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Study: The Mexican payment card market

June 7, 2013

After a decade of lackluster growth, Mexico — the second largest market in Latin America and the 14th largest global economy — has shown strength for two consecutive years. Under a new government committed to financial system reforms, this rapidly emerging market appears to be embracing a new direction.

This assessment comes from a new report from Mercator Advisory Group, "The Mexican Payment Card Market." In it, Mercator examines the economic and banking landscape in Mexico, as well as the country's payments market, payment infrastructure, and payment behaviors.

The report also reviews the development of credit and debit card markets, card acceptance and interchange regulations, and the Mexican online payment market.

"People are accustomed to keeping Mexico low on the list of top international markets, and they overlook many of its advantages," said Terry Xie, director of the International Advisory Service at Mercator Advisory Group and principal analyst on the report. "But there is a good chance that forthcoming changes in the market will generate a market opportunity not to be missed over the next decade."

Highlights of the report include:

• an overview of Mexico's macroeconomic development;
• a review of the Mexican banking industry, consumer credit industry, and overall payment system;
• a look at the development of credit card, debit card, and online payments markets;
• an overview of leading players in the Mexican payments market; and
• a synopsis of the federal government's efforts to reform and regulate the banking and payments market.

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