Credit Card Market in Mexico - Overview 2019 Q3


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 scenariogrowing 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: TOP 10 Credit Card Issuers (Banks) by credit outstandings (2019Q3)

Mexico Credit Card Outstandings, Annual performance, USD millions

Mexico Credit Card Outstandings, Annual performance, USD millions 

Mexico Credit Card Outstandings, Annual change in market share, (Banks)

Mexico Credit Card Outstandings, Annual change in market share, (Banks) 

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