According to the latest Finnovista report, Mexico currently has 773 active fintech companies, representing a 19% increase compared to the previous year. This growth has had a significant impact on transaction volumes. Digital payments, for example, have become one of the most important services, accounting for an estimated 25% of the country’s fintech market.
In this context, the fintech ecosystem in Mexico not only offers benefits and new alternatives for clients and end users—estimated at 4.5 million registered people—but also contributes positively to the labor market. The sector has driven the creation of around 3,600 jobs.
On the other hand, the Fintech Ecosystem Maturity Index in Mexico (INFIN) has reached only 48%, meaning it is still in a development stage [4]. A positive factor, however, is the legal framework: since 2018, Mexico has had a so-called Fintech Law, which has been periodically updated. This regulation has helped boost the sector by defining five models: a Regulatory Sandbox, allowing entities to test innovative models and regulate them accordingly; virtual assets such as cryptocurrencies; Standardized Information Applications, or APIs; crowdfunding institutions; and electronic payment funds institutions.
This framework has played a key role in the sector’s recent expansion, with a 19% growth rate in the number of licenses granted to fintech companies last year. In this regard, the National Banking and Securities Commission (CNBV) has implemented regulations focused on the activities of these companies, with the goal of creating a favorable environment for both entrepreneurs and users.
“Mexico is a country with a huge market and great potential for maturity. We are still in a relatively early stage: innovation from entrepreneurs and customer trust have been key to the fintech sector’s rapid development. We work closely with many of these companies, we believe in them, in building alliances, and in providing reliable, robust business solutions that enrich the market.”
Iván Baquero
Country Manager, Evertec Mexico
Evertec will participate in the FinTech México Festival 2025, to be held on February 27, 2025, in Mexico City. This event will bring together more than 2,500 experts and leaders from the global fintech industry, providing a platform for exchanging ideas and showcasing new financial technologies and services.
“We are very excited to see what changes lie ahead—not only in the immediate future but in the long term. Meeting and building strategies alongside cutting-edge companies allows us to anticipate and address new needs and challenges for the benefit of people and financial security.”
Iván Baquero
Country Manager, Evertec Mexico
