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Financial Cards and Payments in Mexico

  • ID: 1203401
  • Report
  • November 2020
  • Region: Mexico
  • 61 pages
  • Euromonitor International
At the beginning of the lockdown period an increase in cash withdrawals and the circulation of cash was seen, with people not sure how long the lockdown would last and how the banks would be operating. In addition, a drop in transactions through points of sales was seen, mainly in foodservice establishments and tourism-related business, such as hotels, airlines or entertainment services.

The 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, M-Commerce, 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.
Note: Product cover images may vary from those shown
EXECUTIVE SUMMARY
  • COVID-19 impact on consumer payments
  • COVID-19 country impact
  • Financial card players offer clients payment extensions to help them through difficult economic times
  • Online purchases with financial cards spike during lockdown
  • All players, including new Fintech companies, are looking to target younger consumers
  • What next for consumer payments?
MARKET INDICATORS
  • Table 1 Number of POS Terminals: Units 2015-2020
  • Table 2 Number of ATMs: Units 2015-2020
  • Table 3 Value Lost to Fraud 2015-2020
  • Table 4 Card Expenditure by Location 2020
  • Table 5 Financial Cards in Circulation by Type: % Number of Cards 2015-2020
  • Table 6 Domestic versus Foreign Spend 2020
MARKET DATA
  • Table 7 Financial Cards by Category: Number of Cards in Circulation 2015-2020
  • Table 8 Financial Cards by Category: Number of Accounts 2015-2020
  • Table 9 Financial Cards Transactions by Category: Value 2015-2020
  • Table 10 Financial Cards by Category: Number of Transactions 2015-2020
  • Table 11 Consumer Payments by Category: Value 2015-2020
  • Table 12 Consumer Payments by Category: Number of Transactions 2015-2020
  • Table 13 M-Commerce by Category: Value 2015-2020
  • Table 14 M-Commerce by Category: % Value Growth 2015-2020
  • Table 15 Financial Cards: Number of Cards by Issuer 2015-2019
  • Table 16 Financial Cards: Number of Cards by Operator 2015-2019
  • Table 17 Financial Cards: Card Payment Transactions Value by Operator 2015-2019
  • Table 18 Financial Cards: Card Payment Transactions Value by Issuer 2015-2019
  • Table 19 Forecast Financial Cards by Category: Number of Cards in Circulation 2020-2025
  • Table 20 Forecast Financial Cards by Category: Number of Accounts 2020-2025
  • Table 21 Forecast Financial Cards Transactions by Category: Value 2020-2025
  • Table 22 Forecast Financial Cards by Category: Number of Transactions 2020-2025
  • Table 23 Forecast Consumer Payments by Category: Value 2020-2025
  • Table 24 Forecast Consumer Payments by Category: Number of Transactions 2020-2025
  • Table 25 Forecast M-Commerce by Category: Value 2020-2025
  • Table 26 Forecast M-Commerce by Category: % Value Growth 2020-2025
DISCLAIMER

GLOBAL MACROECONOMIC ENVIRONMENT

GLOBAL INDUSTRY ENVIRONMENT

SOURCES
  • Summary 1 Research Sources
KEY DATA FINDINGS

2020 IMPACT
  • Spending on personal debit cards increases as consumers look to minimise long-term debt
  • Personal debit cards sees the appearance of new products and offers
  • Use of commercial debit cards hit at the height of the pandemic
RECOVERY AND OPPORTUNITIES
  • Debit cards set for further growth over the forecast period
  • Debit cards should benefit from consumers looking to not spend more than their disposable income
  • Commercial cards expected to outpace the personal cards growth for debit functions
CATEGORY DATA
  • Table 27 Debit Cards: Number of Cards in Circulation 2015-2020
  • Table 28 Debit Cards Transactions 2015-2020
  • Table 29 Debit Cards in Circulation: % Growth 2015-2020
  • Table 30 Debit Cards Transactions: % Growth 2015-2020
  • Table 31 Debit Cards: Number of Cards by Issuer 2015-2019
  • Table 32 Debit Cards: Number of Cards by Operator 2015-2019
  • Table 33 Debit Cards Payment Transaction Value by Issuer 2015-2019
  • Table 34 Debit Cards Payment Transaction Value by Operator 2015-2019
  • Table 35 Forecast Debit Cards: Number of Cards in Circulation 2020-2025
  • Table 36 Forecast Debit Cards Transactions 2020-2025
  • Table 37 Forecast Debit Cards in Circulation: % Growth 2020-2025
  • Table 38 Forecast Debit Cards Transactions: % Growth 2020-2025
KEY DATA FINDINGS

