{"id":14875,"date":"2026-02-03T14:10:32","date_gmt":"2026-02-03T13:10:32","guid":{"rendered":"https:\/\/paynopain.com\/?p=14875"},"modified":"2026-02-03T14:10:51","modified_gmt":"2026-02-03T13:10:51","slug":"payment-methods-mexico-2025-trends-and-consumer-habits","status":"publish","type":"post","link":"https:\/\/paynopain.com\/en\/blog\/payment-methods-mexico-2025-trends-and-consumer-habits\/","title":{"rendered":"Payment methods in Mexico in 2025: trends and consumer habits"},"content":{"rendered":"

Starting a business is never easy, and even less so growing it. Adapting to the particularities of each country, local legislation, consumer habits, and the local currency are just some of the key elements to provide an efficient payment experience.<\/span><\/p>\n

If you want to start selling in Mexico and want to know the particularities of this country, you are in the right place. In this article, we will analyze the trends in <\/span>payment methods in Mexico<\/b>, the most popular payment systems among consumers, and the peculiarities of the local market.<\/span><\/p>\n

<\/span>The evolution of payment methods in Mexico<\/b><\/span><\/h2>\n

In recent years, Mexico, along with other LATAM countries, has experienced a significant transformation in the way payments are made. Although cash continues to play a fundamental role, digital payment methods have been gaining ground thanks to multiple factors: growth of ecommerce, expansion of fintechs, and adoption of more secure, innovative, and accessible technologies.<\/span><\/p>\n

This evolution is not only changing customer consumption habits, but also how merchants adapt to offer a better payment experience.<\/span><\/p>\n

Cash dominates low-value purchases<\/b><\/h3>\n

As we mentioned, despite the growth of digital payments, cash remains the preferred payment method. 85% of users report using it for purchases under 500 Mexican pesos (approximately \u20ac25) according to the <\/span>2025 National Financial Inclusion Survey<\/b><\/a> (ENIF). This is because a large portion of the Mexican population still does not have access to banking services or prefers to avoid using cards.<\/span><\/p>\n

Unbanked population<\/b><\/h3>\n

According to the aforementioned ENIF, 76.5% of the population aged 18 to 70 had at least one financial product (savings account, credit, insurance, or retirement fund) in 2024. This means that around <\/span>23.5%<\/b> of adult Mexicans <\/span>are still unbanked<\/b>.<\/span><\/p>\n

Groups with the lowest financial inclusion include those who speak an indigenous language and those living in towns with fewer than 15,000 inhabitants.<\/span><\/p>\n

Growth of wallets<\/b><\/h3>\n

Digital wallets such as Mercado Pago, PayPal, Apple Pay, and Google Pay are gaining prominence in Mexico. According to a study by the <\/span>Inter-American Development Bank (IDB)<\/b><\/a>, digital wallet adoption was around 11% of consumers in 2024 and is expected to continue increasing in the coming years.<\/span><\/p>\n

Preference for contactless payments<\/b><\/h3>\n

Contactless<\/b> payments<\/span><\/a> are increasing in Mexico, especially in urban areas and cities with high business density. The use of contactless cards and payments via smartphones and smartwatches has grown in popularity due to speed and security.<\/span><\/p>\n

Recent studies show that over 20% of card payments in major Mexican cities are contactless, and this figure continues to rise, driven by financial education, trust in technology, and commerce digitalization.<\/span><\/p>\n

Ecommerce expansion<\/b><\/h3>\n

Mexico is the second-largest ecommerce market in LATAM, after Brazil. According to data from the Mexican Online Sales Association (AMVO) and Statista, ecommerce sales volume in Mexico reached <\/span>approximately $31.7 billion in 2024<\/b>, with an annual growth of <\/span>18%<\/b>, mainly driven by the digitalization of small and medium businesses and widespread adoption of electronic payments.<\/span><\/p>\n

The versatility of cards<\/b><\/h3>\n

Credit and debit cards continue to be one of the most used payment methods in Mexico, both in physical stores and online, thanks to their widespread acceptance and versatility:<\/span><\/p>\n