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The Cards and Payments Industry in Mexico: Emerging Trends and Opportunities to 2019

The Cards and Payments Industry in Mexico: Emerging Trends and Opportunities to 2019

Synopsis

Timetric’s 'The Cards and Payments Industry in Mexico: Emerging Trends and Opportunities to 2019' report provides detailed analysis of market trends in Mexico's cards and payments industry. It provides values and volumes for a number of key performance indicators in the industry, including check payments, credit transfers, direct debits, payment cards and cash transactions during the review period (2010–2014).The report also analyzes various payment card markets operating in the industry and provides detailed information on the number of cards in circulation, and transaction values and volumes during the review period and over the forecast period (2015–2019). It also offers information on the country's competitive landscape, including market shares of issuers and schemes.The report brings together Timetric’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, recent changes in regulatory structure and profiles of card issuers operating in the country.

Summary

Timetric’s 'The Cards and Payments Industry in Mexico: Emerging Trends and Opportunities to 2019' report provides top-level market analysis, information and insights into Mexico's cards and payments industry, including:

  • Current and forecast values for each market in Mexico's cards and payments industry, including debit cards, credit and charge cards. It also includes detailed analysis of the prepaid card market.
  • Detailed insights into payment instruments including check payments, credit transfers, direct debits, payment cards and cash transactions. It also, includes an overview of the country's key alternative payment instruments.
  • Analysis of various market drivers and regulations governing Mexico's 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 Mexico's cards and payments industry.
Scope
  • This report provides a comprehensive analysis of Mexico's cards and payments industry.
  • It provides current values for Mexico's cards and payments industry for 2014, and forecast figures to 2019.
  • It details the different economic, infrastructural and business drivers affecting Mexico's cards and payments industry.
  • It outlines the current regulatory framework in the industry.
  • It details marketing strategies used by various banks and other institutions.
  • It profiles major banks in Mexico's cards and payments industry.
Reasons To Buy
  • Make strategic business decisions, using top-level historic and forecast market data, related to Mexico's cards and payments industry and each market within it.
  • Understand the key market trends and growth opportunities in Mexico's cards and payments industry.
  • Assess the competitive dynamics in Mexico's cards and payments industry.
  • Gain insights into marketing strategies used for various card types in Mexico.
  • Gain insights into key regulations governing Mexico's cards and payments industry.
Key Highlights
  • Banks are actively rolling out mobile point of sale POS (mPOS) solutions in the Mexican cards and payments industry. In July 2013, Banamex launched an EMV compliant mPOS called S-Pay, developed by Stratus Technologies. Banamex is offering iAcepta, low-cost mPOS terminals to retailers for US$33.6 (MXN500). As of February 2015, the bank had sold 8,000 units.
  • In November 2014, the Mexican tax authority Sistema de Administración Tributaria (SAT/Tax Administration System) and the National Chambers of Commerce, Services and Tourism (Confederación de Cámaras Nacionales de Comercio, Servicios y Turismo) launched a scheme called ‘Tableta Concanaco’ to provide micro-enterprises and SMEs with mPOS terminals at subsidized rates. As of February 2015, 20,000 mPOS terminals were issued under the scheme. With the increased number of POS terminal installations at retail outlets, the potential of card-based payments in the country is anticipated to grow over the forecast period (2015–2019).
  • To further enhance financial inclusion in Mexico, the government development bank Bansefi chose MasterCard as its business partner in September 2014. Under the agreement, social benefits are disbursed using the BANSEFI MÁS debit card. Cardholders are offered loans, savings and accident insurance and funeral assistance coverage. This initiative is anticipated to drive debit card penetration rates.


