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Mexico is a market where cash still dominates, but digital payment methods are gaining traction, with a strong focus on mobile wallets and card-based transactions. Mexico’s payment system is characterized by a significant reliance on cash, especially in smaller businesses and across less developed regions. However, digitalization is accelerating, with increasing adoption of credit and debit cards, mobile payment platforms, online banking, and electronic transfers.

Population

Estimated Population

128.9 million

Currency

Currency

Mexican peso (MXN)



Popular payment methods