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Financial Cards and Payments in Mexico

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    Report

  • 63 Pages
  • January 2026
  • Region: Mexico
  • Euromonitor International
  • ID: 1203401
Mexico’s economy experienced a mild slowdown or stagnation, which began in the last quarter of 2024 and continued into early 2025. Economic growth reached approximately 1.3%, falling significantly short of the annual objective of 4.5% GDP growth. On the inflation front, levels remained stable, and general inflation was expected to return to the 3% target by the third quarter of 2026.

This Financial Cards and Payments in Mexico report establishes the size and structure of the market for ATMs cards, smart cards, credit cards, debit cards, charge cards, pre-paid cards and store cards. It looks at key players in the market (issuers and operators), number of cards in circulation, numbers transactions and value of transactions. It offers strategic analysis of sector forecasts and trends to watch.

Product coverage: Financial Cards in Circulation, Mobile Payments, Transactions.

Data coverage: market sizes (historic and forecasts), company shares, brand shares and distribution data.

Why buy this report?

  • Get a detailed picture of the Financial Cards and Payments market;
  • Pinpoint growth sectors and identify factors driving change;
  • Understand the competitive environment, the market’s major players and leading brands;
  • Use five-year forecasts to assess how the market is predicted to develop.

Table of Contents

EXECUTIVE SUMMARY
  • Mexican economy sees some stagnation in 2025
KEY DATA FINDINGS
INDUSTRY PERFORMANCE
  • Cash usage starts to decline, boosting circulation of cards
  • Mexico’s FinTech ecosystem is in a phase of strategic consolidation
  • Digital payments are on the rise
WHAT’S NEXT?
  • Steady growth likely for financial cards in the years ahead
  • E-commerce will continue to see growth
  • Digital innovation set to continue apace
COMPETITIVE LANDSCAPE
  • BBVA retains its leading position through strategic investment in emerging technologies
  • Visa acquisition strengthens its infrastructure and position
MARKET INDICATORS
  • Table 1 Number of POS Terminals: Units 2020-2025
  • Table 2 Number of ATMs: Units 2020-2025
  • Table 3 Value Lost to Fraud 2020-2025
  • Table 4 Card Expenditure by Location 2025
  • Table 5 Financial Cards in Circulation by Type: % Number of Cards 2020-2025
  • Table 6 Domestic versus Foreign Spend 2025
MARKET DATA
  • Table 7 Financial Cards by Category: Number of Cards in Circulation 2020-2025
  • Table 8 Financial Cards by Category: Number of Accounts 2020-2025
  • Table 9 Financial Cards Transactions by Category: Value 2020-2025
  • Table 10 Financial Cards by Category: Number of Transactions 2020-2025
  • Table 11 Consumer Payments by Category: Value 2020-2025
  • Table 12 Consumer Payments by Category: Number of Transactions 2020-2025
  • Table 13 M-Commerce by Category: Value 2020-2025
  • Table 14 M-Commerce by Category: % Value Growth 2020-2025
  • Table 15 Financial Cards: Number of Cards by Issuer 2020-2024
  • Table 16 Financial Cards: Number of Cards by Operator 2020-2024
  • Table 17 Financial Cards: Card Payment Transactions Value by Operator 2020-2024
  • Table 18 Financial Cards: Card Payment Transactions Value by Issuer 2020-2024
  • Table 19 Forecast Financial Cards by Category: Number of Cards in Circulation 2025-2030
  • Table 20 Forecast Financial Cards by Category: Number of Accounts 2025-2030
  • Table 21 Forecast Financial Cards Transactions by Category: Value 2025-2030
  • Table 22 Forecast Financial Cards by Category: Number of Transactions 2025-2030
  • Table 23 Forecast Consumer Payments by Category: Value 2025-2030
  • Table 24 Forecast Consumer Payments by Category: Number of Transactions 2025-2030
  • Table 25 Forecast M-Commerce by Category: Value 2025-2030
  • Table 26 Forecast M-Commerce by Category: % Value Growth 2025-2030
