Annual debit card spending in Mexico 2012-2022, in local currency and USD
reaching a market share below cash for POS. The same applied to e-commerce, with both credit cards, as well as mobile wallets, being more popular choices for online shopping than debit cards.
Debit card transactions in Mexico in 2021 were worth nearly two trillion Mexican pesos, the highest value recorded since 2014. This meant a continued growth of the digital payment method in Latin American. Debit cards are not the most popular means of payment in Mexico,