Digital payments refer to any form of cashless payment, or payments conducted without banknotes or coins, in an online or offline environment. Such payments can include mobile payments - digital payments performed on a mobile device - but also relatively new trends like buy now, pay later (BNPL), cryptocurrency, or instant (real-time) payments. Out of all these digital options, which developments are noteworthy to know about for Mexico?
Digital payments landscape in Mexico - statistics & facts
Digital payments refer to any form of cashless payment, or payments conducted without banknotes or coins, in an online or offline environment. Such payments can include mobile payments - digital payments performed on a mobile device - but also relatively new trends like buy now, pay later (BNPL), cryptocurrency, or instant (real-time) payments. Out of all these digital options, which developments are noteworthy to know about for Mexico?
Key insights
- Forecasted number of digital payment transactions in Latin America
- 190bn
Detailed statistics
Number of digital payments worldwide 2013-2021 with forecasts to 2027, by region
- Credit card penetration in Mexico
- 9.5%
Detailed statistics
Credit card penetration in 161 countries worldwide 2011, 2014, 2017, 2021
- Buy now, pay later market share in domestic e-commerce in Mexico
- 1%
Detailed statistics
Buy now, pay later (BNPL) share in e-commerce in 41 countries worldwide 2016-2023
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Market share
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- Premium Statistic Annual level of cash payments in Mexico 2002-2022
- Premium Statistic Annual currency in circulation (CIC) to GDP ratio of Mexico 2001-2022
- Premium Statistic Most used in-store (POS) payment methods in Mexico 2017-2023, with 2027 forecast
- Premium Statistic Payments at points of sale by type in Mexico 2023
- Premium Statistic Most used e-commerce payment methods in Mexico 2016-2023, with 2027 forecast
- Premium Statistic Most common online payments by type in Mexico 2023
Market share
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Annual level of cash payments in Mexico 2002-2022
Annual level of cash payments in Mexico 2002-2022
Share of cash estimate at point of sale (POS) in Mexico from 2002 to 2022
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Annual currency in circulation (CIC) to GDP ratio of Mexico 2001-2022
Annual currency in circulation (CIC) to GDP ratio of Mexico 2001-2022
Share of currency in circulation (CIC) to the nominal GDP of Mexico from 2001 to 2022
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Premium Statistic
Most used in-store (POS) payment methods in Mexico 2017-2023, with 2027 forecast
Most used in-store (POS) payment methods in Mexico 2017-2023, with 2027 forecast
Market share of cash, credit cards, and other payment methods at point of sale (POS) in Mexico from 2017 to 2023, with a forecast for 2027
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Payments at points of sale by type in Mexico 2023
Payments at points of sale by type in Mexico 2023
Payments at points of sale by type in Mexico as of December 2023
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Most used e-commerce payment methods in Mexico 2016-2023, with 2027 forecast
Most used e-commerce payment methods in Mexico 2016-2023, with 2027 forecast
Market share of cash, credit cards, and other payment methods during online shopping in Mexico from 2016 to 2023, with a forecast for 2027
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Most common online payments by type in Mexico 2023
Most common online payments by type in Mexico 2023
Most common online payments by type in Mexico as of December 2023
Penetration
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- Premium Statistic Penetration rate of credit cards in Mexico 2014-2029
- Premium Statistic Penetration rate of debit cards in Mexico 2014-2029
- Premium Statistic Quarterly adoption of mobile payments at POS in Mexico 2018-2023
- Premium Statistic Mobile payments by situation in Mexico 2022
- Premium Statistic Payment types accepted by e-commerce vendors in Mexico between 2022 and 2024
- Premium Statistic Annual crypto adoption development in Mexico 2020-2023, by metric
- Premium Statistic Cross-border vs. domestic e-commerce in Latin America in 2023, by country
- Premium Statistic Quarterly market share of incoming digital remittances in Mexico 2016-2023
Penetration
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Penetration rate of credit cards in Mexico 2014-2029
Penetration rate of credit cards in Mexico 2014-2029
Penetration rate of credit cards in Mexico from 2014 to 2029
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Penetration rate of debit cards in Mexico 2014-2029
Penetration rate of debit cards in Mexico 2014-2029
Penetration rate of debit cards in Mexico from 2014 to 2029
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Quarterly adoption of mobile payments at POS in Mexico 2018-2023
Quarterly adoption of mobile payments at POS in Mexico 2018-2023
Mobile payments usage performed with any mobile device at POS in Mexico from 2018 to 4th quarter of 2023
