墨西哥数字支付行业市场前景及投资研究报告-培训课件外文版2024.6微信支付宝

DIGITAL

&

TRENDSDigitalpaymenttypesinMexicoCHAPTER

01MarketshareShareofcashestimateatpointofsale(POS)inMexicofrom2002to2022AnnuallevelofcashpaymentsinMexico2002-2022100%89.5%88.3%90%80%70%60%50%40%30%20%10%0%85.1%82.8%78.7%77.5%

77%

77.2%75.8%73.6%71.1%70%

70%68.8%67.7%65.6%

65.7%64.4%

64.5%62.5%61.7%2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

2020

2021

20224Description:CashwasadominantpaymentmethodinMexico,withnearly60percentofalltransactionsbeingdonewithcashmoneyin2022.Thisaccordingtoestimationsbasedontheavailabledataregardingcashwithdrawalsandpaymenttransactions.Nodataexistsontheactualuseofcash,outsideofsurveydiaries.Thenumbersshownhereassumethatconsumerswhowithdrawcasharelikelytospendthisinaphysicalstore.Asnotallpaymentdataisreadilyavailable,liketheuseofOTCor[...]

ReadmoreNote(s):Mexico;2002to2022;ThenumbersprovidedhavebeencalculatedbySource(s):BancodeMéxico;BankforInternationalSettlements;IMF;PYMNTS;usingnumbersonATMandOTCwithdrawals.Seethe"Details"tabformoreinformationShareofcurrencyincirculation(CIC)tothenominalGDPofMexicofrom2001to2022Annualcurrencyincirculation(CIC)toGDPratioofMexico2001-202210%9%8%7%6%5%4%3%2%1%0%2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

2020

2021

20225Description:TherelativevalueofcashthatcirculatedintheeconomyofMexicodeclinedforthefirsttimein2022,albeitinasmallway.Thisso-calledCIC/GDPratioismeanttoroughlymeasuretheuseofcashinthecountry.Duetotheanonymityofcashtransactions,sourcesstruggletofindexactvolumesonthis.Theratiomentionedhereisquitepopularinthatregard,asthedataitneedsisrelativelyeasytofind.Someindustryexpertsmention,however,thatthisratioistoogeneralanddoesnot[...]

ReadmoreNote(s):Mexico;2001to2022Source(s):IMF;WorldBankMarketshareofcash,creditcards,andotherpaymentmethodsatpointofsale(POS)inMexicofrom2017to2023,withaforecastfor2027Mostusedin-store(POS)paymentmethodsinMexico2017-2023,with2027forecast201776%10%8%3%-201971%14%13%2%-202045%23%17%4%202141%24%22%7%202239%25%24%10%2%202338%24%24%11%2%202734%22%24%17%2%CashDebitcardCreditcard(incl."chargecard"since2021)*E-wallet,Digital/mobilewalletPOSfinancing*4%-Prepaidcard2%--2%1%1%1%1%Retailer/bankfinancing(splitofffrom"POSfinancing"in2021)*--4%---BuyNow,PayLater(splitofffrom"POSfinancing"in2021)*----0%-------Chargecard*1%6%6Description:CashremainedMexico'smostusedpaymentmethodinPOSsinceCOVID-19,althoughitsmarketsharehaddecreasedseverely.Indeed,coinsandpapermoneymadeuproughlysevenoutof10transactionsinphysicalstoresinMexicoin2019,withthisfiguredeclinetoaboutfouroutof10in2021.Thisdeclineoccurredasconsumersshiftedmoretowardscardpayments-anddigitalpaymentsingeneral.ThisshiftisexemplifiedbythegrowingnumberoftransactionsoftheCoDiplatformin[...]

