{"id":5224,"date":"2017-06-30T14:34:17","date_gmt":"2017-06-30T14:34:17","guid":{"rendered":"https:\/\/insights.invyo.io\/latam\/?p=5224"},"modified":"2017-06-30T14:34:17","modified_gmt":"2017-06-30T14:34:17","slug":"key-figures-regarding-fintech-in-mexico","status":"publish","type":"post","link":"https:\/\/insights.invyo.io\/latam\/fintech-latam\/key-figures-regarding-fintech-in-mexico\/","title":{"rendered":"Key figures regarding Fintech in Mexico"},"content":{"rendered":"

Mexico is set to position itself as the capital of Fintech in Latin America.\u00a0More and more Fintech start-ups are being created in Mexico to promote financial inclusion and bring new solutions to pay, transfer, manage or access capital.\u00a0<\/strong><\/p>\n

To give you a better understanding of the market size, Techfoliance LATAM is showcasing key figures that you must know regarding Fintech in Mexico:<\/p>\n

Key FinTech Figures Mexico<\/h3>\n

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According to EY Fintech Adoption Index 2017<\/strong><\/a>, Mexico is the 7th country<\/strong> worldwide with the highest adoption rate in Fintech estimated at 36%<\/strong>, and is 2nd in LATAM behind Brazil (40%<\/strong>).<\/p>\n

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According to Finnovista<\/strong><\/a>,\u00a0the biggest Fintech segments in Mexico are: Payments & Remittances (30%<\/strong>), Lending (22%<\/strong>), Enterprise Financial Management (13%<\/strong>), Crowdfunding (10%<\/strong>) and PFM (9%<\/strong>).<\/p>\n

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The potential savings for Mexico if fraud<\/strong> in the banking system is stabilized to acceptable levels would save around 3% of GDP.<\/strong><\/a><\/p>\n

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In 2014, the e-commerce market was valued at a record high of 162,100 million pesos.<\/strong><\/a><\/p>\n

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In 2016 alone, more than 80 million pesos<\/strong><\/a> were invested in Fintech start-ups and the amount is expected to double in 2017.<\/p>\n

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According to the Mexican Fintech Association, <\/em>there were\u00a0<\/i>160\u00a0<\/i>Fintech<\/strong><\/a> companies in 2016 in Mexico and the number should increase to 200<\/strong> by the end of 2017.<\/p>\n

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Feel free to add more figures related to the Mexican Fintech Landscape in the comments below!<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Mexico is set to position itself as the capital of Fintech in Latin America.\u00a0More and more Fintech start-ups are being created in Mexico to promote financial inclusion and bring new solutions to pay, transfer, manage or access capital.\u00a0 To give you a better understanding of the market size, Techfoliance LATAM is showcasing key figures that […]<\/p>\n","protected":false},"author":2,"featured_media":5227,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[6,20],"tags":[1572,266,376,394,511,540,1571,553,1570,1573,617,743,1569,807,822,899,927,1038,1075,1103,1500,1399],"yoast_head":"\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\n\n\t\n\t\n\t\n