After several years of adjustments, of application of new technologies, regulation and implementation of new ways of transaction, today the Mexican payment system is at a key moment where everything indicates that it has finally been achieved that operates in an orderly manner and also is in the process of accelerated modernization.
Mauricio Schwartzmann, general director of Mastercard Mexicohe explained that after many years, the Contactless payments in Mexico are already more than 20 percent In the country, when two years ago, they were barely 4 percent of all the payments that were made, so there is an important acceleration.
That has allowed us to pay easier to pay and sure, because You no longer have to insert the card, or put the Nipwhat places Mexico as an advanced country with this technology, but it is still necessary that use grows, although with the fact that public transport systems in Mexico City such as the Metro and Metrobus accept this form of payment, a much more significant change will soon be seen.
Also in Mexico there is a solution called Click to Paywhich is a payment button, which applies to any trade or any card in Mexico and already in 2024 they had More than 3 million transactionsso the country is the global leader of the adoption of this technology.
-“Mexico is the global leader in the adoption of technology of Click to Paywhich is a payment button for electronic commerce. It is not the United Kingdom, it is not the United States, it is not India, it is Mexico. So when you think about how we are having acceptance in use cases such as transportation, in gasoline, in small stores, contactless payments, tap on phone, click to pay, is a great moment that we are living in Mexico. ”
Therefore, Mastercard who is one of the largest payment processors in the world, is clear that their growth goals in the country will continue to be double digit every year, and have the objective that by 2028 they are consolidated in the payment system.
So they have several strategies, one of them is financial inclusion, so that digital payments are accelerated by card or without card, and it can also be through paid as Speiand for this it is necessary that more people be included in the digital economy and for that the work of the entire industry, banks, Fintech, in addition to the government, is required so that more people have the option of making such payments.
The second is that thinking about microeconomics, More people are needed with financial servicesbut also greater acceptance and that there are more terminals and aggregators which will also contribute to the payment ecosystem, the use of cash is reduced and with it the formal economy is strengthened.
