Mexico | Perspectives for financial inclusion and education in 2020

Summary

Regarding the National Financial Education Week, we recover the main advances, setbacks and changes that Mexico has had in financial inclusion and education. We present the most notable aspects of the National Policy for Financial Inclusion 2020, along with the latest figures of the country in financial inclusion.

Key points

• Key points:
• According to the CNBV, at the end of 2019 at least one bank branch was registered in 51% of the country's municipalities, where 92% of the national population is located.
• In 2019 there was a significant gender gap in mortgage loans in favor of men by 24.8 percentage points.
• The new National Policy for Financial Inclusion (PNIF) 2020 focuses on influencing the “financial health” of the Mexican population and, with it, contributing to the reduction of poverty and inequality.
• It is estimated that the fulfillment of the goals of the PNIF will increase 7.7 million people with at least one financial product by 2024.
• By 2024, the PNIF has the goal of reaching the current average levels of financial literacy of the G20.

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