The Credit Card market in Mexico reached USD 21.074 million in 2019Q3 (417.000 million Pesos, +5.5% annual change) and will reach USD 23.800 million by the end of 2022 according to the most likely projected scenario* growing at a CAGR of 2.4% during 2011-2022f.
In Mexico there are 28.2 million credit cards in circulation (2019Q3) granted by 17 different issuing banks, which represents a penetration rate of 29% among the country´s 94.5 million adult population.
BBVA, BANAMEX, SANTANDER, BANORTE and HSBC are the largest card issuers, accounting for 83.4% on the credit card loan portfolio volume.
Mexico: TOP 10 Credit Card Issuers (Banks) by credit outstandings (2019Q3)
Mexico Credit Card Outstandings, Annual performance, USD millions
Mexico Credit Card Outstandings, Annual change in market share, (Banks)