Top eight recipients of remittance inflows

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Mexico

Mexico: Find infinite opportunities in the second-largest economy in Latin America

With a vibrant economic landscape and an ever-evolving digital sphere, Mexico has become the second most important economy in Latin America.

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Market Overview

Mexico presents a highly connected population, a dynamic market, and abundant growth opportunities

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Population: 128M *

With a vast population, Mexico still has untapped economic potential.

* Source: Worldometers 2023.
eCommerce: 19.6B *

Mexico presents a significant market size with a large demand.

* Source: AMVO, 2021
eShoppers: 64M *

Food delivery, fashion, and electronics are the most chosen categories when buying online.

* Source: AMI, 2022
Internet users: 78.6% *

Online bank transfers play a huge role in the country's economy.

* Source: Datareportal, 2023.

Gain insight into Mexico's most relevant payment Methods

33% Credit Cards
27% eWallets
23% Debit Cards
8% Cash
6% Bank Transfer
2% Other
1% Buy now pay later (BNPL)

Credit and debit cards

Play like a local by offering traditional payment methods.
- Visa
- Mastercard
- Visa Debit
- Mastercard Debit
- American Express
- Carnet
Wallets

Tackle all audiences.
- MercadoPago
Cash-based payments
- OXXO
- S PayNet
- OXXO pay
- Datalogic
Online bank transfers

Count on a wide variety of options to drive conversion.
- Santander
- BBVA Bancomer
- Codi
- Banorte
- SPEI

View Documentation

Latest about Mexico

August 04, 2023
Oxxo – A Guide Through Mexico’s Preferred Cash Payment Method

Oxxo is Mexico’s preferred cash payment method. Oxxo allows eCommerce customers to generate payment vouchers and pay them in cash. Over 74% of the country's population uses digital commerce daily.
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The ultimate guide to embracing new opportunities in Mexico

Learn more about the payments system of the second-largest economy in Latin America.

The ultimate guide to embracing new opportunities in Mexico

Dominican Republic

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