05 — Ciudad de México, México.

TGNA Foresight Score: 74 · ▲ Ascending

Signs:

Mexico hosts one of the largest fintech ecosystems in Latin America, with over 770 local fintech companies and more than 200 foreign players operating in the market in 2024. The sector has grown nearly 19% since 2022 and in total, the ecosystem approaches 1,000 fintech companies nationwide, positioning Mexico as the second-largest fintech hub in Latin America.

Events:

Fintech expansion in Mexico continues to be reinforced by both private sector growth and regulatory development. The CNBV has authorized more than 80 fintech institutions under the Fintech Law. At the same time, both domestic and international players are scaling operations in Mexico, with companies expanding digital banking, payments, and credit solutions.

Trends:

Mobile-first banking continues expanding across underbanked populations, while embedded finance is increasingly integrated into retail, e-commerce, and SME platforms. Financial access is no longer driven by traditional banking expansion, but by digital infrastructure scaling across everyday transactions.

Drivers:

Mexico City combines demographic scale and a rapidly evolving financial regulatory framework. Positioned within the USMCA corridor, it operates as a financial infrastructure hub capable of serving a 600 million consumer market across North America and Latin America.

Federico Quinzaños

Founder The Grand North America