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Mobile payments by situation in Mexico 2022
Mobile payments by situation in Mexico 2022
Mobile payments by situation in Mexico in 2022
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Payment types accepted by e-commerce vendors in Mexico between 2022 and 2024
Payment types accepted by e-commerce vendors in Mexico between 2022 and 2024
Current and future implementation of selected digital payments in e-commerce in Mexico as of February 2022
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Annual crypto adoption development in Mexico 2020-2023, by metric
Annual crypto adoption development in Mexico 2020-2023, by metric
Crypto Adoption Index ranking of Mexico from 2020 to 2023, by metric
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Cross-border vs. domestic e-commerce in Latin America in 2023, by country
Cross-border vs. domestic e-commerce in Latin America in 2023, by country
Distribution of cross-border vs. domestic e-commerce in Latin America in 2023, by country
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Quarterly market share of incoming digital remittances in Mexico 2016-2023
Quarterly market share of incoming digital remittances in Mexico 2016-2023
Share of digitally initiated remittances in Mexico from 2nd quarter 2016 to 3rd quarter 2023, based on remittance inflow from any other country
Biggest brands
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- Premium Statistic Biggest international and domestic payment card schemes in Mexico 2016-2022
- Premium Statistic Most used mobile payments by brand in Mexico 2023
- Premium Statistic Most used online payments by brand in Mexico 2023
- Premium Statistic Biggest buy now, pay later (BNPL) apps in Mexico 2015-2023, based on downloads
- Premium Statistic Biggest cryptocurrency wallets in Mexico 2015-2023, based on downloads
- Premium Statistic Biggest A2A payments brands in Latin America in 2023, based on number of transactions
- Premium Statistic Quarterly market share of incoming remittance brands in Mexico 2011-2023
Biggest brands
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Biggest international and domestic payment card schemes in Mexico 2016-2022
Biggest international and domestic payment card schemes in Mexico 2016-2022
Market share of payment card brands - Visa, Mastercard, American Express, or in-market local card schemes - in Mexico from 2016 to 2022
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Most used mobile payments by brand in Mexico 2023
Most used mobile payments by brand in Mexico 2023
Most used mobile payments by brand in Mexico as of December 2023
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Most used online payments by brand in Mexico 2023
Most used online payments by brand in Mexico 2023
Most used online payments by brand in Mexico as of December 2023
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Biggest buy now, pay later (BNPL) apps in Mexico 2015-2023, based on downloads
Biggest buy now, pay later (BNPL) apps in Mexico 2015-2023, based on downloads
Biggest buy now, pay later (BNPL) apps in Mexico from 1st quarter of 2015 to 4th quarter of 2023, by number of downloads
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Biggest cryptocurrency wallets in Mexico 2015-2023, based on downloads
Biggest cryptocurrency wallets in Mexico 2015-2023, based on downloads
Biggest wallets for cryptocurrency storage in Mexico from 1st quarter of 2015 to 4th quarter of 2023, by number of downloads
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Premium Statistic
Biggest A2A payments brands in Latin America in 2023, based on number of transactions
Biggest A2A payments brands in Latin America in 2023, based on number of transactions
Brands with the highest number of A2A payments transactions per month in Latin America in 2023 (in millions)
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Quarterly market share of incoming remittance brands in Mexico 2011-2023
Quarterly market share of incoming remittance brands in Mexico 2011-2023
Biggest brands for remittances in Mexico from 1st quarter 2011 to 3rd quarter 2023, based on remittance inflow from any other country
Users
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- Premium Statistic Annual credit card and debit cards issued in Mexico 2012-2022
- Premium Statistic Triennial credit card penetration in Mexico 2011-2024, by demographic
- Premium Statistic Triennial debit card penetration in Mexico 2011-2024, by demographic
- Premium Statistic Top 10 countries worldwide based on number of buy now, pay later (BNPL) users 2022
- Premium Statistic Quarterly number of crypto users in Mexico 2021-2022
- Premium Statistic Crypto adoption in Mexico as of November 2022, by age and gender
- Premium Statistic Annual number of users of instant payment scheme CoDi in Mexico 2019-2022
Users
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Premium Statistic
Annual credit card and debit cards issued in Mexico 2012-2022
Annual credit card and debit cards issued in Mexico 2012-2022
Total number of credit cards and debit cards in circulation in Mexico from 2012 to 2022