  • Definitions and Methodology
    • Definitions
      • Table Key Definitions
    • Methodology
      • Table Annual Average Exchange Rate
  • Key Facts and Events
    • Table Mexico - Key Facts, 2014
    • Table Regional Benchmarking of Mexican Payment Cards, 2014
  • Executive Summary
  • Payment Instruments
    • Current Payment Environment
    • Alternative Payment Instruments
      • PayPal
      • MercadoPago
      • DineroMail
      • SafetyPay
      • Ukash
      • Paysafecard
  • Regulations in the Cards and Payments Industry
    • Regulatory Framework
      • Regulation regarding interchange fees at POS transactions
      • Law on the Transparency and Order of Financial Services
    • Anti-Money Laundering (AML)
    • Foreign Direct Investment (FDI) Regulations
      • Table Mexico - Mode of Entry of Foreign Banks
  • Analysis of Cards and Payments Industry Drivers
    • Demographic Drivers
    • Economic Drivers
    • Infrastructure Drivers
    • Business Drivers
  • Market Segmentation and New Product Launches
    • Market Segmentation and Targeting
      • Consumer cards
        • Table Cards for High-Income Consumers, 2015
        • Table Cards for Travelers, 2015
        • Table Cards for Shoppers, 2015
        • Table Cards for Students and the Youth Population, 2015
      • Commercial cards
        • Table Commercial Cards Comparison and Key Features, 2015
    • New Product Launches
      • Table Mexico - New Product Launches
  • Payment Cards
    • Payment Card Market Analysis
      • Table Financial Inclusion in Mexico, 2011-2014
      • Volume and value of payment card transactions by type
      • Personal vs commercial cards
  • Debit Cards
    • Debit Card Market Analysis
      • Table Mexico - Pay Now, Average Interchange Fees: Intra-Network Transactions (%), 2010-2014
      • Table Mexico - Pay Now, Average Merchant Service Charge: Domestic Transactions (%), 2010-2019
      • Debit card transaction volumes and values by channel
      • Debit card scheme and issuer shares in terms of transaction values
  • Credit Cards
    • Credit Card Market Analysis
      • Table Mexico - Pay Later, Average Interchange Fees: Intra-Network Transactions (%), 2010-2014
      • Table Mexico - Pay Later, Average Merchant Service Charge: Domestic Transactions (%), 2010-2019
      • Credit card transaction volumes and values by channel
      • Credit card scheme and issuer shares in terms of transaction values
  • Charge Cards
    • Charge Card Market Analysis
      • Charge card transaction volumes and values by channel
      • Charge card scheme shares in terms of transaction values
  • Commercial Cards
    • Commercial Card Market Analysis
  • Card Issuers
    • BBVA Bancomer
    • Banamex
    • Banorte
    • Banco Santander Mexico
    • HSBC Mexico
    • American Express
  • Prepaid Cards
    • Prepaid Card Market Analysis
  • Merchant Acquiring
    • Merchant Acquiring Market Analysis
  • Appendix
    • Tables
      • Table Mexico - Payment Instrument Transaction Values (MXN Billion), 2010-2014
      • Table Mexico - Payment Instrument Transaction Values (US$ Billion), 2010-2014
      • Table Mexico - Payment Instrument Transaction Volumes (Million), 2010-2014
      • Table Mexico - Number of Payment Cards in Circulation by Type (Million), 2010-2019
      • Table Mexico - Volume of Payment Card Transactions by Type (Million), 2010-2019
      • Table Mexico - Value of Payment Card Transactions by Type (MXN Billion), 2010-2019
      • Table Mexico - Value of Payment Card Transactions by Type (US$ Billion), 2010-2019
      • Table Mexico - Personal and Commercial Card Transaction Volumes ( Million), 2010-2019
      • Table Mexico - Personal and Commercial Card Transaction Values (MXN Billion), 2010-2019
      • Table Mexico - Personal and Commercial Card Transaction Values (US$ Billion), 2010-2019
      • Table Mexico - Number of Debit Cards in Circulation (Million), 2010-2019
      • Table Mexico - Debit Card Transaction Volumes and Frequency by Channel, 2010-2019
      • Table Mexico - Debit Card Total and Average Transaction Values by Channel, 2010-2019
      • Table Mexico - Number of Debit Cards in Circulation by Scheme (Million), 2010-2014
      • Table Mexico - Debit Card Transaction Values by Scheme (MXN Billion), 2010-2014
      • Table Mexico - Debit Card Transaction Values by Scheme (US$ Billion), 2010-2014
      • Table Mexico - Debit Card Transaction Values by Issuer (MXN Billion), 2010-2014
      • Table Mexico - Debit Card Transaction Values by Issuer (US$ Billion), 2010-2014
      • Table Mexico - Number of Credit Cards in Circulation (Million), 2010-2019
      • Table Mexico - Credit Card Transaction Volumes and Frequency by Channel, 2010-2019
      • Table Mexico - Credit Card Total and Average Transaction Values by Channel, 2010-2019
      • Table Mexico - Number of Credit Cards in Circulation by Scheme (Million), 2010-2014
      • Table Mexico - Credit Card Transaction Values by Scheme (MXN Billion), 2010-2014
      • Table Mexico - Credit Card Transaction Values by Scheme (US$ Billion), 2010-2014
      • Table Mexico - Pay Later Card Transaction Values by Issuer (MXN Billion), 2010-2014
      • Table Mexico - Pay Later Card Transaction Values by Issuer (US$ Million), 2010-2014
      • Table Mexico - Credit Card Balances Outstanding by Issuer (MXN Billion), 2010-2014
      • Table Mexico - Credit Card Balances Outstanding by Issuer (US$ Billion), 2010-2014
      • Table Mexico - Number of Charge Cards in Circulation (Million), 2010-2019
      • Table Mexico - Charge Card Transaction Volumes and Frequency by Channel, 2010-2019
      • Table Mexico - Charge Card Total and Average Transaction Values by Channel, 2010-2019
      • Table Mexico - Number of Charge Cards in Circulation by Scheme (Thousand), 2010-2014
      • Table Mexico - Charge Card Transaction Values by Scheme (MXN Billion), 2010-2014
      • Table Mexico - Charge Card Transaction Values by Scheme (US$ Billion), 2010-2014
      • Table Mexico - Number of Commercial Cards in Circulation (Thousand), 2010-2019
      • Table Mexico - Commercial Card Transaction Values (MXN Billion), 2010-2019
      • Table Mexico - Commercial Card Transaction Values (US$ Billion), 2010-2019
      • Table Mexico - Number of Prepaid Cards in Circulation (Million), 2010-2019
      • Table Mexico - Prepaid Card Transaction Values (MXN Billion), 2010-2019
      • Table Mexico - Prepaid Card Transaction Values (US$ Billion), 2010-2019
      • Table Mexico - Merchant Acquiring Transaction Volume by Card Type (Million), 2010-2019
      • Table Mexico - Merchant Acquiring Transaction Value by Card Type (MXN Billion), 2010-2019
      • Table Mexico - Merchant Acquiring Transaction Value by Card Type (US$ Billion), 2010-2019
      • Table Mexico - Acquirers' Transaction Volume (Million), 2010-2014
      • Table Mexico - Acquirers' Transaction Value (MXN Billion), 2010-2014
      • Table Mexico - Acquirers' Transaction Value (US$ Billion), 2010-2014
      • Table Mexico - Retail Outlets and Total Merchant Accounts (Thousand), 2010-2019
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