ReadmoreNote(s):Mexico;March2024;*Thesourcemadechangestoitscategoriesin2021,seethe"Details"tabformoreinformation.Source(s):GlobalData;IMF;McKinsey&Company;WorldBank;WorldpayPaymentsatpointsofsalebytypeinMexicoasofDecember2023PaymentsatpointsofsalebytypeinMexico2023Shareofrespondents0%10%20%30%40%50%60%70%71%CashDebitcard66%CreditcardMobiledevice(e.g.,smartphone,smartwatch)Prepaidcard/vouchers46%19%7%Check2%3%1%IhavenotpaidatanypointofsaleOther7Description:"Cash"and"Debitcard"arethetoptwoanswersamongMexicanconsumersinoursurveyonthesubjectof"Paymentsatpointsofsalebytype".ReadmoreNote(s):Mexico;JanuarytoDecember2023;2024respondents;18-64yearsSource(s):ConsumerInsightsMarketshareofcash,creditcards,andotherpaymentmethodsduringonlineshoppinginMexicofrom2016to2023,withaforecastfor2027Mostusede-commercepaymentmethodsinMexico2016-2023,with2027forecast201630%8%23%-201730%14%24%-201933%20%20%-202029%27%18%-202135%27%19%6%202233%27%22%5%202333%28%21%7%202728%37%18%6%Creditcard-incl."chargecard"since2021*E-wallet,Digital/mobilewalletDebitcardPostPayAccount-to-account(A2A)-incl."banktransfers"and"directdebit"since2022**-----6%6%8%Cashondelivery(CoD)Buynow,paylater(BNPL)Prepaidcard8%-6%-11%-8%-3%3%2%1%1%1%2%1%-1%1%14%15%-3%7%15%-1%9%5%-2%10%5%-------Banktransfer**Chargecard*8%---Directdebit**E-invoices----8Description:In2022,aboutathirdofonlinepurchasesmadeinMexicowerepaidforwithcreditorchargecards.E-walletsanddebitcardsfollowed,accountingfor27percentand19percentofe-commercepaymentsmadeintheNorthAmericancountry.Overall,ꢀe-commercesalesinMexicoareforecasttokeepgrowinginthenearfuture.ReadmoreNote(s):Mexico;March2024;Thesourcemademultiplechangestoitscategoriesovertime,seethe"Details"tabformoreinformation.;*In2022,thesourcestateditmergedthecategoriesof"creditcards"togetherwith"charge/deferreddebit[...]

ReadmoreSource(s):GlobalData;IMF;McKinsey&Company;WorldBank;WorldpayMostcommononlinepaymentsbytypeinMexicoasofDecember2023MostcommononlinepaymentsbytypeinMexico2023Shareofrespondents0%10%20%30%40%50%60%70%Debitcard65%Creditcard50%Onlinepaymentservices(e.g.,PayPal,AmazonPay)46%DirectdebitCashinadvance21%16%Prepaidcards/vouchersByinvoice12%9%Cashondelivery3%IhavenotconductedanypaymentsonlineOther6%2%9Description:"Debitcard"and"Creditcard"arethetoptwoanswersamongMexicanconsumersinoursurveyonthesubjectof"Mostcommononlinepaymentsbytype".ReadmoreNote(s):Mexico;JanuarytoDecember2023;2024respondents;18-64yearsSource(s):ConsumerInsightsCHAPTER

02PenetrationPenetrationrateofcreditcardsinMexicofrom2014to2029PenetrationrateofcreditcardsinMexico2014-20292017.831816141210814.4711.7411.6511.511.5811.611.5511.2511.3411.4211.1511.0310.8810.639.536420201420152016201720182019202020212022202320242025202620272028202911Description:ThecreditcardpenetrationinMexicowasforecasttoincreasebetween2024and2029byintotal0.1percentagepoints.Thisoverallincreasedoesnothappencontinuously,notablynotin2028and2029.Thecreditcardpenetrationisestimatedtoamountto11.55percentin2029.ReadmoreNote(s):Mexico;2014to2029;allvaluesareestimatesSource(s):PenetrationrateofdebitcardsinMexicofrom2014to2029PenetrationrateofdebitcardsinMexico2014-20293026.8226.0725.3424.6324.4324.3124.162425201510523.8323.6623.4923.3223.1522.9822.7922.60201420152016201720182019202020212022202320242025202620272028202912Description:ThedebitcardpenetrationinMexicowasforecasttocontinuouslydecreasebetween2024and2029byintotal0.9percentagepoints.Afterthefifteenthconsecutivedecreasingyear,thedebitcardpenetrationisestimatedtoreach22.6percentandthereforeanewminimumin2029.ReadmoreNote(s):Mexico;2014to2029;allvaluesareestimatesSource(s):MobilepaymentsusageperformedwithanymobiledeviceatPOSinMexicofrom2018to4thquarterof2023QuarterlyadoptionofmobilepaymentsatPOSinMexico2018-202320%18%16%14%12%10%8%6%4%2%0%2018

