In 2024, pre-paid cards in Mexico is set to experience a strong positive performance, largely thanks to government initiatives. Transportation pre-paid cards have in a presidential election year been a way to keep citizens in favour of a certain political party. Thus, in this year the government of ...
In Mexico, 2023 was a year in which debit cards saw an increase in the number of debit cards in circulation, and double-digit growth in volume and current value transactions, and this is set to continue in 2024, driven by the dynamism of the category and a stable economy. A low unemployment rate in ...
Charge cards, predominantly represented by American Express, is set to maintain a favourable performance in Mexico in 2024, evident across both commercial and personal charge cards, due to a healthy economy. With low unemployment rates and an increase in the minimum wage, Mexicans find in charge car...
2023 and 2024 have seen greater economic stability in Mexico, driven by low unemployment rates and a favourable exchange rate against the US dollar, which has represented an opportunity for department stores to capitalise on customers willing to spend more. An example is El Palacio de Hierro, a luxu...
During 2024, the economic outlook in Mexico has been impacted by inflationary and political factors, while the low unemployment rate, higher salaries, and the active performance of the banking sector have attracted a greater number of customers, moving towards the goal of financial inclusion. The em...
Consumer credit is anticipated to maintain its upward trajectory in 2024, with the expectation of solid value growth in both gross lending and the outstanding balance in a favourable macroeconomic environment. Mexico is a highly attractive country for the entry of fintech companies. This is first, d...
While the unemployment rate is low in Mexico, and 2024 has begun to see a favourable exchange rate against the US dollar, many Mexicans are concerned about the state of the economy. Inflation rates have declined from the heights of 2022, but they remain high by recent historical standards, while the...
Writing instruments in Mexico is expected to see a strong slowdown in growth in retail current value terms in 2024. This is mainly due to a high base, as the period 2021-2023 saw strong growth rates as sales rebounded after the negative impact of the pandemic, and as children returned to in-person e...
Jewellery is expected to see low retail volume growth and healthier retail current value growth in Mexico in 2024. Although accounting for lower sales, fine jewellery is set to see a better performance than costume jewellery, with retail current value growth set to be in line with 2023, when fine je...
Although overall personal accessories in Mexico is expected to show low growth in retail volume terms and solid growth in retail current value terms in 2024, these growth rates are set to be lower than in the last couple of years. Performances are also anticipated to be polarised depending on the ca...