US novel Banking policies to obscure impact on Mexico payment industry: Ken Research REQUEST FOR SAMPLE REPORT Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit Elevated vulnerability in the wake of the outcome of the US presidential decision The deficit was cut down by 1.1% of GDP from 2015 to 2016 Ken research announce its recent publication on “ Consumer Payments Country Snapshot: Mexico 2016“ which concentrates on offering insightful analysis of consumer payments market in Mexico, considering payment cards, online payments, P2P payments and latest payment technologies such as mobile wallets and contactless along with the regulations enforced in the market and how they have evolved. Furthermore, it has explored the online payment market in the UK by payment tool along with its five year future forecast for the development of the market. This report offers an in-depth analysis of the consumer attitudes towards prepaid cards, mobile payment tools, P2P tools and the process of deployment constructed by the companies in Mexico. Learn the latest trends which drive consumer behaviour at the macro level and plan the respective strategies further. Mexico – Economic forecast Financial movement has been versatile to sharply bring down oil costs, powerless world trade development and money related policies fixing in the United States. Domestic demand remains the fundamental driver of monetary activity, upheld by late auxiliary changes that have sliced costs to buyers, eminently on power and telecoms services. Development will be kept down in 2017 and 2018, for the most part through venture and buyer confidence, following uncertainties about future US strategy, in spite of the fact that the economy could profit by more grounded import demand from the United States. Macroeconomic factors are being fixed. Banco de Mexico raised policy rates to counter inflationary weights and keep expansion expectations secured close to the inflation target and all the more as of late because of elevated vulnerability in the wake of the outcome of the US presidential decision. Keeping in mind the end goal to meet the union way and guarantee debt sustainability, the 2017 budget plan incorporates expenditure cuts, with the goal of coming back to an essential surplus. The government laid down a consolidation path two years back to lessen the budget deficit by 2 percentage points of GDP more than 4 years. However, there is degree for reallocating expenditures and further constraining tax expenditures to rise spending on projects helpful for comprehensive development for Mexican families – such as child care, wellbeing, poverty reduction, and infrastructure. Financial activity held back by external factors Even being hit by major external shocks, the Mexican economy has been versatile. The external environment is a task, with the global economy remaining in a low-growth trap and poor expectations degrading trade, investment, and salaries. Headwinds specific to Mexico incorporate reducing oil prices, which had cut down government receipts, cutbacks in power sector investments, and the heavily depreciating Mexican peso following market expectations of US Federal Reserve fixing, and policy uncertainty in the United States. The government is on right path to meet its Public Sector Borrowing Requirements (PSBR) deficit target. The deficit was cut down by 1.1% of GDP from 2015 to 2016; however this largely reflected a one-off profit remittance from the central bank. The loss of budget revenue following the eradication of global oil prices posed a threat and an opportunity for Mexico, which it conveniently met by implementing a reform to raise taxes by 3% of GDP since 2014, thereby majorly reducing fiscal dependence on oil. Certain reforms are needed for the country’s economic and financial growth Misallocation of productive resources, stringent local regulations, weak legal institutions, high rates of corruption Insufficient financial inclusion Eradicating extreme poverty, reducing income inequality and informality, Raising female participation, and encouraging more responsible business practices. The outlook is linked to external developments The expansion of the Mexican economy is anticipated to be affected by policy uncertainties in the United States. However, the economy will continue to be accepted by a competitive exchange rate, solid credit expansion, and continual improvements in the labour market included by the government’s structural reforms and the low inflation environment. For more coverage tap on the link below https://www.kenresearch.com/banking-financial-services-and-insurance/financial-services/consumer-payments-country-snapshot-mexico-2016/58933-93.html Related Reports https://www.kenresearch.com/banking-financial-services-and-insurance/financial-services/cards-payments-industry-norway-emerging-trends/65447-93.html https://www.kenresearch.com/banking-financial-services-and-insurance/financial-services/consumer-payments-country-snapshot-uae/62127-93.html Contact: Ken Research Ankur Gupta, Head Marketing & Communications query@kenresearch.com +91-124-4230204 Tags: Alternative Payment Methods in Mexico, Cards and Payment Industry in Mexico, Debit Card Industry in Mexico, Mexico Bill Payment Market Research, Mexico Cards and Payments Industry Trends, Mexico Cards Payment Market Trends, Mexico Money Remittance Industry, Mexico Payment Industry Research Report, Mobile Payment Market Mexico, Plastic Money Market Mexico