H12019

H22019

H12020

H22020

Q12021

Q22021

Q32021

Q42021

Q12022

Q22022

Q32022

Q42022

Q12023

Q22023

Q32023

Q4202313Description:Between2018and2023,theusageofmobilesatpointofsaleinMexicowitnessedanincreaseofsixpercentagepoints.In2018,theshareofrespondentsusingmobilepaymentsatPOSstoodat13percent,whichincreasedto19percentinthethirdquarterof2023.ꢀThisisaccordingtoaquestionaskedthroughoutmultiplesurveysfromStatista'sConsumerInsights.Thenumbersshownhererefertoarolling12-monthshareofrespondentswhoindicatedtheyusedamobilepaymentdevice-[...]

ReadmoreNote(s):Mexico;January2,2023,toDecember15,2023;12,000+percountry;18-64years;Residentialonlinepopulation;12-monthrollingaverageSource(s):ConsumerInsightsMobilepaymentsbysituationinMexicoin2022MobilepaymentsbysituationinMexico2022Shareofrespondents0%10%20%30%40%50%48%IwouldliketopaywithmysmartphoneallthetimeForfoodanddrinksinrestaurantsForeverydaypurchases(e.g.food)ForfoodanddrinksinbarsandcafésFormajorpurchases(e.g.washingmachine)Forminorpurchases(e.g.decorationitems)Fortravelbooking20%19%19%13%12%12%11%ForadmissionticketsForpublictransportationticketsIdon'twanttopaywithmysmartphoneatallOther8%6%2%Don'tknow4%14Description:Whenaskedabout"Mobilepaymentsbysituation",mostMexicanrespondentspick"Iwouldliketopaywithmysmartphoneallthetime"asananswer.48percentdidsoinouronlinesurveyin2022.ReadmoreNote(s):Mexico;fourwavesfrom10January2022to13December2022;2031respondents;18-64yearsSource(s):ConsumerInsightsCurrentandfutureimplementationofselecteddigitalpaymentsine-commerceinMexicoasofFebruary2022Paymenttypesacceptedbye-commercevendorsinMexicobetween2022and2024ShareofrespondentsCurrentlyaccepted(asofFebruary2022)0%

20%Plantoacceptwithintwoyears40%

60%Noplanstoacceptwithintwoyears80%

100%120%BanktransfersPayPal70%27%3%5%61%35%23%Creditcards70%7%10%ApplePay48%43%42%47%Giftcards11%11%Loyaltypoints,rewardsBuynow,paylater(BNPL)Cryptocurrency52%46%38%43%11%13%38%49%15Description:Predictionsarethatnineoutof10e-commercevendorsinMexicowillofferbuynow,paylaterontheirwebsitecome2024.Thisisaccordingtoasurveyheldinearly2022,askinge-commerceprofessionalsonwhichpaymentmethodtheyarealreadyofferingandwhichonestheyhopetoeitheraddornotaddinthefuture.NoticeableforMexicoistheshareofrespondentswhoindicatedtheyofferPayPalin2022.Cryptocurrencyalsofeaturesinthislist,butoneshouldtakenotethatthissurvey[...]

ReadmoreNote(s):Mexico;February2022;4,102respondents;18yearsandolder;third-partypanelistsworldwide;Commerceprofessionalsthatheldadirectororhigherleadershiprole;ProfessionalsfromB2B,B2C,andB2B2CcompaniesacrossNorthAmerica,LatinAmerica,AsiaPacific,Japan,andEuropeSource(s):SalesforceResearchCryptoAdoptionIndexrankingofMexicofrom2020to2023,bymetricAnnualcryptoadoptiondevelopmentinMexico2020-2023,bymetricRank

