The Cards and Payments Industry in Mexico: Emerging Trends and Opportunities to 2019

Published: Sep, 2015 | Pages: 70 | Publisher: Timetric
Industry: Financial Services | Report Format: Electronic (PDF)

Synopsis
Timetric's 'The Cards and Payments Industry in Mexico: Emerging Trends and Opportunities to 2019' report provides detailed analysis of market trends in Mexico's cards and payments industry. It provides values and volumes for a number of key performance indicators in the industry, including check payments, credit transfers, direct debits, payment cards and cash transactions during the review period (2010-2014).

The report also analyzes various payment card markets operating in the industry and provides detailed information on the number of cards in circulation, and transaction values and volumes during the review period and over the forecast period (2015-2019). It also offers information on the country's competitive landscape, including market shares of issuers and schemes.

The report brings together Timetric's research, modeling, and analysis expertise to allow banks and card issuers to identify segment dynamics and competitive advantages. The report also covers detailed regulatory policies, recent changes in regulatory structure and profiles of card issuers operating in the country.
Summary
Timetric's 'The Cards and Payments Industry in Mexico: Emerging Trends and Opportunities to 2019' report provides top-level market analysis, information and insights into Mexico's cards and payments industry, including:

Current and forecast values for each market in Mexico's cards and payments industry, including debit cards, credit and charge cards. It also includes detailed analysis of the prepaid card market.

Detailed insights into payment instruments including check payments, credit transfers, direct debits, payment cards and cash transactions. It also, includes an overview of the country's key alternative payment instruments.

Analysis of various market drivers and regulations governing Mexico's cards and payments industry.

Detailed analysis of strategies adopted by banks and other institutions to market debit, credit and charge cards.

Comprehensive analysis of consumer attitudes and buying preferences for cards.

The competitive landscape of Mexico's cards and payments industry.
Scope
This report provides a comprehensive analysis of Mexico's cards and payments industry.

It provides current values for Mexico's cards and payments industry for 2014, and forecast figures to 2019.

It details the different economic, infrastructural and business drivers affecting Mexico's cards and payments industry.

It outlines the current regulatory framework in the industry.

It details marketing strategies used by various banks and other institutions.

It profiles major banks in Mexico's cards and payments industry.
Reasons To Buy
Make strategic business decisions, using top-level historic and forecast market data, related to Mexico's cards and payments industry and each market within it.

Understand the key market trends and growth opportunities in Mexico's cards and payments industry.

Assess the competitive dynamics in Mexico's cards and payments industry.

Gain insights into marketing strategies used for various card types in Mexico.

Gain insights into key regulations governing Mexico's cards and payments industry.
Key Highlights
Banks are actively rolling out mobile point of sale POS (mPOS) solutions in the Mexican cards and payments industry. In July 2013, Banamex launched an EMV compliant mPOS called S-Pay, developed by Stratus Technologies. Banamex is offering iAcepta, low-cost mPOS terminals to retailers for US$33.6 (MXN500). As of February 2015, the bank had sold 8,000 units.

In November 2014, the Mexican tax authority Sistema de Administracion Tributaria (SAT/Tax Administration System) and the National Chambers of Commerce, Services and Tourism (Confederacion de Camaras Nacionales de Comercio, Servicios y Turismo) launched a scheme called 'Tableta Concanaco' to provide micro-enterprises and SMEs with mPOS terminals at subsidized rates. As of February 2015, 20,000 mPOS terminals were issued under the scheme. With the increased number of POS terminal installations at retail outlets, the potential of card-based payments in the country is anticipated to grow over the forecast period (2015-2019).

To further enhance financial inclusion in Mexico, the government development bank Bansefi chose MasterCard as its business partner in September 2014. Under the agreement, social benefits are disbursed using the BANSEFI MaS debit card. Cardholders are offered loans, savings and accident insurance and funeral assistance coverage. This initiative is anticipated to drive debit card penetration rates.