COUNTRY REPORTS
SOURCES
  • Summary 1 Research Sources
DEBIT CARDS IN MEXICOKEY DATA FINDINGS
2025 DEVELOPMENTS
  • Debit cards continue to grow despite economic uncertainty
INDUSTRY PERFORMANCE
  • Financial inclusion increases but continues to face challenges
WHAT’S NEXT?
  • E-commerce will continue to grow in Mexico
  • Proactive participation of government to boost engagement
  • Traditional financial institutions and FinTech set to collaborate to improve Mexican financial ecosystem
COMPETITIVE LANDSCAPE
  • Major players continue to improve their portfolios to stay relevant
  • BBVA strengthens its digitalisation strategy
  • Innovation leads to rapidly evolving competitive landscape
CATEGORY DATA
  • Table 27 Debit Cards: Number of Cards in Circulation 2020-2025
  • Table 28 Debit Cards Transactions 2020-2025
  • Table 29 Debit Cards in Circulation: % Growth 2020-2025
  • Table 30 Debit Cards Transactions: % Growth 2020-2025
  • Table 31 Debit Cards: Number of Cards by Issuer 2020-2024
  • Table 32 Debit Cards: Number of Cards by Operator 2020-2024
  • Table 33 Debit Cards Payment Transaction Value by Issuer 2020-2024
  • Table 34 Debit Cards Payment Transaction Value by Operator 2020-2024
  • Table 35 Forecast Debit Cards: Number of Cards in Circulation 2025-2030
  • Table 36 Forecast Debit Cards Transactions 2025-2030
  • Table 37 Forecast Debit Cards in Circulation: % Growth 2025-2030
  • Table 38 Forecast Debit Cards Transactions: % Growth 2025-2030
COUNTRY REPORTSCREDIT CARDS IN MEXICOKEY DATA FINDINGS
2025 DEVELOPMENTS
  • Credit card transactions increase in 2025
INDUSTRY PERFORMANCE
  • Credit card transactions boosted by expansion of financial inclusion
  • Retail events remain powerful drivers of growth
  • Traditional banks and neobanks increase dynamism in the financial ecosystem
WHAT’S NEXT?
  • Economic uncertainty and stabilised growth in credit transactions likely
  • AI-driven personalisation and fraud prevention will continue apace
  • Interest rate trends risk increased debts for some consumers
COMPETITIVE LANDSCAPE
  • Visa continues to lead the credit card landscape in 2025
  • G7 banks benefit from strong infrastructure and investment in new technologies
  • Santander announces new no-fee international transfers
CATEGORY DATA
  • Table 39 Credit Cards: Number of Cards in Circulation 2020-2025
  • Table 40 Credit Cards Transactions 2020-2025
  • Table 41 Credit Cards in Circulation: % Growth 2020-2025
  • Table 42 Credit Cards Transactions: % Growth 2020-2025
  • Table 43 Commercial Credit Cards: Number of Cards in Circulation 2020-2025
  • Table 44 Commercial Credit Cards Transactions 2020-2025
  • Table 45 Commercial Credit Cards in Circulation: % Growth 2020-2025
  • Table 46 Commercial Credit Cards Transactions: % Growth 2020-2025
  • Table 47 Personal Credit Cards: Number of Cards in Circulation 2020-2025
  • Table 48 Personal Credit Cards Transactions 2020-2025
  • Table 49 Personal Credit Cards in Circulation: % Growth 2020-2025
  • Table 50 Personal Credit Cards Transactions: % Growth 2020-2025
  • Table 51 Credit Cards: Number of Cards by Issuer 2020-2024
  • Table 52 Credit Cards: Number of Cards by Operator 2020-2024
  • Table 53 Credit Cards Payment Transaction Value by Issuer 2020-2024
  • Table 54 Credit Cards Payment Transaction Value by Operator 2020-2024
  • Table 55 Commercial Credit Cards: Number of Cards by Issuer 2020-2024
  • Table 56 Commercial Credit Cards: Number of Cards by Operator 2020-2024
  • Table 57 Commercial Credit Cards Payment Transaction Value by Issuer 2020-2024
  • Table 58 Commercial Credit Cards Payment Transaction Value by Operator 2020-2024
  • Table 59 Personal Credit Cards: Number of Cards by Issuer 2020-2024
  • Table 60 Personal Credit Cards: Number of Cards by Operator 2020-2024
  • Table 61 Personal Credit Cards Payment Transaction Value by Issuer 2020-2024
  • Table 62 Personal Credit Cards Payment Transaction Value by Operator 2020-2024
