Cards and Payments in Mexico, 2018-2028: Business Opportunities, Market Risks, and Consumer Attitudes Featuring Strategic Analysis of BBVA, BanCoppel, Citibank & More

Core Insights - The report titled "Mexico Cards and Payments: Opportunities and Risks to 2028" provides a comprehensive analysis of the Mexico cards and payments industry, including current and forecast values for debit, credit, and charge cards [1][2] - It highlights the impact of fintech companies and digital-only banks on competition and debit card adoption in Mexico [3] - The report also discusses the recovery of the credit card market from high inflation and the collaboration between scheme service providers and mobile wallet platforms to increase credit card penetration [4] Market Overview - The report includes detailed analysis of market trends, key performance indicators, and the competitive landscape of the Mexico cards and payments industry [2][6] - It covers the number of cards in circulation, transaction values, and volumes during the review period (2020-2024) and forecast period (2024-2028) [2] Payment Instruments - The report provides insights into various payment instruments including cash, cards, credit transfers, direct debits, and cheques, along with an overview of alternative payment instruments in Mexico [1][6] - It emphasizes the growth of contactless payments, particularly in public transportation systems like the Mexico City Metrobus [5] Consumer Insights - The report analyzes consumer attitudes and buying preferences for cards, providing a comprehensive understanding of market dynamics [7] - It highlights promotional strategies used by companies to drive card adoption, such as the DiDi Card promotion [5] Competitive Landscape - The report offers a detailed competitor analysis, including market shares of leading card issuers and schemes in Mexico [2][7] - It identifies key players in the market, including BBVA, Citibank, Nubank, Visa, and Mastercard [9] Regulatory Environment - The report discusses regulatory policies and recent changes in the regulatory structure affecting the Mexico cards and payments industry [2][4] - It provides insights into the implications of these regulations for market participants [8]