($), 2021-29f
Retail market by service categories (LCU), 2019-23
Retail market by service categories ($), 2019-23
List of Figures
Inflation rate
GDP growth rate
Payment instruments transaction value and volume
Instant payments transaction value and volume
Card penetration
Card payments by value
Share of transaction value
Debit card frequency of payments and average transaction value
Debit card schemes transaction value and volume
Debit card issuers by number of cards and transaction value
Credit and charge card frequency of payments and average transaction value
Credit and charge card schemes transaction value and volume
Credit and charge card issuers by number of cards and transaction value
Credit card debt
Prepaid card by number of cards and transaction value
Contactless card holding and usage in detail
Merchant acquiring of payment card transaction value and volume
Merchant acquiring of payment card transaction value and volume by company type
Retail product by catagories transaction value and year-on-year grouth
Retail services by catagories transaction value and year-on-year grouth
E-commerce transaction value and ecommerce breakdown by mobile vs. desktop/laptop
Ecommerce market by product and services
Ecommerce market by paymnet tools
Factors driving in-store payments and In-store transaction value by payment method
In-store transaction value by products and services
BNPL service used in the last six months and Preferred BNPL brand/tool for in-store payments
BNPL online transaction value and transaction volume
BNPL share of overall ecommerce transaction value and preferred BNPL brand/tool for online payments
Mobile wallet holding and use by demographic
Mobile wallet funding methods, mobile wallet preference by product/service and mobile wallet ownership by brand
Domestic and international P2P money transfers
Paymnet tool preference for bill payment and bill paymnet frequency
Active jobs intensity in the country
Number of POS terminals and ATMs

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