The number of direct debit transfers in Mexico has shown significant fluctuations over the past decade. From 2013 to 2019, there was a consistent upward trend, with year-on-year variations peaking at 16.21% in 2016. However, in 2020, the number saw a sharp decline of 13.58%, likely impacted by external economic factors. Post-2020, recovery was strong with a notable 31.4% increase in 2021. Although 2022 experienced a minor reduction of 1.28%, the number stood at 129.79 million units in 2023, reflecting a 3.45% increase from the previous year and a 3.65% CAGR for the past five years.
Forecasts indicate a moderate growth trend for the following years. From 2024 to 2028, the annual growth rate is expected to average 2.51%, resulting in a 13.2% overall increase by 2028. This represents a stable yet slower growth pattern compared to previous years.
Future trends to watch for include the increasing adoption of digital payments and the impact of regulatory changes on banking practices. With technological advancements and consumer preference shifts, the volume of direct debits could be influenced by innovations in fintech and mobile banking solutions.
