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Country Report

Financial Cards and Payments in

Financial Cards and Payments in Mexico

52 pages, Nov 2018

US$2,100

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Executive Summary

New Report Guarantee

If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE!

Consumer confidence drives the growth of financial cards and payments

The consumer confidence index was shaky at the start of 2018, as concerns mounted around how the upcoming presidential elections would affect the Mexican economy. However, the positive results of the election helped to stabilise the economy and give more confidence to consumers, who resumed plans that were postponed or cancelled before the election.

The presence of co-branded cards increases

Offering co-branded cards is one of the most prevalent strategies used by credit card issuers to attract more consumers and create a stronger bond with existing customers. Consumers can find co-branded cards related to soccer teams, apparel stores, grocery retailers, airlines or amusement parks, to mention just a few.

Loyalty and rewards programmes are the main incentive

Credit, debit and store cards compete to offer the most attractive loyalty and rewards programmes to Mexican consumers. Almost all cards that belong to the mid-range and premium segments offer different loyalty and rewards programmes which offer the exchange of points for prizes, cashback on regular purchases or travel benefits.

The use of technology is highly important for digital payments

Younger consumers are pushing issuers and operators to invest in technology to be more in line with other advanced countries in terms of digital payments. Currently, only a few cards use contactless technology.

Dynamic growth on the horizon for financial cards and payments

Consumers are expected to increase their use of debit in terms of transaction numbers (although not in the value per transaction) in order to pay for most daily activities. However, credit cards will continue to be an attractive tool for deferring payment, bolstered by the benefits that consumers receive by using them.

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Overview

Why buy this report?

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.

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Overview

Discover the latest market trends and uncover sources of future market growth for the Financial Cards and Payments industry in Mexico with research from Euromonitor's team of in-country analysts.

Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections.

If you're in the Financial Cards and Payments industry in Mexico, our research will save you time and money while empowering you to make informed, profitable decisions.

The Financial Cards and Payments in Mexico market research report includes:

Analysis of key supply-side and demand trends
Historic volumes and values, company and brand market shares
Five year forecasts of market trends and market growth
Robust and transparent market research methodology, conducted in-country

Our market research reports answer questions such as:

What is the market size of Financial Cards and Payments in Mexico?
What are the major operators and issuers in Mexico?
How will regulation impact the market?
What is the current state of emerging payment technologies such as mobile commerce?

Why buy this report?

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

Euromonitor’s industry reports, including Financial Cards and Payments in Mexico, originate from our database within our Consumer Finance market share and market size database, Passport, a platform which analyses Consumer Finance in 46 countries and globally.

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Financial Cards and Payments in Mexico - Industry Overview

EXECUTIVE SUMMARY

Consumer confidence drives the growth of financial cards and payments

The presence of co-branded cards increases

Loyalty and rewards programmes are the main incentive

The use of technology is highly important for digital payments

Dynamic growth on the horizon for financial cards and payments

MARKET INDICATORS

Table 1 Number of POS Terminals: Units 2013-2018
Table 2 Number of ATMs: Units 2013-2018
Table 3 Value Lost to Fraud 2013-2018
Table 4 Card Expenditure by Location 2017
Table 5 Financial Cards in Circulation by Type: % Number of Cards 2013-2018
Table 6 Domestic versus Foreign Spend 2018

