Forecast: Number of Payments by Cards with a Debit Function in Mexico

Analysis of the number of payments by cards with a debit function in Mexico reveals a progressive increase from 1.07 billion units in 2013 to 2.87 billion units in 2023. This represents a significant year-on-year growth, peaking at 32.84% in 2021. However, fluctuations including a contraction of -12.53% in 2020 were noted, likely reflecting economic impacts from the global pandemic. The most recent data marks a 4.37% increase for 2023. Over the last five years, the market experienced an average annual growth (CAGR) of 4.15%.

The forecast anticipates continued growth from 2024 to 2028, with expected growth rates showing an average annual increase of 3.09%. Key future trends to watch include:

• Technological advancements in payment methods
• Increased financial inclusion efforts in Mexico
• Consumer preferences shifting towards digital transactions
• Potential impact of economic factors influencing spending behavior