ofindividual

weighted

metrics

feeding

into

indexOverallranking(outof146countries)202039202144202228202316Overallindexscore(1=highest,0=lowest)0.14260.06230.32210.117On-chaincryptocurrencyvaluereceivedatcentralizedexchanges,rankingOn-chainretailvaluereceivedatcentralizedexchanges,ranking22212118Numberofon-chaindeposits,ranking10165n/a133n/an/a12223n/a30Peer-to-peer(P2P)exchangetradevolume,rankingOn-chaincryptocurrencyvaluereceivedfromDeFiprotocols,rankingn/a16On-chainretailvaluereceivedfromDeFiprotocols,rankingn/an/a191616Description:Mexicorankedinthetop20intheworldin2023intermsofcryptoadoptionbasedontransactionvolume.Thisisaccordingtoestimatesbasedonwebtraffictowardindividualwebsitesthatareusedtoperformcryptocurrencytransactions.NotableisthatMexicoslightlyprefersdecentralizedservices-suchasDecentralizedFinance(DeFi)overcentralizedservices.MexicansalsoincreasingusedcryptoforP2Pexchange,rankingatposition30outof146intheworld.

ReadmoreNote(s):Mexico;July2020toJune2023;Ranking(1=highest,146=lowest);Weightedbypurchasingpowerparity(Source(s):Chainalysis;percapitaDistributionofcross-bordervs.domestice-commerceinLatinAmericain2023,bycountryCross-bordervs.domestice-commerceinLatinAmericain2023,bycountryE-commercespendshareCross-borderDomestic60%0%20%40%74%73%73%80%100%120%ElSalvadorPeru26%27%27%GuatemalaBolivia67%64%33%36%PanamaEcuador56%56%49%44%44%51%DominicanRepublicCostaRicaUruguay41%59%ParaguayChile23%23%22%77%77%78%Mexico17Description:In2023,ElSalvadorwasthecountrywithhighestcross-bordere-commercespendinginLatinAmerica.Only26percentofthecountry'se-commercespendingaddresseddomesticonlineretailers.Argentinashowedtheoppositetrend,withcross-borderaccountingforjustthreepercentofthenationale-commerceexpenditure.ReadmoreNote(s):LAC;August2023;thesourcecombinedvarioussourcestogether.MissingcountriesareprobablybecausethesourcedidnotincludetheminitsresearchSource(s):PaymentsandCommerceMarketIntelligence(PCMI)ShareofdigitallyinitiatedremittancesinMexicofrom2ndquarter2016to3rdquarter2023,basedonremittanceinflowfromanyothercountryQuarterlymarketshareofincomingdigitalremittancesinMexico2016-2023TraditionallyinitiatedDigitallyinitiatedDigitalend-to-end120%100%80%60%40%20%0%Q2

Q3

Q4

Q1

Q2

Q3

Q4

Q1

Q2

Q3

Q4

Q1

Q2

Q3

Q4

Q1

Q2

Q3

Q4

Q1

Q2

Q3

Q4

Q1

Q2

Q3

Q4

Q1

Q2

Q320162016201620172017201720172018201820182018201920192019201920202020202020202021202120212021202220222022202220232023202318Description:DigitalremittancesthatdidnotinvolvecashineitherendoftheprocessmadeuponlythreepercentofallremittancestowardsMexico.Thisisaccordingtoacustom-madecalculationfrombasedonthenumberofreportedremittancechannelsgoingtowardsMexico.ThethreecountriesfromwhichMexicoreceivesthehighestvalueofremittancesincludetheU.S.,Canada,andSpain.Remittancesarearelativelyunchartedtopic,though.Whilefiguresexistonthetotaltraffic[...]ReadmoreNote(s):Mexico;September2023;Figuresarebasedontheremittancechannelsthatexistinaremittancesendingand/orreceivingcountry;Seethe"Details"tabformoreinformationonthecategorizationSource(s):WorldBank(RemittancePricesWorldwide)CHAPTER

03BiggestbrandsMarketshareofpaymentcardbrands-Visa,Mastercard,AmericanExpress,orin-marketlocalcardschemes-inMexicofrom2016to2022BiggestinternationalanddomesticpaymentcardschemesinMexico2016-2022VisaMastercardAmericanExpressCarnetOthersLocalcardschemes120%100%80%60%40%20%0%201620172018201920202021202220Description:VisaisthemostprominentbrandinonlineandofflinecardpaymentsinMexico,withamarketsharethatgrewslightlyin2021.Thisaccordingtoresearchheldovertheyearswithinthecountry.Thesourcedoesnotexplainsomeitschanges,suchastheexclusionofAmExin2019.Nevertheless,itobservesthatthecountrymainlyusesinternationalcardschemes.DebitcardsandcreditcardsbothsawtheirmarketshareinPOSpaymentsincreaseinMexico,althoughcashremainedthemost[...]