 Table of Contents
1 Definitions and Methodology
1.1 Definitions
1.2 Methodology
2 Key Facts and Events
3 Executive Summary
4 Payment Instruments
4.1 Current Payment Environment
4.2 Alternative Payment Instruments
4.2.1 PayPal
4.2.2 MercadoPago
4.2.3 DineroMail
4.2.4 SafetyPay
4.2.5 Ukash
4.2.6 Paysafecard
5 Regulations in the Cards and Payments Industry
5.1 Regulatory Framework
5.1.1 Regulation regarding interchange fees at POS transactions
5.1.2 Law on the Transparency and Order of Financial Services
5.2 Anti-Money Laundering (AML)
5.3 Foreign Direct Investment (FDI) Regulations
6 Analysis of Cards and Payments Industry Drivers
6.1 Demographic Drivers
6.2 Economic Drivers
6.3 Infrastructure Drivers
6.4 Business Drivers
7 Market Segmentation and New Product Launches
7.1 Market Segmentation and Targeting
7.1.1 Consumer cards
7.1.2 Commercial cards
7.2 New Product Launches
8 Payment Cards
8.1 Payment Card Market Analysis
8.1.1 Volume and value of payment card transactions by type
8.1.2 Personal vs commercial cards
9 Debit Cards
9.1 Debit Card Market Analysis
9.1.1 Debit card transaction volumes and values by channel
9.1.2 Debit card scheme and issuer shares in terms of transaction values
10 Credit Cards
10.1 Credit Card Market Analysis
10.1.1 Credit card transaction volumes and values by channel
10.1.2 Credit card scheme and issuer shares in terms of transaction values
11 Charge Cards
11.1 Charge Card Market Analysis
11.1.1 Charge card transaction volumes and values by channel
11.1.2 Charge card scheme shares in terms of transaction values
12 Commercial Cards
12.1 Commercial Card Market Analysis
13 Card Issuers
13.1 BBVA Bancomer
13.2 Banamex
13.3 Banorte
13.4 Banco Santander Mexico
13.5 HSBC Mexico
13.6 American Express
14 Prepaid Cards
14.1 Prepaid Card Market Analysis
15 Merchant Acquiring
15.1 Merchant Acquiring Market Analysis
16 Appendix
16.1 Tables
16.2 Contact Timetric
16.3 About Timetric
16.4 Timetric's Services
16.5 Disclaimer

