Mexico news and trends

Trump’s Trade War Shocks Markets And Back Offices
Connected Economy // February 03, 2025

The everyday goods of life increasingly come from everywhere. Tomatoes are shipped in from Canada, avocados and beer from Mexico, and cheap electronics and apparel from China. And that’s just across grocery and retail. To make it all work, 365 days a year, the global...

Wise Launches In Mexico to Tap $28 Billion Remittance Market
International // January 30, 2025

Cross-border payments provider Wise is continuing its Latin American expansion by launching in Mexico. The London-based company announced in a news release Thursday (Jan. 30) that users will now be able to send money from Mexico to more than 160 countries in upwards of 40 currencies. It also allows...

TransUnion Expands in Mexico With $560 Million Buro de Crédito Deal
Acquisitions // January 16, 2025

TransUnion plans to purchase Mexico’s biggest credit bureau’s consumer credit business for $560 million. The deal, announced Thursday (Jan. 16), makes it the majority owner of Trans Union de Mexico, an arm of the country’s Buró de Crédito. “Our expansion in Mexico continues our commitment to making trust possible...

Bank of America’s Take on Latin America’s Digital Payments Advantage
Digital Payments // January 13, 2025

Digital payments are growing in Latin America as companies like Mercado Libre and TerraPay rapidly advance digital banking and digital wallets in the region. Central bank instant payments mandates and modernized infrastructure in Brazil have also moved the needle to the point where the region...

Interviews & Exclusives
Bank of America’s Take on Latin America’s Digital Payments Advantage

January 13, 2025
Digital payments are growing in Latin America as companies like Mercado Libre and TerraPay rapidly advance digital banking and digital wallets in the region. Central bank instant payments mandates and modernized infrastructure in Brazil have also moved the needle to the point where the region is arguably moving faster toward digital transformation than anywhere else […]

92% of Small Businesses in Latin America Accept Digital Payments

October 03, 2024
As the digital payments landscape in Latin America rapidly evolves with nearly 600 million people generating close to $6 trillion in GDP, consumers are shifting away from cash and embracing...

Mexican Consumers Seek More Payments Choice and Product Details

June 03, 2024
Consumers around the world want to access specific digital features when shopping, whether they are perusing aisle 3 or clicking from their couch at home. PYMNTS Intelligence recently investigated this...

What Are Merchants in Mexico Doing to Boost In-Store Sales?

May 20, 2024
Across Mexico, more consumers are turning to digital shopping features that offer savings and improve convenience while shopping in the store. Consumers enjoy walking into brick-and-mortar locations, but they also...

Quick Reads
Wise Launches In Mexico to Tap $28 Billion Remittance Market

January 30, 2025
Cross-border payments provider Wise is continuing its Latin American expansion by launching in Mexico. The London-based company announced in a news release Thursday (Jan. 30) that users will now be able to send money from Mexico to more than 160 countries in upwards of 40 currencies. It also allows Mexican nationals who live in the U.S. to send money […]

TransUnion Expands in Mexico With $560 Million Buro de Crédito Deal

January 16, 2025
TransUnion plans to purchase Mexico’s biggest credit bureau’s consumer credit business for $560 million. The deal, announced Thursday (Jan. 16), makes it the majority owner of Trans Union de Mexico, an arm of...

Report: HSBC to Scale Back Retail Banking in Mexico, Malaysia and Indonesia

December 13, 2024
HSBC is reportedly considering scaling back its retail banking operations in Mexico, Malaysia, Indonesia and some other countries. The bank is considering focusing only on wealthier clients in these markets...

MercadoLibre and Nubank Get More Aggressive in LatAm Digital Banking Race

December 10, 2024
Who will become Latin America’s dominant digital banking force, MercadoLibre or Nubank? It’s a question posed Tuesday (Dec. 10) in a report by Bloomberg News, which noted that MercadoLibre —...