Mexicans made 1.17 trillion pesos worth of credit card transactions in 2021, a recovery from the decline observed in 2020. The change from 2020 to 2021 was an increase of roughly 14 percent in Mexican pesos, although the growth change when estimating this value in U.S. dollars was not as big. Mexico did not feature in a comparison of credit card penetration across 161 countries worldwide in 2021, but before that year it was seen as the least likely country in the world where credit cards saw much use.
Value of credit card transactions for payments in Mexico from 2012 to 2022
(in million Mexico pesos, and estimates in U.S. dollars)
2022 figures and beyond - release date November 2023 and later - made significant strides in reporting quality - causing a sometimes significant break in methodology in individual countries. Statista sometimes still had to calculate figures, however, as card figures were split between non-remote and remote use cases.
2021 figures and before - with a release date of July 2022, or earlier - are all Statista estimates. Statista used the following indicators - which did not return after the figures covering 2022:
1. Credit cards
Number of cards with a delayed debit function;
Number of cards with a credit / delayed debit function;
Number of cards with a credit function.
2. Debit cards
Number of cards with a debit function;
Number of cards with a debit / delayed debit function.
The following additional sources have been used to provide further context to these figures:
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Statista. (February 25, 2024). Value of credit card transactions for payments in Mexico from 2012 to 2022 (in million Mexico pesos, and estimates in U.S. dollars) [Graph]. In Statista. Retrieved December 21, 2024, from https://www.statista.com/statistics/1364879/annual-value-of-credit-card-payments-mexico/
Statista. "Value of credit card transactions for payments in Mexico from 2012 to 2022 (in million Mexico pesos, and estimates in U.S. dollars)." Chart. February 25, 2024. Statista. Accessed December 21, 2024. https://www.statista.com/statistics/1364879/annual-value-of-credit-card-payments-mexico/
Statista. (2024). Value of credit card transactions for payments in Mexico from 2012 to 2022 (in million Mexico pesos, and estimates in U.S. dollars). Statista. Statista Inc.. Accessed: December 21, 2024. https://www.statista.com/statistics/1364879/annual-value-of-credit-card-payments-mexico/
Statista. "Value of Credit Card Transactions for Payments in Mexico from 2012 to 2022 (in Million Mexico Pesos, and Estimates in U.S. Dollars)." Statista, Statista Inc., 25 Feb 2024, https://www.statista.com/statistics/1364879/annual-value-of-credit-card-payments-mexico/
Statista, Value of credit card transactions for payments in Mexico from 2012 to 2022 (in million Mexico pesos, and estimates in U.S. dollars) Statista, https://www.statista.com/statistics/1364879/annual-value-of-credit-card-payments-mexico/ (last visited December 21, 2024)
Value of credit card transactions for payments in Mexico from 2012 to 2022 (in million Mexico pesos, and estimates in U.S. dollars) [Graph], Statista, February 25, 2024. [Online]. Available: https://www.statista.com/statistics/1364879/annual-value-of-credit-card-payments-mexico/