Latin America · GDP rank #12
Mexico
MX · MXN @ 0.0575/USD
A two-speed payments economy: SPEI handled more than 7.3 billion interbank transactions in 2025 and is on track to overtake card volume by 2026, while CoDi has been allowed to wind down in favour of DiMo's phone-alias overlay. Remittance inflows from the United States stayed the world's largest by absolute value but fell 4.6% in 2025 — the steepest annual decline in 16 years. The fintech sector regulated under the 2018 Ley Fintech has become the region's most active deposit-competition battleground after Brazil.
Tab 02
Consumer payments
How consumers actually pay: the share of cash, the stock and flow of cards, the scheme split at checkout, which mobile wallets matter, and how broadly POS acceptance reaches.
Every figure is authored against a named publisher — click the ⓘ anywhere to open the source panel with the underlying URL and access date.
Cash share of POS volume
% · 2024
Debit card share
% · 2024
Credit card share
% · 2024
Mobile wallet share
% · 2024
Payment mix
At the point of sale
The shares below are POS volume (count of transactions), which reads differently from POS value. For the value-share read, see the card-economy grid underneath.
Share of POS
- Cash56%
- Credit card9%
- Debit card22%
- Instant / A2A8%
- Mobile wallet21%
- BNPL5%
- Other4%
Cash behaviour
- ATM network
- 61,800
- Avg. ATM withdrawal
- MX$2,640
- Cash share · value
- 28%
- Cash share · volume
- 56%
Source · CNBV
Scheme share
Which networks clear the card volume
Scheme share is the split of general-purpose card purchase volume — not issuance, not count of cards. A high domestic share (e.g. UnionPay, RuPay, ELO) means a large share of card flow never touches a global scheme.
Mexican domestic debit-credit scheme operated by Prosa; present mostly on HSBC, Banorte and Bancoppel portfolios.
Share of card volume
- Visa54%
- Mastercard35%
- Amex8%
- Other1%
- Domestic Scheme2%
Debit card transactions
transactions/year · 2024
Debit card spend
MXN annual · 2024
Credit card transactions
transactions/year · 2024
Credit card spend
MXN annual · 2024
Average debit ticket size
MXN · 2024
Average credit ticket size
MXN · 2024
Mobile wallets
Where wallets actually land
User counts are the best single scalar for wallet reach, but they understate usage intensity in markets where one super-app carries multi-digit trillions of renminbi or rupees. For flow, see the rails tab.
Active users
- Mercado Pago23M
Q4 2025
- Apple Pay8.5M
2024
- Google Pay11.2M
2024
- Nu Wallet15M
Q1 2026
- DiMo (Banxico alias overlay)11M
Q1 2026
Notable wallets
Mercado Pago
Largest fintech-led wallet in Mexico; integrated with Mercado Libre marketplace and extensive offline SMB acceptance.
MercadoLibre
Apple Pay
Counterpoint Research
Google Pay
iOS is under-indexed in Mexico at ~25% smartphone share, giving Google Pay a structural volume lead over Apple Pay.
Counterpoint Research
Nu Wallet
Q1 2026 reached operating breakeven in Mexico; now the third-largest financial institution by customer count, ahead of plan.
Nu Holdings
DiMo (Banxico alias overlay)
Mexico Business News
Full reference