  • Table 63 Forecast Credit Cards: Number of Cards in Circulation 2025-2030
  • Table 64 Forecast Credit Cards Transactions 2025-2030
  • Table 65 Forecast Credit Cards in Circulation: % Growth 2025-2030
  • Table 66 Forecast Credit Cards Transactions: % Growth 2025-2030
  • Table 67 Forecast Commercial Credit Cards: Number of Cards in Circulation 2025-2030
  • Table 68 Forecast Commercial Credit Cards Transactions 2025-2030
  • Table 69 Forecast Commercial Credit Cards in Circulation: % Growth 2025-2030
  • Table 70 Forecast Commercial Credit Cards Transactions: % Growth 2025-2030
  • Table 71 Forecast Personal Credit Cards: Number of Cards in Circulation 2025-2030
  • Table 72 Forecast Personal Credit Cards Transactions 2025-2030
  • Table 73 Forecast Personal Credit Cards in Circulation: % Growth 2025-2030
  • Table 74 Forecast Personal Credit Cards Transactions: % Growth 2025-2030
COUNTRY REPORTSCHARGE CARDS IN MEXICOKEY DATA FINDINGS
2025 DEVELOPMENTS
  • Charge cards sees increase in cards in circulation and transaction values in 2025
INDUSTRY DEVELOPMENTS
  • Positive performance for charge cards driven by SMEs segment
  • Double-digit growth in transaction values in 2025
  • American Express continues to support local businesses to ensure inclusion
WHAT’S NEXT?
  • Competition set to intensify amid declining cash usage
  • Charge cards to embrace positive economic environment by capitalising on e-commerce
  • New players expected to enter charge cards
COMPETITIVE LANDSCAPE
  • Strategic alliances driving category penetration
CATEGORY DATA
  • Table 75 Charge Cards: Number of Cards in Circulation 2020-2025
  • Table 76 Charge Cards Transactions 2020-2025
  • Table 77 Charge Cards in Circulation: % Growth 2020-2025
  • Table 78 Charge Cards Transactions: % Growth 2020-2025
  • Table 79 Commercial Charge Cards: Number of Cards in Circulation 2020-2025
  • Table 80 Commercial Charge Cards Transactions 2020-2025
  • Table 81 Commercial Charge Cards in Circulation: % Growth 2020-2025
  • Table 82 Commercial Charge Cards Transactions: % Growth 2020-2025
  • Table 83 Personal Charge Cards: Number of Cards in Circulation 2020-2025
  • Table 84 Personal Charge Cards Transactions 2020-2025
  • Table 85 Personal Charge Cards in Circulation: % Growth 2020-2025
  • Table 86 Personal Charge Cards Transactions: % Growth 2020-2025
  • Table 87 Charge Cards: Number of Cards by Issuer 2020-2024
  • Table 88 Charge Cards: Number of Cards by Operator 2020-2024
  • Table 89 Charge Cards Payment Transaction Value by Issuer 2020-2024
  • Table 90 Charge Cards Payment Transaction Value by Operator 2020-2024
  • Table 91 Commercial Charge Cards: Number of Cards by Issuer 2020-2024
  • Table 92 Commercial Charge Cards: Number of Cards by Operator 2020-2024
  • Table 93 Commercial Charge Cards Payment Transaction Value by Issuer 2020-2024
  • Table 94 Commercial Charge Cards Payment Transaction Value by Operator 2020-2024
  • Table 95 Personal Charge Cards: Number of Cards by Issuer 2020-2024
  • Table 96 Personal Charge Cards: Number of Cards by Operator 2020-2024
  • Table 97 Personal Charge Cards Transaction Value by Issuer 2020-2024
  • Table 98 Personal Charge Cards Transaction Value by Operator 2020-2024
  • Table 99 Forecast Charge Cards: Number of Cards in Circulation 2025-2030
  • Table 100 Forecast Charge Cards Transactions 2025-2030
  • Table 101 Forecast Charge Cards in Circulation: % Growth 2025-2030
  • Table 102 Forecast Charge Cards Transactions: % Growth 2025-2030
  • Table 103 Forecast Commercial Charge Cards: Number of Cards in Circulation 2025-2030
  • Table 104 Forecast Commercial Charge Cards Transactions 2025-2030
  • Table 105 Forecast Commercial Charge Cards in Circulation: % Growth 2025-2030
  • Table 106 Forecast Commercial Charge Cards Transactions: % Growth 2025-2030
  • Table 107 Forecast Personal Charge Cards: Number of Cards in Circulation 2025-2030
  • Table 108 Forecast Personal Charge Cards Transactions 2025-2030
  • Table 109 Forecast Personal Charge Cards in Circulation: % Growth 2025-2030
