Competitive Dynamics in the Mexican Payment Card Market

Competitive Dynamics in the Mexican Payment Card Market

  • Products Id :- 263008
  • |
  • Pages: 38
  • |
  • |
  • |
  Request for Sample Report
  Request A Quote

Executive Summary


The Mexican credit card market is dominated by the two large banks, BBVA Bancomer and Banamex, owned by Spanish and US banking parents respectively. In terms of pay now cards, these two are the market leaders along with Banorte. Yet non-traditional entrants have also made inroads into the market, reaching new customer groups and offering new types of cards.


Benchmark your performance against issuers across metrics including number of cards, frequency of use, transaction value, and balances outstanding.

Use Verdict Financial's in-depth analysis of the strategies being employed by Mexican card issuers to inform your strategy.

Benefit from strategic recommendations informed by Verdict Financial's extensive market research.

Learn about the threat new payment technologies pose to the payment card market and how developments in this space will influence market dynamics.

Reasons To Buy

Who are the key players in the debit, credit, and charge card markets? How are they adapting to changes within the wider market?

Is consumer behavior and card usage changing? What impact is the economy having on how consumers use their payment cards?

What are the major challenges to the established issuers in the Mexican market, and how are issuers responding to them?

What are the successful strategies being used to acquire and retain customers, and why are they successful?

What does the emergence of new payment technologies mean for future issuer positioning?

Key Highlights

The number of credit cards issued in Mexico is rising year on year. Yet a significant number of these cards have yet to be used, and usage is actually marginally declining. Many of the competitive pressures within the Mexican payment cards market are focused around the challenges of increasing usage of already issued cards.

The Mexican authorities have implemented policy initiatives designed to encourage more banks to enter the market and to generally improve the competitive environment. This has led to Mexican consumers taking out credit cards with financial institutions other than their normal bank as well as attracting unbanked and underbanked individuals.

Several issuers have sought to take advantage of new types of cards and payments. Examples include various applications of prepaid cards, mobile payments, and Sr. Pago, the payment solution aimed at those without a bank account.

Read More

Contact Us:
Ken Research
Ankur Gupta, Head Marketing & Communications


Single User License:
Report can be used by individual purchaser only

Site License:
Report can be shared by unlimited users within one corporate location, e.g. a regional office

Corporate User License:
Report can be shared globally by unlimited users within the purchasing corporation e.g. all employees of a single company

To know more information on Purchase by Section, please send a mail to sales [@]

select a license
Single User License
USD 2795 INR 206187
Site License
USD 5590 INR 412374
Corporate User License
USD 8385 INR 618561



An excellent provider. Thorough, precise and outstanding insight. They drill down to what we need and their reports are effective at integrating text with supporting graphics and charts. Their reports are a great resource to go back too. ...

Coherent, high-quality, thoroughly-researched reports. We received a very quick response to all our queries which eventually expedited the entire process....

Well structured, the insights they shared with us were very helpful and reliable. Their timely assistance make their services invaluable to us. I would highly recommend them and would definitely use them again in the future if needed...

The report sent to us was on the point, and its information was quite extensive, well structured, and well researched. More importantly what we valued was your response time and professionalism. As a leading global consulting firm, our clients expect high quality deliverables in short periods of time, so a reliable research partner is essential. For the price that you have charged the quality of your services were exceptional. We look forward to continue our relationship with your team on future engagements....

This is with regards to your report on India PVC pipes and fitting market outlook industry outlook to 2019. This is a very well written report and accept my compliments on the same.... ...

Ken Research Private Limited, Unit 14, Tower B3, Spaze I Tech Business Park, Sohna Road, sector 49
     Gurgaon, Haryana - 122001, India


Company Brochure

Engage with Us

sales [@]