MARKET DATA

Table 7 Financial Cards by Category: Number of Cards in Circulation 2013-2018
Table 8 Financial Cards by Category: Number of Accounts 2013-2018
Table 9 Financial Cards Transactions by Category: Value 2013-2018
Table 10 Financial Cards by Category: Number of Transactions 2013-2018
Table 11 Consumer Payments by Category: Value 2013-2018
Table 12 Consumer Payments by Category: Number of Transactions 2013-2018
Table 13 M-Commerce by Category: Value 2013-2018
Table 14 M-Commerce by Category: % Value Growth 2013-2018
Table 15 Financial Cards: Number of Cards by Issuer 2013-2017
Table 16 Financial Cards: Number of Cards by Operator 2013-2017
Table 17 Financial Cards: Card Payment Transactions Value by Operator 2013-2017
Table 18 Financial Cards: Card Payment Transactions Value by Issuer 2013-2017
Table 19 Forecast Financial Cards by Category: Number of Cards in Circulation 2018-2023
Table 20 Forecast Financial Cards by Category: Number of Accounts 2018-2023
Table 21 Forecast Financial Cards Transactions by Category: Value 2018-2023
Table 22 Forecast Financial Cards by Category: Number of Transactions 2018-2023
Table 23 Forecast Consumer Payments by Category: Value 2018-2023
Table 24 Forecast Consumer Payments by Category: Number of Transactions 2018-2023
Table 25 Forecast M-Commerce by Category: Value 2018-2023
Table 26 Forecast M-Commerce by Category: % Value Growth 2018-2023

DEFINITIONS

SOURCES

Summary 1 Research Sources

Charge Cards in Mexico - Category analysis

HEADLINES

PROSPECTS

Growth in charge cards is driven by the premium segment

Merchant acceptance will increase due to card readers

Current users are expected to spur growth in the number of transactions

COMPETITIVE LANDSCAPE

American Express innovates with a new metallic card

The Mexican market continues to feature only one player in charge cards

American Express invests in advertising and kiosks in commercial centres

CATEGORY DATA

Table 27 Charge Cards: Number of Cards in Circulation 2013-2018
Table 28 Charge Cards Transactions 2013-2018
Table 29 Charge Cards in Circulation: % Growth 2013-2018
Table 30 Charge Cards Transactions: % Growth 2013-2018
Table 31 Commercial Charge Cards: Number of Cards in Circulation 2013-2018
Table 32 Commercial Charge Cards Transactions 2013-2018
Table 33 Commercial Charge Cards in Circulation: % Growth 2013-2018
Table 34 Commercial Charge Cards Transactions: % Growth 2013-2018
Table 35 Personal Charge Cards: Number of Cards in Circulation 2013-2018
Table 36 Personal Charge Cards Transactions 2013-2018
Table 37 Personal Charge Cards in Circulation: % Growth 2013-2018
Table 38 Personal Charge Cards Transactions: % Growth 2013-2018
Table 39 Charge Cards: Number of Cards by Issuer 2013-2017
Table 40 Charge Cards: Number of Cards by Operator 2013-2017
Table 41 Charge Cards Payment Transaction Value by Issuer 2013-2017
Table 42 Charge Cards Payment Transaction Value by Operator 2013-2017
Table 43 Commercial Charge Cards: Number of Cards by Issuer 2013-2017
Table 44 Commercial Charge Cards: Number of Cards by Operator 2013-2017
Table 45 Commercial Charge Cards Payment Transaction Value by Issuer 2013-2017
Table 46 Commercial Charge Cards Payment Transaction Value by Operator 2013-2017
Table 47 Personal Charge Cards: Number of Cards by Issuer 2013-2017
Table 48 Personal Charge Cards: Number of Cards by Operator 2013-2017
Table 49 Personal Charge Cards Transaction Value by Issuer 2013-2017
Table 50 Personal Charge Cards Transaction Value by Operator 2013-2017
Table 51 Forecast Charge Cards: Number of Cards in Circulation 2018-2023
Table 52 Forecast Charge Cards Transactions 2018-2023
Table 53 Forecast Charge Cards in Circulation: % Growth 2018-2023
Table 54 Forecast Charge Cards Transactions: % Growth 2018-2023
Table 55 Forecast Commercial Charge Cards: Number of Cards in Circulation 2018-2023
Table 56 Forecast Commercial Charge Cards Transactions 2018-2023
Table 57 Forecast Commercial Charge Cards in Circulation: % Growth 2018-2023
Table 58 Forecast Commercial Charge Cards Transactions: % Growth 2018-2023
Table 59 Forecast Personal Charge Cards: Number of Cards in Circulation 2018-2023
Table 60 Forecast Personal Charge Cards Transactions 2018-2023
Table 61 Forecast Personal Charge Cards in Circulation: % Growth 2018-2023
Table 62 Forecast Personal Charge Cards Transactions: % Growth 2018-2023