List of Tables
Table 1: Key Definitions
Table 2: Annual Average Exchange Rate
Table 3: Mexico - Key Facts, 2014
Table 4: Regional Benchmarking of Mexican Payment Cards, 2014
Table 5: Mexico - Mode of Entry of Foreign Banks
Table 6: Cards for High-Income Consumers, 2015
Table 7: Cards for Travelers, 2015
Table 8: Cards for Shoppers, 2015
Table 9: Cards for Students and the Youth Population, 2015
Table 10: Commercial Cards Comparison and Key Features, 2015
Table 11: Mexico - New Product Launches
Table 12: Financial Inclusion in Mexico, 2011-2014
Table 13: Mexico - Pay Now, Average Interchange Fees: Intra-Network Transactions (%), 2010-2014
Table 14: Mexico - Pay Now, Average Merchant Service Charge: Domestic Transactions (%), 2010-2019
Table 15: Mexico - Pay Later, Average Interchange Fees: Intra-Network Transactions (%), 2010-2014
Table 16: Mexico - Pay Later, Average Merchant Service Charge: Domestic Transactions (%), 2010-2019
Table 17: Mexico - Payment Instrument Transaction Values (MXN Billion), 2010-2014
Table 18: Mexico - Payment Instrument Transaction Values (US$ Billion), 2010-2014
Table 19: Mexico - Payment Instrument Transaction Volumes (Million), 2010-2014
Table 20: Mexico - Number of Payment Cards in Circulation by Type (Million), 2010-2019
Table 21: Mexico - Volume of Payment Card Transactions by Type (Million), 2010-2019
Table 22: Mexico - Value of Payment Card Transactions by Type (MXN Billion), 2010-2019
Table 23: Mexico - Value of Payment Card Transactions by Type (US$ Billion), 2010-2019
Table 24: Mexico - Personal and Commercial Card Transaction Volumes ( Million), 2010-2019
Table 25: Mexico - Personal and Commercial Card Transaction Values (MXN Billion), 2010-2019
Table 26: Mexico - Personal and Commercial Card Transaction Values (US$ Billion), 2010-2019
Table 27: Mexico - Number of Debit Cards in Circulation (Million), 2010-2019
Table 28: Mexico - Debit Card Transaction Volumes and Frequency by Channel, 2010-2019
Table 29: Mexico - Debit Card Total and Average Transaction Values by Channel, 2010-2019
Table 30: Mexico - Debit Card Total and Average Transaction Values by Channel, 2010-2019
Table 31: Mexico - Number of Debit Cards in Circulation by Scheme (Million), 2010-2014
Table 32: Mexico - Debit Card Transaction Values by Scheme (MXN Billion), 2010-2014
Table 33: Mexico - Debit Card Transaction Values by Scheme (US$ Billion), 2010-2014
Table 34: Mexico - Debit Card Transaction Values by Issuer (MXN Billion), 2010-2014
Table 35: Mexico - Debit Card Transaction Values by Issuer (US$ Billion), 2010-2014
Table 36: Mexico - Number of Credit Cards in Circulation (Million), 2010-2019
Table 37: Mexico - Credit Card Transaction Volumes and Frequency by Channel, 2010-2019
Table 38: Mexico - Credit Card Total and Average Transaction Values by Channel, 2010-2019
Table 39: Mexico - Credit Card Total and Average Transaction Values by Channel, 2010-2019
Table 40: Mexico - Number of Credit Cards in Circulation by Scheme (Million), 2010-2014
Table 41: Mexico - Credit Card Transaction Values by Scheme (MXN Billion), 2010-2014
Table 42: Mexico - Credit Card Transaction Values by Scheme (US$ Billion), 2010-2014
Table 43: Mexico - Pay Later Card Transaction Values by Issuer (MXN Billion), 2010-2014
Table 44: Mexico - Pay Later Card Transaction Values by Issuer (US$ Million), 2010-2014
Table 45: Mexico - Credit Card Balances Outstanding by Issuer (MXN Billion), 2010-2014
Table 46: Mexico - Credit Card Balances Outstanding by Issuer (US$ Billion), 2010-2014
Table 47: Mexico - Number of Charge Cards in Circulation (Million), 2010-2019
Table 48: Mexico - Charge Card Transaction Volumes and Frequency by Channel, 2010-2019
Table 49: Mexico - Charge Card Total and Average Transaction Values by Channel, 2010-2019
Table 50: Mexico - Charge Card Total and Average Transaction Values by Channel, 2010-2019
Table 51: Mexico - Number of Charge Cards in Circulation by Scheme (Thousand), 2010-2014
Table 52: Mexico - Charge Card Transaction Values by Scheme (MXN Billion), 2010-2014
Table 53: Mexico - Charge Card Transaction Values by Scheme (US$ Billion), 2010-2014
Table 54: Mexico - Number of Commercial Cards in Circulation (Thousand), 2010-2019
Table 55: Mexico - Commercial Card Transaction Values (MXN Billion), 2010-2019
Table 56: Mexico - Commercial Card Transaction Values (US$ Billion), 2010-2019
Table 57: Mexico - Number of Prepaid Cards in Circulation (Million), 2010-2019
Table 58: Mexico - Prepaid Card Transaction Values (MXN Billion), 2010-2019
Table 59: Mexico - Prepaid Card Transaction Values (US$ Billion), 2010-2019
Table 60: Mexico - Merchant Acquiring Transaction Volume by Card Type (Million), 2010-2019
Table 61: Mexico - Merchant Acquiring Transaction Value by Card Type (MXN Billion), 2010-2019
Table 62: Mexico - Merchant Acquiring Transaction Value by Card Type (US$ Billion), 2010-2019
Table 63: Mexico - Acquirers' Transaction Volume (Million), 2010-2014
Table 64: Mexico - Acquirers' Transaction Value (MXN Billion), 2010-2014
Table 65: Mexico - Acquirers' Transaction Value (US$ Billion), 2010-2014
Table 66: Mexico - Retail Outlets and Total Merchant Accounts (Thousand), 2010-2019