market share of cash in Mexican physical stores had declined by 30 percentage points when compared to 2019, although cash was still the most popular payment method in POS.
According to a 2022 release of a three-year survey, Mexico's share of respondents who claimed not to have a access to banking account increased in 2017. The source states 2017 was the latest available year for Mexico in 2022, as no new figures were provided for that country. Nevertheless, Mexico seemed to have a relatively high share of "unbanked" population - or those who or those who did not access to the services of a bank or another, similar financial organization. This was especially true for poor respondents, with a share of 75 percent in 2017. The report adds that women in Mexico were more likely than men to be financially excluded from services like ATM machines, credit cards, or financial products like insurance or mortgages. By 2021, the 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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Other statistics that may interest you Digital payment types in Mexico
Market share
6
- 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 2024
- 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 2024
Penetration
8
- 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 usage by situation in Mexico 2024
- 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
Biggest brands
7
- Premium Statistic Biggest international and domestic payment card schemes in Mexico 2016-2022
- Premium Statistic Biggest contactless payment brands at POS in Mexico 2024
- Premium Statistic Biggest e-commerce payment brands in Mexico 2024
- 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
Users
7
- 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
Transaction value
6
- 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
Number of transactions
7
- 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 2023, with a 2028 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
Miscellaneous
7
- 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
Further Content: You might find this interesting as well
Statista. (March 11, 2024). Share of unbanked individuals in Mexico in 2011, 2014, 2017 with forecasts for 2021 and 2024, by age, gender, and income level [Graph]. In Statista. Retrieved May 23, 2024, from https://www.statista.com/statistics/1370630/access-to-financial-services-in-mexico/
Statista. "Share of unbanked individuals in Mexico in 2011, 2014, 2017 with forecasts for 2021 and 2024, by age, gender, and income level." Chart. March 11, 2024. Statista. Accessed May 23, 2024. https://www.statista.com/statistics/1370630/access-to-financial-services-in-mexico/
Statista. (2024). Share of unbanked individuals in Mexico in 2011, 2014, 2017 with forecasts for 2021 and 2024, by age, gender, and income level. Statista. Statista Inc.. Accessed: May 23, 2024. https://www.statista.com/statistics/1370630/access-to-financial-services-in-mexico/
Statista. "Share of Unbanked Individuals in Mexico in 2011, 2014, 2017 with Forecasts for 2021 and 2024, by Age, Gender, and Income Level." Statista, Statista Inc., 11 Mar 2024, https://www.statista.com/statistics/1370630/access-to-financial-services-in-mexico/
Statista, Share of unbanked individuals in Mexico in 2011, 2014, 2017 with forecasts for 2021 and 2024, by age, gender, and income level Statista, https://www.statista.com/statistics/1370630/access-to-financial-services-in-mexico/ (last visited May 23, 2024)
Share of unbanked individuals in Mexico in 2011, 2014, 2017 with forecasts for 2021 and 2024, by age, gender, and income level [Graph], Statista, March 11, 2024. [Online]. Available: https://www.statista.com/statistics/1370630/access-to-financial-services-in-mexico/