ReadmoreNote(s):Mexico;2016to2021;Basedontotaltransactionvalue,eitheronlineorofflineSource(s):GlobalData;PPRO;WorldpayMostusedmobilepaymentsbybrandinMexicoasofDecember2023MostusedmobilepaymentsbybrandinMexico2023Shareofrespondents0%10%20%30%40%50%60%70%PayPal64%MercadoPago55%BBVAWallet43%MiOxxo24%CoDiApplePayMastercardClicktoPay(Masterpass)SamsungPay19%16%15%8%8%SantanderSuperWalletClaroPay4%3%3%2%BanBajíoFitbitPayPagamobil21Description:WeaskedMexicanconsumersabout"Mostusedmobilepaymentsbybrand"andfoundthat"PayPal"takesthetopspot,while"Pademobile"isattheotherendoftheranking.ReadmoreNote(s):Mexico;JanuarytoDecember2023;382respondents;18-64years;respondentswhousedmobilepaymentinrestaurants,storesandotherpointsofsaleinthepast12months(Health,Finance,Insurance)Source(s):ConsumerInsightsMostusedonlinepaymentsbybrandinMexicoasofDecember2023MostusedonlinepaymentsbybrandinMexico2023Shareofrespondents0%10%20%30%40%50%60%70%80%90%100%PayPal84%MercadoPago62%GooglePay32%RappiPay13%12%12%ApplePayMastercardClicktoPay(Masterpass)ClipKueski9%9%Paynet4%3%3%MetaPay(Facebook)PayUOpenpay1%1%UnipagosOther5%22Description:WeaskedMexicanconsumersabout"Mostusedonlinepaymentsbybrand"andfoundthat"PayPal"takesthetopspot,while"Unipagos"isattheotherendoftheranking.ReadmoreNote(s):Mexico;JanuarytoDecember2023;941respondents;18-64years;respondentswhousedonlinepaymentmethods(Health,Finance,Insurance)Source(s):ConsumerInsightsBiggestbuynow,paylater(BNPL)appsinMexicofrom1stquarterof2015to4thquarterof2023,bynumberofdownloadsBiggestbuynow,paylater(BNPL)appsinMexico2015-2023,basedondownloadsKueskiPayPayPal*Nelo5,000,0004,500,0004,000,0003,500,0003,000,0002,500,0002,000,0001,500,0001,000,000500,000023Description:TheappofMexicancreditproviderKueskihadnearlytwiceasmanydownloadsinthecountryastheappfromPayPal.Thisisaccordingtoresearchintoapproximately150differentappsthateitherofferbuynow,paylaterdirectly,orarecloselyaffiliatedwithit.KueskiprovidesfinancialserviceswithinMexicoforconsumersthatareunabletogetloansatbanksandiswidelyseenasoneofthemainupcomingfintechinLatinAmerica.NelooffersBNPLservicesviaitsapp,incooperation[...]

ReadmoreNote(s):Mexico;March2024;Thisstatisticistheresultofresearchintoroughly150differentappsusedforBNPLacrosstheworld.Formoreinformation,seethe"Details"tab;Theappsondisplayheremadeup99.5percentofalldownloadsinQ42023Source(s):AppMagic;BuiltWith;BusinessWire;CBInsights;ecommerceDB.com;Fincog;PayU;SiftedBiggestwalletsforcryptocurrencystorageinMexicofrom1stquarterof2015to4thquarterof2023,bynumberofdownloadsBiggestcryptocurrencywalletsinMexico2015-2023,basedondownloadsBinanceBybitCoinbaseWalletSweatWalletCoinbaseKuCoinTrustMetaMaskExodusBitgeteToroBitcoinWalletOKXBitcoin&CryptoDeFiWalletB400,000350,000300,000250,000200,000150,000100,00050,000024Description:Binancedownloadsattheendof2023weresignificantlyhigherthanmostcryptowalletsinMexico,suchasSweatorTrust.Thisisaccordingtoanestimateusingroughly190differentappsthatofferacryptowalletfunctionfromacrosstheworld.Walletsarebutonetypeofappthatinteractwithdecentralizeddigitalassets,althoughitcanbedifficulttoseparatethedifferentapplicationsfromeachother.Cryptowalletsareoftenusedforcryptostorage,andlesssoforpayments.Payment[...]

