From 2013 to 2023, the number of ATM cash withdrawals in Mexico experienced fluctuations, with significant growth periods interrupted by occasional declines. The year 2020 saw a notable dip of -15.15% due to the pandemic but rebounded strongly by 29.2% in 2021. By 2023, the number stood at 2.08 billion units with a modest growth of 1.97% year-on-year. The compound annual growth rate (CAGR) over the last five years up to 2023 was a moderate 1.82%, indicating a stable yet slow increase overall.

Looking ahead from 2024, forecasts suggest a steady growth trajectory with the number of withdrawals projected to reach 2.29 billion units by 2028. The forecasted five-year CAGR is 1.5%, showing a continued but gradual rise in ATM usage.

Future trends to watch for:

Increasing use of digital payment methods potentially reducing the necessity for cash withdrawals.
Economic recovery post-pandemic influencing consumer financial behavior and ATM usage.
Technological advancements in fintech driving shifts in traditional banking and cash usage patterns.