The value of ATM cash withdrawals in Mexico experienced significant fluctuations from 2013 to 2023, peaking at $199.7 billion in 2014 and reaching a low of $150.67 billion in 2020 due to the COVID-19 pandemic. By 2023, it rebounded to $185.46 billion, showing a minimal year-on-year increase of 0.7%. Over the past five years (2018-2023), the Compound Annual Growth Rate (CAGR) was approximately 0.74%. Forecasts for the next five years (2024-2028) indicate a steady, albeit slow, growth with a forecasted CAGR of 0.55% and a total growth of 2.77%, reaching $192.7 billion by 2028.
Future trends to watch for include the impact of digital payment methods on cash usage, regulatory changes affecting ATM operation costs and availability, and economic factors influencing consumer spending and cash dependency. Monitoring these factors will provide deeper insights into the evolving landscape of cash withdrawals in Mexico.
