Mexico fintech sector to boom as the economy struggles

Subject

Mexican fintech growth.

Significance

Mexico’s fintech ecosystem is expanding rapidly despite the problems of slow growth and investor uncertainty weighing on the overall economy. Mexico is now Latin America’s leading fintech nation, its regulatory framework receiving international praise.

Impacts

• Fintech firms will play an increasingly important role in the government’s financial inclusion efforts.
• The fintech sector will create thousands of quality jobs and contribute to growing entrepreneurship in Mexico.
• The innovation-driven sector will give young people and women increasing possibilities of holding high-level executive positions.