2020 IMPACT
  • Consumers more reluctant to use their credit cards during the pandemic for fear of accruing further debt
  • Payment processors helping to drive credit card usage
  • New products and benefits continue to expand the offer
RECOVERY AND OPPORTUNITIES
  • Contactless cards and mobile payments are anticipated to see dynamic growth
  • Fintech players helping to expand the products and benefits available
  • Delinquency rates could increase as a result of COVID-19’s economic impact
CATEGORY DATA
  • Table 39 Credit Cards: Number of Cards in Circulation 2015-2020
  • Table 40 Credit Cards Transactions 2015-2020
  • Table 41 Credit Cards in Circulation: % Growth 2015-2020
  • Table 42 Credit Cards Transactions: % Growth 2015-2020
  • Table 43 Commercial Credit Cards: Number of Cards in Circulation 2015-2020
  • Table 44 Commercial Credit Cards Transactions 2015-2020
  • Table 45 Commercial Credit Cards in Circulation: % Growth 2015-2020
  • Table 46 Commercial Credit Cards Transactions: % Growth 2015-2020
  • Table 47 Personal Credit Cards: Number of Cards in Circulation 2015-2020
  • Table 48 Personal Credit Cards Transactions 2015-2020
  • Table 49 Personal Credit Cards in Circulation: % Growth 2015-2020
  • Table 50 Personal Credit Cards Transactions: % Growth 2015-2020
  • Table 51 Credit Cards: Number of Cards by Issuer 2015-2019
  • Table 52 Credit Cards: Number of Cards by Operator 2015-2019
  • Table 53 Credit Cards Payment Transaction Value by Issuer 2015-2019
  • Table 54 Credit Cards Payment Transaction Value by Operator 2015-2019
  • Table 55 Commercial Credit Cards: Number of Cards by Issuer 2015-2019
  • Table 56 Commercial Credit Cards: Number of Cards by Operator 2015-2019
  • Table 57 Commercial Credit Cards Payment Transaction Value by Issuer 2015-2019
  • Table 58 Commercial Credit Cards Payment Transaction Value by Operator 2015-2019
  • Table 59 Personal Credit Cards: Number of Cards by Issuer 2015-2019
  • Table 60 Personal Credit Cards: Number of Cards by Operator 2015-2019
  • Table 61 Personal Credit Cards Payment Transaction Value by Issuer 2015-2019
  • Table 62 Personal Credit Cards Payment Transaction Value by Operator 2015-2019
  • Table 63 Forecast Credit Cards: Number of Cards in Circulation 2020-2025
  • Table 64 Forecast Credit Cards Transactions 2020-2025
  • Table 65 Forecast Credit Cards in Circulation: % Growth 2020-2025
  • Table 66 Forecast Credit Cards Transactions: % Growth 2020-2025
  • Table 67 Forecast Commercial Credit Cards: Number of Cards in Circulation 2020-2025
  • Table 68 Forecast Commercial Credit Cards Transactions 2020-2025
  • Table 69 Forecast Commercial Credit Cards in Circulation: % Growth 2020-2025
  • Table 70 Forecast Commercial Credit Cards Transactions: % Growth 2020-2025
  • Table 71 Forecast Personal Credit Cards: Number of Cards in Circulation 2020-2025
  • Table 72 Forecast Personal Credit Cards Transactions 2020-2025
  • Table 73 Forecast Personal Credit Cards in Circulation: % Growth 2020-2025
  • Table 74 Forecast Personal Credit Cards Transactions: % Growth 2020-2025
KEY DATA FINDINGS

