The Cards and Payments Industry in Mexico: Emerging trends and opportunities to 2020|Key Players- BBVA Bancomer, BanCoppel, Citibanamex, Banorte, Banco Santander, Inbursa, Visa, Mastercard, Carnet, etc

Publisher's "The Cards and Payments Industry in Mexico: Emerging trends and opportunities to 2020" report provides detailed analysis of market trends in the Mexican cards and payments industry. It provides values and volumes for a number of key performance indicators in the industry, including credit transfers, cheques, direct debits, payment cards and cash during the review period (2012-2016).

Top Key Players:

BBVA Bancomer, BanCoppel, Citibanamex, Banorte, Banco Santander, Inbursa, Visa, Mastercard, Carnet, American Express.

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Cards and Payments Industry in Mexico Market research report is being presented with a motive to enrich readers by offering an extensive and explicit analysis of Cards and Payments Industry in Mexico industry. The report covers each characteristic of the Cards and Payments Industry in Mexico industry including market growth.

The report provides top-level market analysis, information and insights into the Mexican cards and payments industry, including -

- Current and forecast values for each market in the Mexican cards and payments industry, including debit, credit and charge cards.

- Detailed insights into payment instruments including credit transfers, cheques, cash, direct debits, and payment cards. It also, includes an overview of the country's key alternative payment instruments.

- E-commerce market analysis and payment methods.

- Analysis of various market drivers and regulations governing the Mexican cards and payments industry.

- Detailed analysis of strategies adopted by banks and other institutions to market debit, credit and charge cards.

Reasons to buy

- Make strategic business decisions, using top-level historic and forecast market data, related to the Mexican cards and payments industry and each market within it.

- Understand the key market trends and growth opportunities in the Mexican cards and payments industry.

- Assess the competitive dynamics in the Mexican cards and payments industry.

- Gain insights into marketing strategies used for various card types in Mexico.

- Gain insights into key regulations governing the Mexican cards and payments industry.

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Scope

- To combat fraudulent payment activities in Mexico, banks and scheme providers are taking a number of measures, with one example being Mastercard's introduction of the Identity Check Mobile solution in November 2016. The solution allows card holders to verify online payment by scanning their fingerprint or taking a selfie. Unlike existing identity verification methods - which take shoppers away from a merchant's website or mobile app and often require them to remember and enter a password - Mastercard Identity Check Mobile verifies the user via technologies such as biometrics and one-time passwords. Earlier in January 2015, Oberthur Technologies (OT) partnered with PROSA, a provider of payment processing services, to launch OT Motion Code technology. With Motion Code, the card's CVV code is replaced with a mini-screen on which the CVV code changes automatically at regular intervals, making it impossible for fraudsters to misuse.

- The uptake of alternative payments is gradually increasing in Mexico, with banks and payment solutions providers launching products and services in the market. In partnership with Mastercard, Banamex launched its digital wallet, Banamex Wallet, in February 2016. The Android-compatible mobile app can be used to make contactless m-payments, which are authorized by a four-digit PIN. Users can add all Mastercard-branded credit cards to the wallet. Earlier in June 2014, BBVA Bancomer launched its mobile wallet BBVA Wallet in Mexico. The wallet allows secure NFC payments at merchant locations that accept contactless payments. Available on phones with Android 4.4 and above, other phones can use it through NFC stickers.

- To further enhance financial inclusion, Mexico joined the UN-based Better Than Cash Alliance in June 2016. The move comes after the government introduced a national policy on financial inclusion to promote the use of electronic payments across the country and reduce the dependence on cash. With 86% of the 124.6 million population owning mobile phones, Better Than Cash Alliance aims to harness the popularity of mobile phones for digital payments. Earlier in February 2016, PROSA partnered with digital solutions provider Gemalto to offer m-payment services to its partner banks, which include 95% of credit, debit, and prepaid card issuers in the country. Gemalto's Trusted Service Hub enables banks to offer their own mobile wallets using host card emulation technology, while PROSA is responsible for mobile wallet development, card holder identification and verification, card digitization, and security.

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Posted by on Monday January 14 2019, 1:32 PM EDT. All trademarks acknowledged. Filed under Business, Business & Financial Services, Business Services, Featured Press Release. Comments and Trackbacks closed. Follow responses: RSS 2.0

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