The number of online banking users in Mexico increased steadily from 2019 to 2024. In the fourth quarter of 2024, there were over ** million online banking users in Mexico, up from around ***** million users reported in the previous quarter. In 2024, Mexico reported on average more than *** million online banking transfers per quarter.

In the third quarter of 2023, three banks accounted for 76.4 percent of all mobile banking accounts linked to smartphones in Mexico: BBVA Mexico, Banco Azteca, and Banamex. Among them, BBVA Mexico held the highest share of accounts, with 31.5 percent. It was followed by Banco Azteca, with 26.6 percent.

This statistic shows the number of users of digital banking services of selected banks in Mexico in May 2017, sorted by platform. According to data, Grupo BBVA counted a total of 2.99 million mobile banking users in the presented month.

Mexico MX: Branches: per 100,000 Adults: Commercial Banks data was reported at 14.125 Number in 2017. This records a decrease from the previous number of 14.154 Number for 2016. Mexico MX: Branches: per 100,000 Adults: Commercial Banks data is updated yearly, averaging 14.113 Number from Dec 2004 (Median) to 2017, with 14 observations. The data reached an all-time high of 15.049 Number in 2012 and a record low of 10.867 Number in 2004. Mexico MX: Branches: per 100,000 Adults: Commercial Banks data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Mexico – Table MX.World Bank.WDI: Banking Indicators. Commercial bank branches are retail locations of resident commercial banks and other resident banks that function as commercial banks that provide financial services to customers and are physically separated from the main office but not organized as legally separated subsidiaries.; ; International Monetary Fund, Financial Access Survey.; Median; Country-specific metadata can be found on the IMF’s FAS website at http://fas.imf.org.

Key information about Mexico Total Deposits

• Mexico Total Deposits was reported at 444.009 USD bn in Jan 2025
• This records a decrease from the previous number of 444.367 USD bn for Dec 2024
• Mexico Total Deposits data is updated monthly, averaging 215.634 USD bn from Jan 1998 to Jan 2025, with 325 observations
• The data reached an all-time high of 514.252 USD bn in Mar 2024 and a record low of 107.598 USD bn in Aug 1998
• Mexico Total Deposits data remains active status in CEIC and is reported by CEIC Data
• The data is categorized under World Trend Plus’s Global Economic Monitor – Table: Total Deposits: USD: Monthly

CEIC calculates monthly Total Deposits as the sum of Deposits in Commercial Banks and Development Banks and converts it into USD. The Bank of Mexico provides Total Deposits in local currency. The Federal Reserve Board period end market exchange rate is used for currency conversions.

Mexico KB: Consumer Financing: Outstanding: Number Restrictions: Others data was reported at 34,585.200 MXN mn in Feb 2019. This records a decrease from the previous number of 34,650.400 MXN mn for Jan 2019. Mexico KB: Consumer Financing: Outstanding: Number Restrictions: Others data is updated monthly, averaging 35,755.950 MXN mn from Jul 2009 (Median) to Feb 2019, with 116 observations. The data reached an all-time high of 143,444.300 MXN mn in Jan 2011 and a record low of 28,910.800 MXN mn in Feb 2011. Mexico KB: Consumer Financing: Outstanding: Number Restrictions: Others data remains active status in CEIC and is reported by Bank of Mexico. The data is categorized under Global Database’s Mexico – Table MX.KB006: Consumer Financing: Commercial Banks: 2018 Methodology.

The number of mobile banking users in Mexico increased gradually between 2017 and 2023, with each year recording a higher penetration rate than the previous one. In 2023, the number of mobile banking users was estimated at **** million.

As of December 2024, BBVA led the ranking of largest banks in Mexico, with total assets amounting to over *** billion U.S. dollars. It was followed by Banorte, with total assets worth over *** billion U.S. dollars. Banco Santander ranked third, followed by Citibanamex and HSBC. Digital banking in Mexico Digital banking in Mexico experienced significant growth in recent years, offering convenience and accessibility to a large portion of the population. In 2024, there were a total of ** digital banks in the country, almost twice as many as five years before. The most popular digital banks include Nubank, Ualá, and Klar. Fintech’s future and presence in Mexico Fintech, or financial technology, aims to update and enhance financial services for corporations as well as consumers. The number of fintech users in Mexico is forecast to increase consistently in the future., with the digital payment segment accumulating the largest user base. This coincides with the dominance of the payment and remittances segment of fintech in 2024: There were *** fintech companies operating in the payment and remittances sectors, making it one of the leading segments for the nation’s fintech sector.

