Store cards demonstrated sustained growth in transaction values even during the pandemic. According to the 2018 National Financial Inclusion Survey (ENIF) conducted by the National Banking and Securities Commission (CNBV), 61.5% (15.1 million) of people aged 18 to 70 mentioned having a department store or self-service store card, amongst other forms of credit. This highlights the significance of store card penetration in Mexican society.
Euromonitor International's Store Card Transactions in Mexico report establishes the size and structure of the market for ATMs cards, smart cards, credit cards, debit cards, charge cards, pre-paid cards and store cards. It looks at key players in the market (issuers and operators), number of cards in circulation, numbers transactions and value of transactions. It offers strategic analysis of sector forecasts and trends to watch.
Data coverage: market sizes (historic and forecasts), company shares, brand shares and distribution data.
Why buy this report? * Get a detailed picture of the Store Card Transactions market; * Pinpoint growth sectors and identify factors driving change; * Understand the competitive environment, the market’s major players and leading brands; * Use five-year forecasts to assess how the market is predicted to develop.
Store Cards in Mexico
Euromonitor International
November 2023
List Of Contents And Tables
STORE CARDS IN MEXICO
KEY DATA FINDINGS
2023 DEVELOPMENTS
Interest-free instalments and cashback strengthen store cards
Promotional price campaigns drive loyalty to store cards from specific department stores
From home assistance to health plans, additional benefits are driving the use of store cards
PROSPECTS AND OPPORTUNITIES
Popularity of store cards allows potential for growth in spending
Competitive alternatives to store cards may be appreciated by low-income consumers
The pivotal role of store cards in enhancing confidence in online payments set to bolster Mexican e-commerce and benefit cardholders
CATEGORY DATA
Table 1 Store Cards: Number of Cards in Circulation 2018-2023
Table 2 Store Cards Transactions 2018-2023
Table 3 Store Cards in Circulation: % Growth 2018-2023
Table 4 Store Cards Transactions: % Growth 2018-2023
Table 5 Store Cards: Number of Cards by Issuer 2018-2022
Table 6 Store Cards: Payment Transaction Value by Issuer 2018-2022
Table 7 Forecast Store Cards: Number of Cards in Circulation 2023-2028
Table 8 Forecast Store Cards Transactions 2023-2028
Table 9 Forecast Store Cards in Circulation: % Growth 2023-2028
Table 10 Forecast Store Cards Transactions: % Growth 2023-2028
FINANCIAL CARDS AND PAYMENTS IN MEXICO
EXECUTIVE SUMMARY
Financial cards and payments in 2023: The big picture
Digital transformation and financial inclusion pave the way for a more financially equitable Mexico