Mexico | In 2023-2Q, 99% of adults in municipalities with access point (credit/capture)

Summary

In December 2023, the CNBV presented the latest update of its quarterly database on Financial Inclusion for 2023-2Q (financial services of banking and Popular Savings and Credit Entities). This note describes some results and compares them with the information before the pandemic.

Key points

• Key points:
• From the fourth quarter of 2019 to the second quarter of 2023, accounts linked to a cell phone grew by 96.4% (from 41.2 million to 81.0 million).
• In 2023-2Q, 84.2% of Mexico's municipalities had coverage by at least one branch, ATM or correspondent.
• From 2020 to 2023-2Q, average quarterly transactions at POS terminals were 256.6 million, exceeding ATM transactions by 80.6 million on a quarterly average.
• From 2019-4Q to 2023-2Q, deposit account contracts grew by 16.8% (from 104.9 million to 122.5 million).

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