2020 IMPACT
  • American Express remains the only player in charge cards in Mexico
  • Number of cards declines in 2020 amidst the COVID-19 pandemic
  • Debit cards seen as offering better control of consumers’ finances
RECOVERY AND OPPORTUNITIES
  • Charge cards will return to recording positive growth rates from 2021
  • American Express will look to get consumers back to former spending habits as soon as possible
  • Charge cards will be unaffected by new regulations aimed at Fintechs and open banking
CATEGORY DATA
  • Table 75 Charge Cards: Number of Cards in Circulation 2015-2020
  • Table 76 Charge Cards Transactions 2015-2020
  • Table 77 Charge Cards in Circulation: % Growth 2015-2020
  • Table 78 Charge Cards Transactions: % Growth 2015-2020
  • Table 79 Commercial Charge Cards: Number of Cards in Circulation 2015-2020
  • Table 80 Commercial Charge Cards Transactions 2015-2020
  • Table 81 Commercial Charge Cards in Circulation: % Growth 2015-2020
  • Table 82 Commercial Charge Cards Transactions: % Growth 2015-2020
  • Table 83 Personal Charge Cards: Number of Cards in Circulation 2015-2020
  • Table 84 Personal Charge Cards Transactions 2015-2020
  • Table 85 Personal Charge Cards in Circulation: % Growth 2015-2020
  • Table 86 Personal Charge Cards Transactions: % Growth 2015-2020
  • Table 87 Charge Cards: Number of Cards by Issuer 2015-2019
  • Table 88 Charge Cards: Number of Cards by Operator 2015-2019
  • Table 89 Charge Cards Payment Transaction Value by Issuer 2015-2019
  • Table 90 Charge Cards Payment Transaction Value by Operator 2015-2019
  • Table 91 Commercial Charge Cards: Number of Cards by Issuer 2015-2019
  • Table 92 Commercial Charge Cards: Number of Cards by Operator 2015-2019
  • Table 93 Commercial Charge Cards Payment Transaction Value by Issuer 2015-2019
  • Table 94 Commercial Charge Cards Payment Transaction Value by Operator 2015-2019
  • Table 95 Personal Charge Cards: Number of Cards by Issuer 2015-2019
  • Table 96 Personal Charge Cards: Number of Cards by Operator 2015-2019
  • Table 97 Personal Charge Cards Transaction Value by Issuer 2015-2019
  • Table 98 Personal Charge Cards Transaction Value by Operator 2015-2019
  • Table 99 Forecast Charge Cards: Number of Cards in Circulation 2020-2025
  • Table 100 Forecast Charge Cards Transactions 2020-2025
  • Table 101 Forecast Charge Cards in Circulation: % Growth 2020-2025
  • Table 102 Forecast Charge Cards Transactions: % Growth 2020-2025
  • Table 103 Forecast Commercial Charge Cards: Number of Cards in Circulation 2020-2025
  • Table 104 Forecast Commercial Charge Cards Transactions 2020-2025
  • Table 105 Forecast Commercial Charge Cards in Circulation: % Growth 2020-2025
  • Table 106 Forecast Commercial Charge Cards Transactions: % Growth 2020-2025
  • Table 107 Forecast Personal Charge Cards: Number of Cards in Circulation 2020-2025
  • Table 108 Forecast Personal Charge Cards Transactions 2020-2025
  • Table 109 Forecast Personal Charge Cards in Circulation: % Growth 2020-2025
  • Table 110 Forecast Personal Charge Cards Transactions: % Growth 2020-2025
KEY DATA FINDINGS