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Triennial credit card penetration in Mexico 2011-2024, by demographic
Triennial credit card penetration in Mexico 2011-2024, by demographic
Share of individuals who own a credit card in Mexico in 2011, 2014, 2017 with forecasts for 2021 and 2024, by age, gender, and income level
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Triennial debit card penetration in Mexico 2011-2024, by demographic
Triennial debit card penetration in Mexico 2011-2024, by demographic
Share of individuals who own a debit card in Mexico in 2011, 2014, 2017 with forecasts for 2021 and 2024, by age, gender, and income level
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Top 10 countries worldwide based on number of buy now, pay later (BNPL) users 2022
Top 10 countries worldwide based on number of buy now, pay later (BNPL) users 2022
Leading countries in the world with the highest number of buy now, pay later (BNPL) users as of 2022 (in millions)
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Quarterly number of crypto users in Mexico 2021-2022
Quarterly number of crypto users in Mexico 2021-2022
Estimated number of people who hold or trade cryptocurrency in Mexico from 4th quarter of 2021 to 4th quarter of 2022
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Crypto adoption in Mexico as of November 2022, by age and gender
Crypto adoption in Mexico as of November 2022, by age and gender
Crypto ownership among consumers in Mexico in the three months prior to November 2022, by age and gender
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Annual number of users of instant payment scheme CoDi in Mexico 2019-2022
Annual number of users of instant payment scheme CoDi in Mexico 2019-2022
Number of accounts that made at least one payment with real time payment scheme CoDi in Mexico from 2019 to 2022
Transaction value
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- Premium Statistic Annual credit card spending in Mexico 2012-2022, in local currency and USD
- Premium Statistic Annual debit card spending in Mexico 2012-2022, in local currency and USD
- Premium Statistic Global QR payment market size in 2020 with forecasts to 2025, by region
- Premium Statistic Mobile payment market size in 4 countries in the Americas in 2020, with 2025 forecast
- Premium Statistic Annual buy now, pay later (BNPL) spending in Mexico in 2023, with a 2029 forecast
- Premium Statistic Annual instant payment spending in Mexico 2019-2023, in local currency and USD
Transaction value
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Premium Statistic
Annual credit card spending in Mexico 2012-2022, in local currency and USD
Annual credit card spending in Mexico 2012-2022, in local currency and USD
Value of credit card transactions for payments in Mexico from 2012 to 2022 (in million Mexico pesos, and estimates in U.S. dollars)
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Annual debit card spending in Mexico 2012-2022, in local currency and USD
Annual debit card spending in Mexico 2012-2022, in local currency and USD
Value of debit card transactions for payments in Mexico from 2012 to 2022 (in million Mexican pesos, and estimates in U.S. dollars)
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Premium Statistic
Global QR payment market size in 2020 with forecasts to 2025, by region
Global QR payment market size in 2020 with forecasts to 2025, by region
Market size of QR code transactions in various regions worldwide in 2020 with forecasts from 2021 to 2025 (in billion U.S. dollars)
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Mobile payment market size in 4 countries in the Americas in 2020, with 2025 forecast
Mobile payment market size in 4 countries in the Americas in 2020, with 2025 forecast
Transaction volume of mobile payments in selected countries in North America and Latin America in 2020 with a forecast for 2025 (in million U.S. dollars)
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Annual buy now, pay later (BNPL) spending in Mexico in 2023, with a 2029 forecast
Annual buy now, pay later (BNPL) spending in Mexico in 2023, with a 2029 forecast
Estimated transaction value of buy now, pay later (BNPL) in Mexico in 2023, with forecasts for 2024 and 2029 (in million U.S. dollars)
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Annual instant payment spending in Mexico 2019-2023, in local currency and USD
Annual instant payment spending in Mexico 2019-2023, in local currency and USD
Value of real time payments in Mexico with local scheme CoDi from 2019 to 2022 (in million Mexican pesos, and estimates in U.S. dollars)
Number of transactions
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- Premium Statistic Annual number of credit card transactions in Mexico 2012-2022, per capita
- Premium Statistic Size of a credit card transaction in Mexico 2012-2022, in local currency and USD
- Premium Statistic Annual number of debit card transactions in Mexico 2012-2022, per capita
- Premium Statistic Size of a debit card transaction in Mexico 2012-2022, in local currency and USD
