The Mexico payments market is expected to register a CAGR of 15.75% during the period of 2022-2027. The primary factor driving the growth of the market in the region is the rising adoption of digital payments supported by government initiatives and strong development in E-commerce, among others.
Key HighlightsThe Mexico payments market is moderately consolidated as few players currently dominate the payments market. Major players in the Mexico payments market offer well-developed digital payments solutions, adopting strategies like acquisitions and partnerships to expand their reach to more consumers in the region. Some of the major companies in the payments market are Visa Inc., Mastercard Inc., HSBC, and American Express.
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