Credit Cards in Mexico - Category analysis

HEADLINES

PROSPECTS

Consumers use credit cards to compensate for low disposable incomes

Balance transfers could be a solution for credit card holders with growing debts

Contactless cards and mobile payments are anticipated to see dynamic growth

COMPETITIVE LANDSCAPE

American Express launches its new image and a renewed platform in Mexico

Banxico launches a comparative tool for credit cards

Chilean company Falabella launches its first credit card in Mexico in a commercial alliance with the retailer Soriana

CATEGORY DATA

Table 63 Credit Cards: Number of Cards in Circulation 2013-2018
Table 64 Credit Cards Transactions 2013-2018
Table 65 Credit Cards in Circulation: % Growth 2013-2018
Table 66 Credit Cards Transactions: % Growth 2013-2018
Table 67 Commercial Credit Cards: Number of Cards in Circulation 2013-2018
Table 68 Commercial Credit Cards Transactions 2013-2018
Table 69 Commercial Credit Cards in Circulation: % Growth 2013-2018
Table 70 Commercial Credit Cards Transactions: % Growth 2013-2018
Table 71 Personal Credit Cards: Number of Cards in Circulation 2013-2018
Table 72 Personal Credit Cards Transactions 2013-2018
Table 73 Personal Credit Cards in Circulation: % Growth 2013-2018
Table 74 Personal Credit Cards Transactions: % Growth 2013-2018
Table 75 Credit Cards: Number of Cards by Issuer 2013-2017
Table 76 Credit Cards: Number of Cards by Operator 2013-2017
Table 77 Credit Cards Payment Transaction Value by Issuer 2013-2017
Table 78 Credit Cards Payment Transaction Value by Operator 2013-2017
Table 79 Commercial Credit Cards: Number of Cards by Issuer 2013-2017
Table 80 Commercial Credit Cards: Number of Cards by Operator 2013-2017
Table 81 Commercial Credit Cards Payment Transaction Value by Issuer 2013-2017
Table 82 Commercial Credit Cards Payment Transaction Value by Operator 2013-2017
Table 83 Personal Credit Cards: Number of Cards by Issuer 2013-2017
Table 84 Personal Credit Cards: Number of Cards by Operator 2013-2017
Table 85 Personal Credit Cards Payment Transaction Value by Issuer 2013-2017
Table 86 Personal Credit Cards Payment Transaction Value by Operator 2013-2017
Table 87 Forecast Credit Cards: Number of Cards in Circulation 2018-2023
Table 88 Forecast Credit Cards Transactions 2018-2023
Table 89 Forecast Credit Cards in Circulation: % Growth 2018-2023
Table 90 Forecast Credit Cards Transactions: % Growth 2018-2023
Table 91 Forecast Commercial Credit Cards: Number of Cards in Circulation 2018-2023
Table 92 Forecast Commercial Credit Cards Transactions 2018-2023
Table 93 Forecast Commercial Credit Cards in Circulation: % Growth 2018-2023
Table 94 Forecast Commercial Credit Cards Transactions: % Growth 2018-2023
Table 95 Forecast Personal Credit Cards: Number of Cards in Circulation 2018-2023
Table 96 Forecast Personal Credit Cards Transactions 2018-2023
Table 97 Forecast Personal Credit Cards in Circulation: % Growth 2018-2023
Table 98 Forecast Personal Credit Cards Transactions: % Growth 2018-2023