ReadmoreNote(s):Mexico;March2024;Thisstatisticistheresultofresearchintoover190differentappsusedforBNPLacrosstheworld.Formoreinformation,seethe"Details"tab;The15appsondisplayheremadeup96.6percentofalldownloadsinQ4[...]

ReadmoreSource(s):AppMagic;CoinGecko;Website(CryptoSlate)BrandswiththehighestnumberofA2ApaymentstransactionspermonthinLatinAmericain2023(inmillions)BiggestA2ApaymentsbrandsinLatinAmericain2023,basedonnumberoftransactionsMonthlytransactioncountinmillions1,500

2,00005001,0002,5003,0003,500Pix(Brazil)Yape(Peru)3,238.79220PSE(Colombia)

51PLIN(Peru)

20MACH(Chile)CoDi(Mexico)25Description:ThenumberofmonthlytransactionsperformedwithBrazil'sPixweresignificantlyhigherthanotherA2ApaymentmethodselsewhereinLatinAmerica.TheBrazilianwallet-developedandmoderatedbythecountry'scentralbank,utilizingareal-timepaymentsrail-wasreleasedinlate2020,andsawitsnumberoftransactionsincreaseby300percentbetweenlaunchand20Note(s):Brazil,Chile,Colombia,Mexico,Peru,LAC;October2023;Thefiguresprovidedhavebeencollectedandcalculatedbyformoreinformation;NofigureswereavailableforArgentinaandEcuador.Source(s):CentralBankofBrazil;NationalWorksandPublicServicesBank(Mexico);VarioussourcesbelievedthatA2Apayments,oraccount-to-accountpayments-electronicpaymentsmadedirectlyfromone[...]

Readmorefromvariousdomesticsources.Allfigureswerereportedatvarioustimes,andmaynotbedirectlycomparable.Seethe“Details”tabBiggestbrandsforremittancesinMexicofrom1stquarter2011to3rdquarter2023,basedonremittanceinflowfromanyothercountryQuarterlymarketshareofincomingremittancebrandsinMexico2011-2023WesternUnionMoneyGramRiaWalmart2WorldWellsFargoViamericasDelgadoTravelRemitlyWiseXoomOther120%100%80%60%40%20%0%26Description:MoneyGramwasusedthemostforincomingremittancestoMexico,althoughitsmarketsharestayedrelativelyunchangedin2023.Thisisaccordingtoacustom-madecalculationfrombasedonthenumberofreportedremittancechannelsgoingtowardsMexico.ThethreecountriesfromwhichMexicoreceivedthehighestvalueofremittancesaretheU.S.,Canada,andSpain.Remittancesarearelativelyunchartedtopic,though.Whilefiguresexistonthetotaltrafficbetween[...]ReadmoreNote(s):Mexico;September2023;Figuresarebasedontheremittancechannelsthatexistinaremittancesendingand/orreceivingcountry.Source(s):WorldBank(RemittancePricesWorldwide)CHAPTER

