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Mexico

Mobile commerce payments make up 34% of transactions in Mexico, which has the highest smartphone usage in Latin America. With only around two-thirds of the population having bank accounts, mobile wallets have a huge impact on financial access for Mexicans.

Mexico flag

Population

126,705,138

Banked Population:

36.93%

Group 427321246

Main industries

Automotive, Maquiladora, Food, Electronics, and Oil

Group 427321247

Main imports

Integrated Circuits, Motor Vehicles (parts & accessories), Refined Petroleum, Office Machine Parts, and Telephones

Group 427321248

Main exports

Cars, Computers, Motor Vehicles (parts & accessories), Delivery Trucks, and Crude Petroleum

GDP stats

$10,045.7

Per capita (USD)

4.7%

Growth annually

15

World ranking

Internet usage

72%

Smartphone usage

63%

Credit/debit card usage

27%

Population transacting electronically

32%

Group 427321245 1

Total volume of digital payments projected to reach

$85.99B (USD)

Banco Inbursa

Wire Transfer

MIFEL

Wire Transfer

ING Bank

Wire Transfer

INVEX

Wire Transfer

BBVA Bancomer Mexico

Wire Transfer

IXE Banco

Wire Transfer

Banco Mercantil del Norte Banorte

Wire Transfer

Scotiabank Inverlat

Wire Transfer

HSBC Mexico Offline BT

Wire Transfer

Banco Santander Mexico

Wire Transfer

Banca Afirme

Wire Transfer

Acciones y Valores Banamex

Wire Transfer

AZTECA

Wire Transfer

BANK OF AMERICA

Wire Transfer

BANREGIO

Wire Transfer

Banco del Bajio

Wire Transfer

Banco Monex

Wire Transfer

Deutsche Bank Mexico

Wire Transfer

Banco Interacciones

Wire Transfer

Caja Tacna

Online

Caja Trujillo

Online

Scotiabank Mexico Cash

Cash

Santander Mexico Cash

Cash

Soriana

Cash

BBVA Bancomer

Online

BBVA Continental

Online

Banco Santander

Online

Caja Arequipa

Online

Caja Huancayo

Online

HSBC Mexico

Online

Interbank

Online

Scotiabank Mexico

Online

Scotiabank Peru

Online

Santander Mexico

Online

SPEI

Online

PayNet

Cash

OXXO

Cash

Banco Azteca

Cash

BBVA Bancomer Cash

Cash

Banorte

Cash

Calimax

Cash

Farmacias Santa Maria

Cash

HSBC Mexico Cash

Cash

MIZUHO BANK

Payout

Zurich Vida

Payout

Scotiabank Mexico

Payout

Santander Mexico

Payout

Banco Wal Mart de Mexico Adelante

Payout

Zurich Compania de Seguros

Payout

Merrill Lynch Mexico

Payout

Transfers and Payments System STP

Payout

Banco Inbursa

Payout

MULTIVA BANCO

Payout

Skandia Vida

Payout

ICBC

Payout

NAFIN

Payout

Telecomunicaciones de Mexico

Payout

INDEVAL

Payout

Operadora Actinver

Payout

TRANSFER

Payout

MIFEL

Payout

Order Express Casa de Cambio

Payout

Mapfre Tepeyac

Payout

INMOBILIARIO

Payout

PROFUTURO

Payout

UNAGRA

Payout

ING Bank

Payout

PAGATODO

Payout

UBS Bank Mexico

Payout

INTERCAM BANCO

Payout

The Royal Bank of Scotland Mexico

Payout

Unica Casa de Cambio

Payout

INVERCAP

Payout

REFORMA

Payout

MUFG

Payout

INVEX

Payout

Solucion Asea

Payout

VALUE

Payout

IXE Banco

Payout

Sterling Casa de Cambio

Payout

VALMEX

Payout

JP MORGAN

Payout

SABADELL

Payout

VE POR MAS

Payout

J.P. Morgan Casa de Bolsa

Payout

SHINHAN

Payout

VECTOR

Payout

J.P. SOFIEXPRESS

Payout

Seguros Monterrey New York Life

Payout

VOLKSWAGEN

Payout

KUSPIT

Payout

Skandia Operadora de Fondos

Payout

MONEXCB

Payout

MASARI

Payout

BANCOPPEL

Payout

CBOLSA

Payout

Banco Interacciones

Payout

BARCLAYS

Payout

CONSUBANCO

Payout

BANSEFI

Payout

CREDIT SUISSE

Payout

BANSI

Payout

CAJA TELEFONIST

Payout

B y B

Payout

DONDE

Payout

CIBANCO

Payout

Deutsche Bank Mexico

Payout

CI BOLSA

Payout

Deutsche Securities

Payout

CRISTOBAL COLON

Payout

EVERCORE

Payout

BANCO FINTERRA

Payout

Casa de Cambio Tiber

Payout

ESTRUCTURADORES

Payout

BANREGIO

Payout

CoDi Valida

Payout

FINCOMUN

Payout

Banco del Bajio

Payout

CB INTERCAM

Payout

FONDO (FIRA)

Payout

BANJERCITO

Payout

CB LIBERTAD

Payout

FINAMEX

Payout

BANKAOOL

Payout

CLS Bank International

Payout

FOMPED

Payout

Banco Nacional de Mexico

Payout

CAJA POP MEXICA

Payout

HIPOTECARIA FED

Payout

Banco Monex

Payout

COMPARTAMOS

Payout

HDI SEGUROS

Payout

BANOBRAS

Payout

CREDICAPITAL

Payout

Hipotecaria Su Casita

Payout

AZTECA

Payout

BANK OF AMERICA

Payout

BBVA Bancomer

Payout

BBASE

Payout

Banorte

Payout

BANCOMEXT

Payout

GBM

Payout

Bulltick Casa de Bolsa

Payout

HSBC Mexico

Payout

BANCREA

Payout

ACCENDO BANCO

Payout

BANCO S3

Payout

ABC CAPITAL

Payout

BANCO FAMSA

Payout

Actinver Casa de Bolsa

Payout

AMERICAN EXPRESS

Payout

Banca Afirme

Payout

AUTOFIN

Payout

ASP INTEGRA OPC

Payout

AKALA

Payout

ACTINVER

Payout

Acciones y Valores Banamex

Payout

Payment Methods in Mexico

All
  • All Methods
  • Payout
  • Wire Transfer
  • ONLINE
  • Cash

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