2020 IMPACT
  • New transportation card launched in Mexico City
  • Pre-paid cards continue to be used during the pandemic
  • Renewal of the government’s Tarjeta del Bienestar welfare card programme
RECOVERY AND OPPORTUNITIES
  • Relatively slow growth expected for open-loop pre-paid cards
  • Closed-loop pre-paid cards will see dynamic growth over the forecast period
  • Employee benefits not expected to be a source of growth for open-loop pre-paid cards
CATEGORY DATA
  • Table 111 Pre-paid Cards: Number of Cards in Circulation 2015-2020
  • Table 112 Pre-paid Cards Transactions 2015-2020
  • Table 113 Pre-paid Cards in Circulation: % Growth 2015-2020
  • Table 114 Pre-paid Cards Transactions: % Growth 2015-2020
  • Table 115 Closed Loop Pre-paid Cards Transactions 2015-2020
  • Table 116 Closed Loop Pre-paid Cards Transactions: % Growth 2015-2020
  • Table 117 Open Loop Pre-paid Cards Transactions 2015-2020
  • Table 118 Open Loop Pre-paid Cards Transactions: % Growth 2015-2020
  • Table 119 Pre-paid Cards: Number of Cards by Issuer 2015-2019
  • Table 120 Pre-paid Cards: Number of Cards by Operator 2015-2019
  • Table 121 Pre-paid Cards Transaction Value by Issuer 2015-2019
  • Table 122 Pre-paid Cards Transaction Value by Operator 2015-2019
  • Table 123 Closed Loop Pre-paid Cards: Number of Cards by Issuer 2015-2019
  • Table 124 Closed Loop Pre-paid Cards: Number of Cards by Operator 2015-2019
  • Table 125 Closed Loop Pre-paid Cards Transaction Value by Issuer 2015-2019
  • Table 126 Closed Loop Pre-paid Cards Transaction Value by Operator 2015-2019
  • Table 127 Open Loop Pre-paid Cards: Number of Cards by Issuer 2015-2019
  • Table 128 Open Loop Pre-paid Cards: Number of Cards by Operator 2015-2019
  • Table 129 Open Loop Pre-paid Cards Transaction Value by Issuer 2015-2019
  • Table 130 Open Loop Pre-paid Cards Transaction Value by Operator 2015-2019
  • Table 131 Forecast Pre-paid Cards: Number of Cards in Circulation 2020-2025
  • Table 132 Forecast Pre-paid Cards Transactions 2020-2025
  • Table 133 Forecast Pre-paid Cards in Circulation: % Growth 2020-2025
  • Table 134 Forecast Pre-paid Cards Transactions: % Growth 2020-2025
  • Table 135 Forecast Closed Loop Pre-paid Cards Transactions 2020-2025
  • Table 136 Forecast Closed Loop Pre-paid Cards Transactions: % Growth 2020-2025
  • Table 137 Forecast Open Loop Pre-paid Cards Transactions 2020-2025
  • Table 138 Forecast Open Loop Pre-paid Cards Transactions: % Growth 2020-2025
KEY DATA FINDINGS

2020 IMPACT
  • Store card transactions negatively affected by the stay-at-home period in 2020
  • Slowdown in the number of new cards in circulation
  • Stores offer their clients payment extensions
RECOVERY AND OPPORTUNITIES
  • More store cards in circulation than credit cards, showing the potential for this card type
  • Payment extensions likely to mean rising outstanding balance
  • Store card numbers will continue to grow over the forecast period
CATEGORY DATA
  • Table 139 Store Cards: Number of Cards in Circulation 2015-2020
  • Table 140 Store Cards Transactions 2015-2020
  • Table 141 Store Cards in Circulation: % Growth 2015-2020
  • Table 142 Store Cards Transactions: % Growth 2015-2020
  • Table 143 Store Cards: Number of Cards by Issuer 2015-2019
  • Table 144 Store Cards: Payment Transaction Value by Issuer 2015-2019
  • Table 145 Forecast Store Cards: Number of Cards in Circulation 2020-2025
  • Table 146 Forecast Store Cards Transactions 2020-2025
  • Table 147 Forecast Store Cards in Circulation: % Growth 2020-2025
  • Table 148 Forecast Store Cards Transactions: % Growth 2020-2025
Note: Product cover images may vary from those shown
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