Payments

Mexican prepaid card market to reach $33.80B by 2026

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March 1, 2022

The Mexican prepaid card market will grow from $19.57 billion in 2022 to $33.80 billion by 2026, according to research from ResearchandMarkets.com. It will also grow at a compound annual growth rate of 14.6% during the forecasted period up from 11.7% during 2017 to 2021, according to a press release.

Key drivers of this market include:

• 40 million underbanked people in Mexico.
• Rise of neobanks and fintechs.
• Usage of welfare cards from the government.
• Expansion of blockchain companies such as Airtm.