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Learn moreOct 2019
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Consumers in Mexico saw price increases at the end of the review period, whilst salaries remained fairly flat. As a result, many people tried to maintain the same level of spending using credit cards.
Credit cards with no commission and fewer requirements aim to attract the young unbanked population. Several banking institutions have launched basic commission-free credit cards.
At the end of 2018, American Express displayed its confidence in consumer credit in Mexico with an investment to renew its image and launched a digital platform in the country. This aimed to attract mostly younger consumers, whilst also offering a new experience to its current customers.
After the fusion of Soriana and Comercial Mexicana, Soriana entered into a commercial joint-venture with the Chilean company Falabella. Each retailer used to have its own credit cards with different banks and operators.
Due to the wide range of options in credit cards in Mexico, it has become increasingly difficult for consumers to choose the best credit card, and sometimes the information given can be confusing or misleading. In order to help consumers, Banco de México (Banxico) has a new tool on its website that includes historical and current data about interest rates, annual fees and credit limits, to better demonstrate if credit card products actually meet consumers’ needs and lifestyles.
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Discover the latest market trends and uncover sources of future market growth for the Credit Card Transactions industry in Mexico with research from Euromonitor's team of in-country analysts.
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If you're in the Credit Card Transactions industry in Mexico, our research will save you time and money while empowering you to make informed, profitable decisions.
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Euromonitor’s industry reports, including Credit Card Transactions in Mexico, originate from our database within our Consumer Finance market share and market size database
Gain competitive intelligence about market leaders. Track key industry trends, opportunities and threats. Inform your marketing, brand, strategy and market development, sales and supply functions.