Mexico Real-Time Payment Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Mexico Real-Time Payment Market is segmented By Type of Payment (P2P and P2B).

Mexico Real-Time Payment Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Mexico Real-Time Payment Market Size

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mexico real time payments market Size
Study Period 2019 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Historical Data Period 2019 - 2023
CAGR 8.60 %
Market Concentration Low

Major Players

mexico real time payments market Key players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Mexico Real Time Payments Market with other markets in Technology, Media and Telecom Industry

Automation

Digital Commerce

Electronics

Information Technology

Media and Entertainment

Security & Surveillance

Mexico Real-Time Payment Market Analysis

The Mexico Real Time Payments Market is expected to register a CAGR of 8.6% during the forecast period.

  • Mexico introduced the Sistema de Pagos Electrónicos Interbancarios (SPEI) system in 2004 and adopted real-time payments early on. Despite the early start, the adoption of real-time payments has grown slower due to the large population without national bank accounts and lack of awareness of electronic payments. However, with the release of Cobro Digital (CoDi) in September 2019, the use of real-time payments has expanded to low-value, recurring payments, and the growth of real-time payments has gained some traction in recent years through QR code and NFC technology.
  • The credit card market in Mexico has grown in terms of the number of cards in circulation and transaction value and quantity, supported by high consumer spending. To cater to the high-potential credit card market, digital-only card issuers have entered the space.
  • Mexico's government focuses on financial inclusion by undertaking three social benefits programs: Oportunidades, Programa para Adultos Mayores and Procampo, disbursing benefits through bank accounts and cards. In addition, alternative payments, including PayPal, MercadoPago, DineroMail, and SafetyPay, are all used extensively for online shopping. The availability of digital wallet services, and the security and convenience they provide, have made them popular among consumers.
  • The growth of e-commerce is expected to create opportunities in Mexico. For instance, According to WorldPay, the e-commerce revenue was estimated at USD 32 billion in 2021. E-commerce revenue generated from mobile devices is anticipated to increase significantly by 2022. The growing penetration of smartphones would further augment the market's growth.
  • Many Mexicans are buying online owing to the COVID-19 outbreak. According to the general director of the Mexican Association of Online Sales, the pandemic has served as a kind of a turning point for e-commerce in the country. According to Latin American e-commerce giant Mercado Libre, between March 12 and 19, online sales of household items such as cleaning detergents skyrocketed 400%, and pharmaceutical items jumped 114%.

Mexico Real-Time Payment Industry Overview

With consumer preferences changing rapidly, the market has become a lucrative option and thus, has attracted a huge amount of investments. Due to the huge growth potential, the market is moving towards fragmentation due to the new entrants. The service providers are engaging in partnerships to promote product innovation.

  • June 2022 - PredictSpring, a market player in omnichannel commerce and modern POS technology, raised USD 16 million in Series B funding, taking its total funding to date to USD 32 million. The company aims to use the new funding to accelerate the growth of its omnichannel business and grow its R&D and go-to-market teams.
  • February 2022 - UK FinTech Transact365 launched its payments platform in Latin America. This move allows for cross-border and local eCommerce transactions using local payment methods like PIX and Boleto, letting consumers make online transactions and giving merchants access to them. Transact365's Latin American payment network includes Mexico, Brazil, Colombia, among others.

Mexico Real-Time Payment Market Leaders

  1. ACI Worldwide, Inc

  2. Mastercard, Inc

  3. PayPal Holdings, Inc

  4. Visa Inc

  5. Fiserve

  6. *Disclaimer: Major Players sorted in no particular order
ACI Worldwide, Inc, Mastercard, Inc, PayPal Holdings, Inc, Visa Inc, Fiserve
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Mexico Real-Time Payment Market News

  • November 2021 - Mastercard collaborated with Jeeves, a business banking company that has worked with numerous Mexican businesses, to help alleviate credit access problems in Mexico. The company aims to help deal with the burgeoning FinTech ecosystem in the region with this partnership.
  • November 2021 - Mastercard acquired Arcus FI, an alum of the company's Start Path program, to help support the delivery of bill pay solutions and other real-time payment applications across Latin America. Arcus helps to enable bill pay and cash-in, cash-out services for billers, retailers, fintechs, and traditional financial institutions in the U.S. and Mexico, with expansion into Latin America. Its flagship solution, the Arcus Pay Network, has access to some of the largest retailers and direct connection with many of the largest billers in Mexico.

Mexico Real-Time Payment Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions and Market Definition
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET INSIGHTS

  • 4.1 Market Overview
  • 4.2 Industry Attractiveness - Porter's Five Forces Analysis
    • 4.2.1 Bargaining Power of Suppliers
    • 4.2.2 Bargaining Power of Consumers
    • 4.2.3 Threat of New Entrants
    • 4.2.4 Threat of Substitute Products
    • 4.2.5 Intensity of Competitive Rivalry
  • 4.3 Evolution of the payments landscape in the country
  • 4.4 Key market trends pertaining to the growth of cashless transaction in the country
  • 4.5 Assessment of COVID-19 Impact on the Market

5. MARKET DYNAMICS

  • 5.1 Market Drivers
    • 5.1.1 High Proliferation of Smartphones and Digital Initiatives
    • 5.1.2 Favorable Changes in Regulatory Frameworks In the Country
  • 5.2 Market Restraints
    • 5.2.1 Operational Challenges Involving Cross-border Payments
  • 5.3 Market Opportunities
    • 5.3.1 Government Policies Encouraging the Growth of Digital Paymentis expected to aid the growth of Real Time Payment methods amongst commoners

6. MARKET SEGMENTATION

  • 6.1 By Type of Payment
    • 6.1.1 P2P
    • 6.1.2 P2B

7. COMPETITIVE LANDSCAPE

  • 7.1 Company Profiles*
    • 7.1.1 ACI Worldwide, Inc
    • 7.1.2 Finastra
    • 7.1.3 Fiserv, Inc.
    • 7.1.4 Mastercard, Inc
    • 7.1.5 PayPal Holdings, Inc
    • 7.1.6 Visa Inc
    • 7.1.7 Temenos AG
    • 7.1.8 Volante Technologies, In
    • 7.1.9 EziPay
    • 7.1.10 QFPay
    • 7.1.11 Azimo
    • 7.1.12 Fanuc

8. INVESTMENT ANALYSIS

9. FUTURE OUTLOOK OF THE MARKET

List of companies may vary based on market dynamics
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Mexico Real-Time Payment Industry Segmentation

Real-time payments or RTP are payments that are begun and settled nearly immediately. It is the digital infrastructure that facilitates real-time payments. Ideally, real-time payment networks provide 24x7x365 access, which means they are always online to process transfers at any given day or time.

The Mexico Real Time Payments Market is segmented By Type of payment (P2P and P2B).

By Type of Payment P2P
P2B
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Mexico Real-Time Payment Market Research FAQs

What is the current Mexico Real Time Payments Market size?

The Mexico Real Time Payments Market is projected to register a CAGR of 8.6% during the forecast period (2025-2030)

Who are the key players in Mexico Real Time Payments Market?

ACI Worldwide, Inc, Mastercard, Inc, PayPal Holdings, Inc, Visa Inc and Fiserve are the major companies operating in the Mexico Real Time Payments Market.

What years does this Mexico Real Time Payments Market cover?

The report covers the Mexico Real Time Payments Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Mexico Real Time Payments Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Mexico Real-Time Payment Industry Report

Statistics for the 2025 Mexico Real Time Payments market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Mexico Real Time Payments analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.