The number of ATMs per hundred thousand persons in Mexico has shown a consistent upward trend from 2013 to 2023, reaching 64.91 units in 2023. Over the last two years, growth was moderate: 1.72% from 2022 to 2023 and 2.49% from 2021 to 2022. The five-year CAGR leading up to 2023 was 1.99%, indicating gradual but steady growth. Forecasted data from 2024 onwards suggests a continued rise, with the number of ATMs reaching 69.61 by 2028, reflecting a future five-year CAGR of 1.08% and a total growth rate of 5.53%.
Future trends to watch for include the impact of digital banking and mobile payment solutions on ATM usage, as well as potential technological advancements in ATM functionality that could influence installation rates.
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