Mexico KB: Consumer Financing: Outstanding: Number Restrictions data was reported at 1,010,920.500 MXN mn in Feb 2019. This records an increase from the previous number of 1,008,581.300 MXN mn for Jan 2019. Mexico KB: Consumer Financing: Outstanding: Number Restrictions data is updated monthly, averaging 672,802.250 MXN mn from Jul 2009 (Median) to Feb 2019, with 116 observations. The data reached an all-time high of 1,018,303.600 MXN mn in Nov 2018 and a record low of 368,747.000 MXN mn in Mar 2010. Mexico KB: Consumer Financing: Outstanding: Number Restrictions data remains active status in CEIC and is reported by Bank of Mexico. The data is categorized under Global Database’s Mexico – Table MX.KB006: Consumer Financing: Commercial Banks: 2018 Methodology.

Forecast: Number of Commercial Bank Branches in Mexico 2022 - 2026 Discover more data with ReportLinker!

Mexico Commercial Banks: Accounts with Mobile Banking: Puebla data was reported at 1,083,723.000 Number in Mar 2019. This records an increase from the previous number of 1,054,037.000 Number for Feb 2019. Mexico Commercial Banks: Accounts with Mobile Banking: Puebla data is updated monthly, averaging 189,845.000 Number from Apr 2011 (Median) to Mar 2019, with 96 observations. The data reached an all-time high of 1,083,723.000 Number in Mar 2019 and a record low of 151.000 Number in Apr 2011. Mexico Commercial Banks: Accounts with Mobile Banking: Puebla data remains active status in CEIC and is reported by Bank of Mexico. The data is categorized under Global Database’s Mexico – Table MX.KA020: Commercial Banks Operations.

This dataset provides information on 1,727 in Mexico as of May, 2025. It includes details such as email addresses (where publicly available), phone numbers (where publicly available), and geocoded addresses. Explore market trends, identify potential business partners, and gain valuable insights into the industry. Download a complimentary sample of 10 records to see what's included.

Mexico KB: Consumer Financing: Outstanding: Number Restrictions: Credit Card data was reported at 379,566.800 MXN mn in Feb 2019. This records a decrease from the previous number of 381,856.300 MXN mn for Jan 2019. Mexico KB: Consumer Financing: Outstanding: Number Restrictions: Credit Card data is updated monthly, averaging 289,408.400 MXN mn from Jul 2009 (Median) to Feb 2019, with 116 observations. The data reached an all-time high of 393,952.500 MXN mn in Nov 2018 and a record low of 195,119.400 MXN mn in Jul 2010. Mexico KB: Consumer Financing: Outstanding: Number Restrictions: Credit Card data remains active status in CEIC and is reported by Bank of Mexico. The data is categorized under Global Database’s Mexico – Table MX.KB006: Consumer Financing: Commercial Banks: 2018 Methodology.

Key information about Mexico Total Loans

• Mexico Total Loans was reported at 433.181 USD bn in Jan 2025
• This records an increase from the previous number of 426.816 USD bn for Dec 2024
• Mexico Total Loans data is updated monthly, averaging 246.165 USD bn from Dec 2000 to Jan 2025, with 290 observations
• The data reached an all-time high of 486.287 USD bn in Mar 2024 and a record low of 94.386 USD bn in Jun 2002
• Mexico Total Loans data remains active status in CEIC and is reported by CEIC Data
• The data is categorized under World Trend Plus’s Global Economic Monitor – Table: Total Loans: USD: Monthly

CEIC calculates monthly Total Loans as the sum of loans from Commercial Banks and Development Banks, and converts it into USD. The Bank of Mexico provides loans from Commercial Banks and Development Banks in local currency based on 2018 Methodology. The Federal Reserve Board period end market exchange rate is used for currency conversions. Total Loans cover lenders as Commercial Banks and Development Banks. Total Loans prior to January 2009 is based on Dec 2000 Methodology.

The size of the Mexico Credit Card market was valued at USD XX Million in 2023 and is projected to reach USD XXX Million by 2032, with an expected CAGR of 8.60% during the forecast period. The Mexico credit card market is witnessing a tremendous growth speed, mainly through increased consumer spending, government initiatives for electronic payment promotion, and the steadily increasing popularity of digital transactions. A credit card is issued in plastic by a financial institution that allows the cardholder to make purchases on credit. It operates on a revolving credit system, wherein it enables customers to borrow the available amount up to their pre-approved limit and repay the borrowed amount along with a specific interest rate over some specified period. Credit cards have many attractions to consumers as well. These include convenience, security, and rewards. Cashless transactions are facilitated by credit cards that render it easier to buy goods and services online and even more so off the lines. The cash needed to be carried is reduced as credit cards provide a security layer. Further, most credit cards carry a rewards program. This may come in the form of cashback, points, or airline miles. Such rewards can be redeemed for various sorts of benefits. Credit cards provide the company with a convenient means of payment. It minimizes the need to manage cash and improves the firm's cash flow. They also provide some useful data on customers' spending habits, which can be used for targeted marketing and insights on business operations. Recent developments include: November 2021 - Mastercard collaborated with Jeeves, a business banking company that has worked with numerous Mexican businesses, to help alleviate credit access problems in Mexico. The company aims to help deal with the burgeoning FinTech ecosystem in the region with this partnership., November 2021 - Mastercard acquired Arcus FI, an alum of the company's Start Path program, to help support the delivery of bill pay solutions and other real-time payment applications across Latin America. Arcus helps to enable bill pay and cash-in, cash-out services for billers, retailers, fintechs, and traditional financial institutions in the U.S. and Mexico, with expansion into Latin America. Its flagship solution, the Arcus Pay Network, has access to some of the largest retailers and direct connection with many of the largest billers in Mexico.. Key drivers for this market are: High Proliferation of Smartphones and Digital Initiatives, Favorable Changes in Regulatory Frameworks In the Country. Potential restraints include: Operational Challenges Involving Cross-border Payments. Notable trends are: P2B Segment is expected to witness strong growth.

