Finance experts report confidence of conservative growth in gross consumer lending in Mexico over the forecast period as the economy slowly recovers. Growth will slow slightly after a significant rise over 2022-2023 and will remain robustly positive throughout the forecast period.
The strengthening of traditional banking in Mexico is focused on the low-income population sector. The high levels of remittances that the country has received in 2022 are working to boost economic activity in this predominant sector.
Fintechs are an emerging presence in consumer credit in Mexico and are set to grow in importance during the forecast period. Their growth has been facilitated by introduction of a specific legal framework for fintechs (dubbed the ‘fintech law’) in 2018.
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Understand the latest market trends and future growth opportunities for the Consumer Credit industry in Mexico with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Consumer Credit industry in Mexico, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
Consumer Credit
Non-mortgage consumer debt extended to individuals for personal or household use including installment loans and credit cards. Examples of consumer credit include auto lending, card lending, durables lending, education lending, home lending and other personal loans. Consumer credit includes both revolving and non-revolving credit.
See All of Our DefinitionsThis report originates from Passport, our Consumer Credit research and analysis database.
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