Forecast: Number of Transferable Deposits Accounts Held by Non-banks in Mexico

The number of transferable deposit accounts held by non-banks in Mexico stood at 116.47 million units in 2023. This highlights an average annual growth (CAGR) of 2.24% over the past five years. Year-on-year variations show a steady decline from 8.9% in 2016 to 2.06% in 2023, indicating a relative stabilization in growth rate.

Over the next five years, the forecast suggests a gradual increase to 127.53 million units by 2028, reflecting a more modest CAGR of 1.43%. The projected growth rate of 7.37% over this period indicates a deceleration compared to previous years.

Future trends to watch include:

• Increasing digital banking penetration and its impact on traditional deposit accounts.
• Regulatory changes affecting non-bank financial institutions.
• Economic factors influencing consumer banking behavior in Mexico.