  • Table 110 Forecast Personal Charge Cards Transactions: % Growth 2025-2030
COUNTRY REPORTSPRE-PAID CARDS IN MEXICOKEY DATA FINDINGS
2025 DEVELOPMENTS
  • Pre-paid cards sees growth in 2025
INDUSTRY DEVELOPMENTS
  • Closed-loop cards growth driven by government initiatives
  • Pre-paid cards make it easier for shoppers to purchase online
  • IAVE leads Mexico’s pre-paid card segment through electronic toll system
COMPETITIVE LANDSCAPE
  • Carnet benefits by operating in workplace perk enviroment
  • Up Sí Vale penetrates thanks to presence in employee benefit programs
WHAT’S NEXT?
  • SMEs remain a growth opportunity for open loop pre-paid cards
  • Closed loop pre-paid cards offer significant scope for growth
  • Data power set to enhance closed loop pre-paid cards from retail stores
CATEGORY DATA
  • Table 111 Pre-paid Cards: Number of Cards in Circulation 2020-2025
  • Table 112 Pre-paid Cards Transactions 2020-2025
  • Table 113 Pre-paid Cards in Circulation: % Growth 2020-2025
  • Table 114 Pre-paid Cards Transactions: % Growth 2020-2025
  • Table 115 Closed Loop Pre-paid Cards Transactions 2020-2025
  • Table 116 Closed Loop Pre-paid Cards Transactions: % Growth 2020-2025
  • Table 117 Open Loop Pre-paid Cards Transactions 2020-2025
  • Table 118 Open Loop Pre-paid Cards Transactions: % Growth 2020-2025
  • Table 119 Pre-paid Cards: Number of Cards by Issuer 2020-2024
  • Table 120 Pre-paid Cards: Number of Cards by Operator 2020-2024
  • Table 121 Pre-paid Cards Transaction Value by Issuer 2020-2024
  • Table 122 Pre-paid Cards Transaction Value by Operator 2020-2024
  • Table 123 Closed Loop Pre-paid Cards: Number of Cards by Issuer 2020-2024
  • Table 124 Closed Loop Pre-paid Cards: Number of Cards by Operator 2020-2024
  • Table 125 Closed Loop Pre-paid Cards Transaction Value by Issuer 2020-2024
  • Table 126 Closed Loop Pre-paid Cards Transaction Value by Operator 2020-2024
  • Table 127 Open Loop Pre-paid Cards: Number of Cards by Issuer 2020-2024
  • Table 128 Open Loop Pre-paid Cards: Number of Cards by Operator 2020-2024
  • Table 129 Open Loop Pre-paid Cards Transaction Value by Issuer 2020-2024
  • Table 130 Open Loop Pre-paid Cards Transaction Value by Operator 2020-2024
  • Table 131 Forecast Pre-paid Cards: Number of Cards in Circulation 2025-2030
  • Table 132 Forecast Pre-paid Cards Transactions 2025-2030
  • Table 133 Forecast Pre-paid Cards in Circulation: % Growth 2025-2030
  • Table 134 Forecast Pre-paid Cards Transactions: % Growth 2025-2030
  • Table 135 Forecast Closed Loop Pre-paid Cards Transactions 2025-2030
  • Table 136 Forecast Closed Loop Pre-paid Cards Transactions: % Growth 2025-2030
  • Table 137 Forecast Open Loop Pre-paid Cards Transactions 2025-2030
  • Table 138 Forecast Open Loop Pre-paid Cards Transactions: % Growth 2025-2030
COUNTRY REPORTSSTORE CARDS IN MEXICOKEY DATA FINDINGS
2025 DEVELOPMENTS
  • Store cards sees growth across metrics in 2025
INDUSTRY DEVELOPMENTS
  • Store cards continue to grow amid economic recovery and uncertainty
  • Store cards remain the main enabler for credit access in Mexico
WHAT’S NEXT?
  • Decentralisation opens up expansion opportunities
  • Store cards will face fierce competition from alternative financial products
  • Omnichannel strategy will be a competitive advantage
CATEGORY DATA
  • Table 139 Store Cards: Number of Cards in Circulation 2020-2025
  • Table 140 Store Cards Transactions 2020-2025
  • Table 141 Store Cards in Circulation: % Growth 2020-2025
  • Table 142 Store Cards Transactions: % Growth 2020-2025
  • Table 143 Store Cards: Number of Cards by Issuer 2020-2024
  • Table 144 Store Cards: Payment Transaction Value by Issuer 2020-2024
  • Table 145 Forecast Store Cards: Number of Cards in Circulation 2025-2030
  • Table 146 Forecast Store Cards Transactions 2025-2030
  • Table 147 Forecast Store Cards in Circulation: % Growth 2025-2030
  • Table 148 Forecast Store Cards Transactions: % Growth 2025-2030
COUNTRY REPORTS