Mexican Peso

Mexico's central-bank interbank electronic payment system enabling real-time bank transfers, used at checkout and for P2P. Operator: Banco de Mexico. Est. users: ~75% of adults transacted (2025); 5.34bn transactions (2024).

Mexican commerce platform whose Mi Clip wallet lets consumers pay merchants online and in store. Operator: PayClip S. de R.L. de C.V.. Est. users: >10,000 users; large merchant network + Mi Clip wallet (2026).

Mexico's leading buy-now-pay-later provider, offered at online and in-store checkout. Operator: Kueski Inc. / Kueski S.A.P.I. de C.V.. Est. users: Market-leading BNPL; ~16m loans issued (2025).

Mexican digital wallet and prepaid debit card backed by OXXO's store network, used for online and in-store payments and transfers. Operator: Spin by OXXO (FEMSA / Coca-Cola FEMSA). Est. users: ~10-13 million users (2024-2025).

Argentine fintech offering a prepaid Mastercard and wallet used for online and in-store payments, also operating in Mexico and Colombia. Operator: Uala (Wanap S.A. / ANG Servicios Financieros). Est. users: Argentina's 3rd-most-used wallet (~20% share, 2025); millions of users.

Banxico's QR-based collection scheme layered on SPEI for instant, fee-free consumer payments. Operator: Banco de Mexico. Est. users: Several million validated accounts; 17m+ transactions (2024).

Nubank's checkout payment method letting its large customer base pay merchants directly from their Nu account, often in installments. Operator: Nu Pagamentos S.A. (Nubank). Est. users: ~135 million Nubank customers across markets (2025).

Voucher-based method where consumers pay for online purchases in cash at OXXO convenience stores using a reference code. Operator: Cadena Comercial OXXO S.A. de C.V. (FEMSA). Est. users: Tens of millions; ~21,000+ stores nationwide (2025).

MercadoLibre's pan-Latin-American digital wallet and payment account supporting online checkout, QR payments and money transfers. Operator: Mercado Libre (DeRemate.com de Mexico / MercadoLibre S.R.L.). Est. users: ~78 million monthly active users (Q4 2025).

BBVA is Spain's second-largest bank with a major presence in Mexico, South America, Turkey, and the USA. It is known for its digital banking leadership.

Nubank is Brazil's leading neobank and the world's largest fintech by customers (over 100 million). It offers credit cards, digital accounts, personal loans, and investment products.

BBVA México (Bancomer) is Mexico's largest bank by assets and customer count, offering retail, SME, and corporate banking across the country.

Scotiabank is Canada's most international bank with major operations in Latin America, the Caribbean, and Asia.

Banorte (Grupo Financiero Banorte) is Mexico's largest domestically-owned bank, offering full-service retail, SME, government, and corporate banking.

Santander México is the Mexican subsidiary of Banco Santander, offering retail, SME, and corporate banking.

Citibanamex (Banco Nacional de México) is one of Mexico's oldest and largest banks, a Citigroup subsidiary, offering retail and corporate banking.

HSBC México is the Mexican subsidiary of HSBC Group, offering retail and corporate banking with a focus on trade finance and international business.

Scotiabank México is the Mexican arm of the Canadian Scotiabank, offering retail, SME, and corporate banking.

Inbursa (Grupo Financiero Inbursa) is a Mexican financial group controlled by billionaire Carlos Slim, offering banking, insurance, and investment services.

BanBajío (Banco del Bajío) is a Mexican regional bank focused on agribusiness and SME lending, primarily in the Bajío region of central Mexico.

Banregio is a Mexican commercial bank focused on SME banking, headquartered in Monterrey.

Nacional Financiera (NAFIN) is Mexico's development bank, channelling resources to SMEs and productive investment through commercial banks.

Aggregate of all remaining banks in Mexico, collectively ~3.7% of domestic banking assets.