| Product Code: ETC278463 | Publication Date: Aug 2022 | Updated Date: Aug 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The mobile wallet market in Mexico is growing rapidly as consumers increasingly use mobile phones for payments and financial transactions. Mobile wallets offer convenience, security, and integration with various services, driving adoption among tech-savvy users and merchants.
The Mobile Wallet Market is driven by the convenience of digital payments and the growing acceptance of contactless payment methods. The push towards a cashless economy and advancements in mobile payment technologies fuel this market.
Challenges in the mobile wallet market in Mexico include building trust and adoption among consumers, interoperability among different mobile payment systems, and addressing security vulnerabilities in mobile payment transactions.
Government policies in Mexico for the mobile wallet market aim to promote financial inclusion, digital payments, and consumer protection. Initiatives include regulations for mobile payment platforms, guidelines for transaction security, and support for interoperability among mobile wallet providers.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Mexico Mobile Wallet Market Overview |
3.1 Mexico Country Macro Economic Indicators |
3.2 Mexico Mobile Wallet Market Revenues & Volume, 2021 & 2031F |
3.3 Mexico Mobile Wallet Market - Industry Life Cycle |
3.4 Mexico Mobile Wallet Market - Porter's Five Forces |
3.5 Mexico Mobile Wallet Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Mexico Mobile Wallet Market Revenues & Volume Share, By Technology, 2021 & 2031F |
3.7 Mexico Mobile Wallet Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.8 Mexico Mobile Wallet Market Revenues & Volume Share, By End User, 2021 & 2031F |
4 Mexico Mobile Wallet Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing smartphone penetration in Mexico |
4.2.2 Growing adoption of digital payment solutions |
4.2.3 Government initiatives to promote cashless transactions |
4.3 Market Restraints |
4.3.1 Lack of awareness and trust in mobile wallet services |
4.3.2 Limited merchant acceptance of mobile payments |
4.3.3 Security and privacy concerns among consumers |
5 Mexico Mobile Wallet Market Trends |
6 Mexico Mobile Wallet Market, By Types |
6.1 Mexico Mobile Wallet Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Mexico Mobile Wallet Market Revenues & Volume, By Type, 2021-2031F |
6.1.3 Mexico Mobile Wallet Market Revenues & Volume, By Proximity, 2021-2031F |
6.1.4 Mexico Mobile Wallet Market Revenues & Volume, By Remote, 2021-2031F |
6.2 Mexico Mobile Wallet Market, By Technology |
6.2.1 Overview and Analysis |
6.2.2 Mexico Mobile Wallet Market Revenues & Volume, By Near Field Communication, 2021-2031F |
6.2.3 Mexico Mobile Wallet Market Revenues & Volume, By Qr Code, 2021-2031F |
6.2.4 Mexico Mobile Wallet Market Revenues & Volume, By Text Based/short Message Service, 2021-2031F |
6.2.5 Mexico Mobile Wallet Market Revenues & Volume, By Digital Only, 2021-2031F |
6.3 Mexico Mobile Wallet Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Mexico Mobile Wallet Market Revenues & Volume, By Hospitality & Transportation, 2021-2031F |
6.3.3 Mexico Mobile Wallet Market Revenues & Volume, By Media & Entertainment, 2021-2031F |
6.3.4 Mexico Mobile Wallet Market Revenues & Volume, By Retail, 2021-2031F |
6.3.5 Mexico Mobile Wallet Market Revenues & Volume, By Healthcare, 2021-2031F |
6.3.6 Mexico Mobile Wallet Market Revenues & Volume, By Energy & Utilities, 2021-2031F |
6.3.7 Mexico Mobile Wallet Market Revenues & Volume, By Telecommunication, 2021-2031F |
6.4 Mexico Mobile Wallet Market, By End User |
6.4.1 Overview and Analysis |
6.4.2 Mexico Mobile Wallet Market Revenues & Volume, By Personal, 2021-2031F |
6.4.3 Mexico Mobile Wallet Market Revenues & Volume, By Business, 2021-2031F |
7 Mexico Mobile Wallet Market Import-Export Trade Statistics |
7.1 Mexico Mobile Wallet Market Export to Major Countries |
7.2 Mexico Mobile Wallet Market Imports from Major Countries |
8 Mexico Mobile Wallet Market Key Performance Indicators |
8.1 Average transaction value per user |
8.2 Number of active mobile wallet users |
8.3 Frequency of mobile wallet usage |
8.4 Growth in the number of merchants accepting mobile payments |
8.5 Mobile wallet transaction success rate |
9 Mexico Mobile Wallet Market - Opportunity Assessment |
9.1 Mexico Mobile Wallet Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Mexico Mobile Wallet Market Opportunity Assessment, By Technology, 2021 & 2031F |
9.3 Mexico Mobile Wallet Market Opportunity Assessment, By Application, 2021 & 2031F |
9.4 Mexico Mobile Wallet Market Opportunity Assessment, By End User, 2021 & 2031F |
10 Mexico Mobile Wallet Market - Competitive Landscape |
10.1 Mexico Mobile Wallet Market Revenue Share, By Companies, 2024 |
10.2 Mexico Mobile Wallet Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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