Debit Cards in Mexico - Category analysis

HEADLINES

PROSPECTS

Debit cards will post rapid growth in the number of transactions

Players in other financial cards categories will turn towards debit cards

E-commerce contributes to increasing the use of debit cards

COMPETITIVE LANDSCAPE

New launch of the Amazon debit card

Banco Azteca targets the underserved and unbanked younger populations

A new debit card for public transport and other purchases

CATEGORY DATA

Table 99 Debit Cards: Number of Cards in Circulation 2013-2018
Table 100 Debit Cards Transactions 2013-2018
Table 101 Debit Cards in Circulation: % Growth 2013-2018
Table 102 Debit Cards Transactions: % Growth 2013-2018
Table 103 Debit Cards: Number of Cards by Issuer 2013-2017
Table 104 Debit Cards: Number of Cards by Operator 2013-2017
Table 105 Debit Cards Payment Transaction Value by Issuer 2013-2017
Table 106 Debit Cards Payment Transaction Value by Operator 2013-2017
Table 107 Forecast Debit Cards: Number of Cards in Circulation 2018-2023
Table 108 Forecast Debit Cards Transactions 2018-2023
Table 109 Forecast Debit Cards in Circulation: % Growth 2018-2023
Table 110 Forecast Debit Cards Transactions: % Growth 2018-2023

Pre-Paid Cards in Mexico - Category analysis

HEADLINES

PROSPECTS

Open loop pre-paid card companies target two main groups

Virtual wallets will replace plastic pre-paid cards

The increase in the road infrastructure will drive closed loop pre-paid cards

COMPETITIVE LANDSCAPE

PASE and IAVE are leading competitors in highway toll pre-paid cards

Sodexo Motivation Solutions México in alliance with mobile card readers

Sí Vale México innovates with technology

CATEGORY DATA

Table 111 Pre-paid Cards: Number of Cards in Circulation 2013-2018
Table 112 Pre-paid Cards Transactions 2013-2018
Table 113 Pre-paid Cards in Circulation: % Growth 2013-2018
Table 114 Pre-paid Cards Transactions: % Growth 2013-2018
Table 115 Closed Loop Pre-paid Cards Transactions 2013-2018
Table 116 Closed Loop Pre-paid Cards Transactions: % Growth 2013-2018
Table 117 Open Loop Pre-paid Cards Transactions 2013-2018
Table 118 Open Loop Pre-paid Cards Transactions: % Growth 2013-2018
Table 119 Pre-paid Cards: Number of Cards by Issuer 2013-2017
Table 120 Pre-paid Cards: Number of Cards by Operator 2013-2017
Table 121 Pre-paid Cards Transaction Value by Issuer 2013-2017
Table 122 Pre-paid Cards Transaction Value by Operator 2013-2017
Table 123 Closed Loop Pre-paid Cards: Number of Cards by Issuer 2013-2017
Table 124 Closed Loop Pre-paid Cards: Number of Cards by Operator 2013-2017
Table 125 Closed Loop Pre-paid Cards Transaction Value by Issuer 2013-2017
Table 126 Closed Loop Pre-paid Cards Transaction Value by Operator 2013-2017
Table 127 Open Loop Pre-paid Cards: Number of Cards by Issuer 2013-2017
Table 128 Open Loop Pre-paid Cards: Number of Cards by Operator 2013-2017
Table 129 Open Loop Pre-paid Cards Transaction Value by Issuer 2013-2017
Table 130 Open Loop Pre-paid Cards Transaction Value by Operator 2013-2017
Table 131 Forecast Pre-paid Cards: Number of Cards in Circulation 2018-2023
Table 132 Forecast Pre-paid Cards Transactions 2018-2023
Table 133 Forecast Pre-paid Cards in Circulation: % Growth 2018-2023
Table 134 Forecast Pre-paid Cards Transactions: % Growth 2018-2023
Table 135 Forecast Closed Loop Pre-paid Cards Transactions 2018-2023
Table 136 Forecast Closed Loop Pre-paid Cards Transactions: % Growth 2018-2023
Table 137 Forecast Open Loop Pre-paid Cards Transactions 2018-2023
Table 138 Forecast Open Loop Pre-paid Cards Transactions: % Growth 2018-2023