04UsersTotalnumberofcreditcardsanddebitcardsincirculationinMexicofrom2012to2022AnnualcreditcardanddebitcardsissuedinMexico2012-2022CreditcardsDebitcards180,000,000160,000,000140,000,000120,000,000100,000,00080,000,00060,000,00040,000,00020,000,00002012201320142015201620172018201920202021202228Description:Mexicohasroughlyfivetimesmoredebitcardsincirculationthanithascreditcardsbytheendof2022.Thatsaid,thenumberofcreditcardsthatyeargrewwhereasthenumberofdebitcardsissueddeclined.ThenumberprovidedareestimatesastheMexicancentralbankdoesnotprovidemanyfiguresonpaymentcards.Forexample,itdoesnotlookatcardswithadelayeddebitfunction.Thismayindicatedifficultiestomapoutthemarket.ReadmoreNote(s):2012to2022;Nonumberswereprovidedfrombefore2012;Figureswerereleasedinearly2024,andhaveasignificantpublicationdelayduetodomesticdatacollectionandreporting.Source(s):BankforInternationalSettlements;CNBV;NationalWorksandPublicServicesBank(Mexico);ShareofindividualswhoownacreditcardinMexicoin2011,2014,2017withforecastsfor2021and2024,byage,gender,andincomelevelTriennialcreditcardpenetrationinMexico2011-2024,bydemographic201113%-201417.8%11.1%20179.5%-2021*9.4%-2024*7.7%-OwnershipUsedacreditcardGender:-Male17%21.6%14.3%11.4%7.9%10.1%9%7.3%8.4%-Female9.1%Agegroup:15-24years25yearsandolderIncomelevel:Poorest40%Richest60%12.6%13.1%14.9%18.9%10.2%9.2%9.8%9.2%8.6%7.3%-5.8%7.7%2.6%1.7%0.1%12.4%17.7%24.6%13.9%14.3%29Description:ThisstatisticpresentsatimelinewiththeshareofindividualswhoownedacreditcardinMexicobetween2011and2017.In2017,approximately9.52percentofMexicansownedacreditcard,downfromover17.82percentin2014.

ReadmoreNote(s):AugusttoNovember2021;approx.1,000percountry;15yearsandolder;Entirecivilian,noninstitutionalizedpopulation;*Thedatafor2021and2024areforecastscalculatedbyThefiguresshownarefromaglobalsurveyheldevery3years.Datafor2021-themostrecentyearavailable-wasreleasedinJune2022.Source(s):Gallup;WorldBankShareofindividualswhoownadebitcardinMexicoin2011,2014,2017withforecastsfor2021and2024,byage,gender,andincomelevelTriennialdebitcardpenetrationinMexico2011-2024,bydemographic201122.3%-201426.8%19%201724.6%13.3%2021*27.3%-2024*28.5%-OwnershipUsedadebitcardGender:-Male28.2%16.6%28.4%25.3%29.1%20.7%29.6%25.7%30%27.7%-FemaleAgegroup:15-24years25yearsandolderIncomelevel:Poorest40%Richest60%22.8%22.1%21.4%28.8%20.1%26.2%18.2%30.4%16.8%32.5%-10.4%30.1%14%15.6%30.4%19.3%32.3%21.9%32.4%35.4%30Description:Accordingtoathree-yearsurvey,oneoutoffourMexicansownedadebitcardin2017butonly13percentusedone.Whiletherewasresearchfor2021-whichwasreleasedinmid-2022-Mexicoisoneofthefewcountriesthatdidnotreceivenewfigures,hencewhydataonlygoesupto2017.Thedifferencebetweenownershipandusagewasroughly11percentagepointsin2017,anincreasewhencomparedto2017.Thereportaddsthatm

remorelikelythanwomentoownsucha[...]

ReadmoreNote(s):AugusttoNovember2021;approx.1,000percountry;15yearsandolder;Entirecivilian,noninstitutionalizedpopulation;*Thedatafor2021and2024areforecastscalculatedby

Thefiguresshownarefromaglobalsurveyheldevery3years.Datafor2021-themostrecentyearavailable-wasreleasedinJune2022.Source(s):Gallup;

WorldBankLeadingcountriesintheworldwiththehighestnumberofbuynow,paylater(BNPL)usersasof2022(inmillions)Top10countriesworldwidebasedonnumberofbuynow,paylater(BNPL)users2022NumberofBNPLusersinmillions30

40

500102060708090ChinaUnitedStatesBrazil78.564.739.8India26.2UnitedKingdomJapan1918.1Mexico14.8GermanySouthKoreaFrance11.68.68.631Description:Chinahadroughly14millionmorebuynow,paylaterusersin2022thantheUnitedStates,andnearly40millionusersmorethanBrazil.ThisisaccordingtoamodelthattriedtoestimatethenumberofBNPLandflexiblecreditusersacrossmultiplecountriesintheworld.Whilstitmaynotbesurprisingthatsomeoftheworld'smostpopulouscountri