- Premium Statistic Annual number of real-time payments in Mexico in 2022, with a 2027 forecast
- Premium Statistic Annual number of instant payment transactions in Mexico 2019-2022, per capita
- Premium Statistic Size of an instant payment transaction in Mexico 2019-2022, in local currency and USD
Number of transactions
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Premium Statistic
Annual number of credit card transactions in Mexico 2012-2022, per capita
Annual number of credit card transactions in Mexico 2012-2022, per capita
Total number of credit card transactions processed for payments in Mexico from 2012 to 2022
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Premium Statistic
Size of a credit card transaction in Mexico 2012-2022, in local currency and USD
Size of a credit card transaction in Mexico 2012-2022, in local currency and USD
Average value of a credit card transaction in Mexico from 2012 to 2022 (in Mexican pesos, and estimates in U.S. dollars)
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Annual number of debit card transactions in Mexico 2012-2022, per capita
Annual number of debit card transactions in Mexico 2012-2022, per capita
Total number of debit card transactions processed for payments in Mexico from 2012 to 2022
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Premium Statistic
Size of a debit card transaction in Mexico 2012-2022, in local currency and USD
Size of a debit card transaction in Mexico 2012-2022, in local currency and USD
Average value of a debit card transaction in Mexico from 2012 to 2022 (in Mexican pesos, and estimates in U.S. dollars)
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Premium Statistic
Annual number of real-time payments in Mexico in 2022, with a 2027 forecast
Annual number of real-time payments in Mexico in 2022, with a 2027 forecast
Total number of real-time (instant) payments in Mexico in 2022, with a forecast for 2027
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Annual number of instant payment transactions in Mexico 2019-2022, per capita
Annual number of instant payment transactions in Mexico 2019-2022, per capita
Total number of real-time payment transactions in Mexico with local scheme CoDi from 2019 to 2022
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Premium Statistic
Size of an instant payment transaction in Mexico 2019-2022, in local currency and USD
Size of an instant payment transaction in Mexico 2019-2022, in local currency and USD
Average value of a real time payment transaction with local scheme CoDi in Mexico from 2019 to 2022 (in Mexican pesos, and estimates in U.S. dollars)
Miscellaneous
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- Premium Statistic Annual number of POS terminals in Mexico 2012-2022
- Premium Statistic Triennial unbanked population share in Mexico 2011-2024, by demographic
- Premium Statistic Internet users in Mexico 2014-2029
- Premium Statistic Mobile internet usage reach in Mexico 2014-2029
- Premium Statistic Retail e-commerce revenue in Mexico 2017-2028
- Premium Statistic Main cross-border online shopping markets in Mexico 2022, by market share
- Premium Statistic Annual value of outgoing and incoming remittance flow in Mexico 2021, by country
Miscellaneous
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Premium Statistic
Annual number of POS terminals in Mexico 2012-2022
Annual number of POS terminals in Mexico 2012-2022
Total number of POS terminals reported in Mexico from 2012 to 2022
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Premium Statistic
Triennial unbanked population share in Mexico 2011-2024, by demographic
Triennial unbanked population share in Mexico 2011-2024, by demographic
Share of unbanked individuals in Mexico in 2011, 2014, 2017 with forecasts for 2021 and 2024, by age, gender, and income level
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Premium Statistic
Internet users in Mexico 2014-2029
Internet users in Mexico 2014-2029
Number of internet users in Mexico from 2014 to 2029 (in millions)
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Mobile internet usage reach in Mexico 2014-2029
Mobile internet usage reach in Mexico 2014-2029
Mobile internet usage penetration in Mexico from 2014 to 2029
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Retail e-commerce revenue in Mexico 2017-2028
Retail e-commerce revenue in Mexico 2017-2028
Retail e-commerce revenue in Mexico from 2017 to 2028 (in billion U.S. dollars)
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Main cross-border online shopping markets in Mexico 2022, by market share
Main cross-border online shopping markets in Mexico 2022, by market share
Leading countries for cross-border online purchases in Mexico in 2022, by market share
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Annual value of outgoing and incoming remittance flow in Mexico 2021, by country
Annual value of outgoing and incoming remittance flow in Mexico 2021, by country
Value of remittances sent from/to Mexico to/from other countries or territories worldwide in 2021 (in million U.S. dollars)
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