Commercial Banks: Accounts with Mobile Banking: Mexico City data was reported at 5,822,352.000 Number in Mar 2019. This records an increase from the previous number of 5,504,654.000 Number for Feb 2019. Commercial Banks: Accounts with Mobile Banking: Mexico City data is updated monthly, averaging 903,138.500 Number from Apr 2011 (Median) to Mar 2019, with 96 observations. The data reached an all-time high of 5,822,352.000 Number in Mar 2019 and a record low of 3,420.000 Number in Apr 2011. Commercial Banks: Accounts with Mobile Banking: Mexico City data remains active status in CEIC and is reported by Bank of Mexico. The data is categorized under Global Database’s Mexico – Table MX.KA020: Commercial Banks Operations.

Mexico Development Banks: Accounts w/ Mobile Banking: Baja California Sur data was reported at 0.000 Number in Mar 2019. This stayed constant from the previous number of 0.000 Number for Feb 2019. Mexico Development Banks: Accounts w/ Mobile Banking: Baja California Sur data is updated monthly, averaging 0.000 Number from Apr 2011 (Median) to Mar 2019, with 96 observations. The data reached an all-time high of 0.000 Number in Mar 2019 and a record low of 0.000 Number in Mar 2019. Mexico Development Banks: Accounts w/ Mobile Banking: Baja California Sur data remains active status in CEIC and is reported by Bank of Mexico. The data is categorized under Global Database’s Mexico – Table MX.KA021: Development Banks Operations.

Mexico KB: Consumer Financing: Outstanding: Number Restrictions: Payroll data was reported at 240,466.500 MXN mn in Feb 2019. This records an increase from the previous number of 238,218.800 MXN mn for Jan 2019. Mexico KB: Consumer Financing: Outstanding: Number Restrictions: Payroll data is updated monthly, averaging 139,698.150 MXN mn from Jul 2009 (Median) to Feb 2019, with 116 observations. The data reached an all-time high of 240,466.500 MXN mn in Feb 2019 and a record low of 0.000 MXN mn in Jan 2011. Mexico KB: Consumer Financing: Outstanding: Number Restrictions: Payroll data remains active status in CEIC and is reported by Bank of Mexico. The data is categorized under Global Database’s Mexico – Table MX.KB006: Consumer Financing: Commercial Banks: 2018 Methodology.

Mexico Commercial Banks: Accounts with Mobile Banking: Yucatan data was reported at 394,872.000 Number in Mar 2019. This records an increase from the previous number of 380,673.000 Number for Feb 2019. Mexico Commercial Banks: Accounts with Mobile Banking: Yucatan data is updated monthly, averaging 90,793.500 Number from Apr 2011 (Median) to Mar 2019, with 96 observations. The data reached an all-time high of 394,872.000 Number in Mar 2019 and a record low of 192.000 Number in Apr 2011. Mexico Commercial Banks: Accounts with Mobile Banking: Yucatan data remains active status in CEIC and is reported by Bank of Mexico. The data is categorized under Global Database’s Mexico – Table MX.KA020: Commercial Banks Operations.

Mexico Commercial Banks: Accounts with Mobile Banking: Aguascalientes data was reported at 279,046.000 Number in Mar 2019. This records an increase from the previous number of 267,237.000 Number for Feb 2019. Mexico Commercial Banks: Accounts with Mobile Banking: Aguascalientes data is updated monthly, averaging 69,378.000 Number from Apr 2011 (Median) to Mar 2019, with 96 observations. The data reached an all-time high of 279,046.000 Number in Mar 2019 and a record low of 162.000 Number in Apr 2011. Mexico Commercial Banks: Accounts with Mobile Banking: Aguascalientes data remains active status in CEIC and is reported by Bank of Mexico. The data is categorized under Global Database’s Mexico – Table MX.KA020: Commercial Banks Operations.