Opportunities in Mexico's Card and Payment Sector

Rising Trends in Mexico's Card and Payment Sector

Mexico's card and payment sector offers numerous opportunities due to the rise of digital banks, the adoption of contactless payments, and the rapid expansion of e-commerce platforms like AliExpress and Amazon. These factors are increasing consumer demand for payment solutions.

Dublin, October 31, 2025 – The research company has published its report titled "Mexico Cards and Payments: Opportunities and Risks for 2029." This report provides a comprehensive analysis of market trends in Mexico's card and payment sector.

The report includes values and volumes of key performance indicators such as cash, cards, remittances, direct debits, and checks for the years 2021-2025. Additionally, it provides detailed information about the types of cards operating in the market, the number of cards in circulation, and transaction values.

Notably, in 2024, Santander introduced a digital banking platform named Openbank in Mexico. This platform allows users to open debit and savings accounts without a minimum balance requirement. Nubank, on the other hand, received approval from the National Banking and Securities Commission of Mexico (CNBV) in 2025 to become a fully-fledged bank.

Contactless payments are also becoming increasingly widespread. For instance, in 2025, the Mexican state government collaborated with Movimex to develop new contactless payment cards. Furthermore, contactless payment systems were implemented in the Mexico City Metro; this system allows passengers to make payments using credit, debit, and service cards.

The e-commerce market is also growing rapidly. In 2025, AliExpress launched its platform in Mexico, offering to charge businesses no commission for 90 days and providing customers with free shipping. Additionally, Amazon rolled out its new e-commerce platform, Bazaar, within its mobile application.

This report is significant for investors as it helps them understand the opportunities and competitive dynamics in Mexico's card and payment sector. Key topics include the size of the card market, payment instruments, market trends, competitive analysis, and consumer attitudes.