Mexico

mkt_mx

SPEI bank transfers and OXXO’s cash-linked payment journeys give Mexican checkout options beyond cards. These local routes connect account holders and cash users with merchants in a peso economy of approximately 132 million residents, with GDP per capita near US$13,900 in 2025.

Alpha-3:MEX
NUM:484
Population
132M
GDP
$1.8T
GDP per Capita
$14K
GDP Growth
0.6%
Deepdive

World Bank, World Development Indicators (WDI), 2025

Cash in Mexico

In Mexico, 85% of adults usually paid in cash for purchases up to MXN500 in 2024, down from 90% in 2021. Spending remains cash-heavy despite card ownership, transfers between bank accounts and cash-linked checkout through stores.

ATMs (PER 100K)
70.4
BANKS (PER 100K)
11.5
DEBIT CARDS (PER ADULT)
2.1
CREDIT CARDS (PER ADULT)
0.5
Compare

IMF, Financial Access Survey (FAS), 2025

Payment Methods

Schemes

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Systems

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PSPs

Compliance

Standards