Most used e-commerce payment methods in Mexico 2016-2023, with 2027 forecast

Published by
Raynor de Best,
Jun 24, 2024

In 2022, about a third of online purchases made in Mexico were paid for with credit or charge cards. E-wallets and debit cards followed, accounting for 27 percent and 19 percent of e-commerce payments made in the North American country. Overall, e-commerce sales in Mexico are forecast to keep growing in the near future.

Market share of cash, credit cards, and other payment methods during online shopping in Mexico from 2016 to 2023, with a forecast for 2027

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Sources

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Release date

March 2024

Region

Mexico

Survey time period

March 2024

Special properties

The source made multiple changes to its categories over time, see the "Details" tab for more information.

Supplementary notes

* In 2022, the source stated it merged the categories of "credit cards" together with "charge/deferred debit cards".

** The source created a new category in 2023 called A2A or account-to-account. It refers to these as electronic payments made between parties that circumvent card networks and that are embedded within apps and online services. The source lists Pix in Brazil, iDEAL in the Netherlands, and BLIK in Poland as its main examples. A2A includes - and does not solely consist of - the former categories of "bank transfers" and "direct debits". The figures have been taken from several publications.

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Statistics on " Digital payment types in Mexico "

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Market share

6

Penetration

8

Biggest brands

7

Users

7

Transaction value

6

Number of transactions

7

Miscellaneous

7

Further related statistics

11

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Topics

Digital payments landscape in MexicoMobile payments with digital walletsFintech in MexicoE-commerce in Latin AmericaE-commerce in Mexico
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