Store Cards in Mexico - Category analysis

HEADLINES

PROSPECTS

New stores attract more clients

Attractive promotions encourage the use of store cards

The competition against credit cards will lead store cards to evolve

COMPETITIVE LANDSCAPE

New loyalty programme offered by El Puerto de Liverpool

Almacenes Coppel maintains its lead in store cards

New option of a store card for clients of Soriana in alliance with Falabella

CATEGORY DATA

Table 139 Store Cards: Number of Cards in Circulation 2013-2018
Table 140 Store Cards Transactions 2013-2018
Table 141 Store Cards in Circulation: % Growth 2013-2018
Table 142 Store Cards Transactions: % Growth 2013-2018
Table 143 Store Cards: Number of Cards by Issuer 2013-2017
Table 144 Store Cards: Payment Transaction Value by Issuer 2013-2017
Table 145 Forecast Store Cards: Number of Cards in Circulation 2018-2023
Table 146 Forecast Store Cards Transactions 2018-2023
Table 147 Forecast Store Cards in Circulation: % Growth 2018-2023
Table 148 Forecast Store Cards Transactions: % Growth 2018-2023

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Megatrends

Country Report

Financial Cards and Payments in Mexico

New Report Guarantee

Executive Summary

New Report Guarantee

Consumer confidence drives the growth of financial cards and payments

The presence of co-branded cards increases

Loyalty and rewards programmes are the main incentive

The use of technology is highly important for digital payments

Dynamic growth on the horizon for financial cards and payments

Overview

Why buy this report?

Samples (FAQs about samples):

Want to find out more about this report?

Table of Contents

Financial Cards and Payments in Mexico - Industry Overview

EXECUTIVE SUMMARY

Consumer confidence drives the growth of financial cards and payments

The presence of co-branded cards increases

Loyalty and rewards programmes are the main incentive

The use of technology is highly important for digital payments

Dynamic growth on the horizon for financial cards and payments

MARKET INDICATORS

MARKET DATA

DEFINITIONS

SOURCES

Charge Cards in Mexico - Category analysis

HEADLINES

PROSPECTS

Growth in charge cards is driven by the premium segment

Merchant acceptance will increase due to card readers

Current users are expected to spur growth in the number of transactions

COMPETITIVE LANDSCAPE

American Express innovates with a new metallic card

The Mexican market continues to feature only one player in charge cards

American Express invests in advertising and kiosks in commercial centres

CATEGORY DATA

Credit Cards in Mexico - Category analysis

HEADLINES

PROSPECTS

Consumers use credit cards to compensate for low disposable incomes

Balance transfers could be a solution for credit card holders with growing debts

Contactless cards and mobile payments are anticipated to see dynamic growth

COMPETITIVE LANDSCAPE

American Express launches its new image and a renewed platform in Mexico

Banxico launches a comparative tool for credit cards

Chilean company Falabella launches its first credit card in Mexico in a commercial alliance with the retailer Soriana

CATEGORY DATA

Debit Cards in Mexico - Category analysis

HEADLINES

PROSPECTS

Debit cards will post rapid growth in the number of transactions

Players in other financial cards categories will turn towards debit cards

E-commerce contributes to increasing the use of debit cards

COMPETITIVE LANDSCAPE

New launch of the Amazon debit card

Banco Azteca targets the underserved and unbanked younger populations

A new debit card for public transport and other purchases

CATEGORY DATA

Pre-Paid Cards in Mexico - Category analysis

HEADLINES

PROSPECTS

Open loop pre-paid card companies target two main groups

Virtual wallets will replace plastic pre-paid cards

The increase in the road infrastructure will drive closed loop pre-paid cards

COMPETITIVE LANDSCAPE

PASE and IAVE are leading competitors in highway toll pre-paid cards

Sodexo Motivation Solutions México in alliance with mobile card readers

Sí Vale México innovates with technology

CATEGORY DATA

Store Cards in Mexico - Category analysis

HEADLINES

PROSPECTS

New stores attract more clients

Attractive promotions encourage the use of store cards

The competition against credit cards will lead store cards to evolve

COMPETITIVE LANDSCAPE

New loyalty programme offered by El Puerto de Liverpool

Almacenes Coppel maintains its lead in store cards