Challenges of fintech in Mexico 2023

Published by Statista Research Department, Apr 17, 2024

Fintechs in Mexico identified three major challenges for their businesses in 2023. Despite the dropping investment value in recent years, access to financing was only perceived as the second-biggest challenge. A much more prominent obstacle was scaling up operations and internationalizing, which was identified as the main obstacle by over 55 percent of the fintechs. 

Main challenges in the fintech industry in Mexico in 2023

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Release date

February 2024

Region

Mexico

Survey time period

2023

Number of respondents

380 respondents

Supplementary notes

Figures refer to local fintech companies. The source defines fintech as a startup offering financial solutions with the capability of offering a 100 percent digital customer journey. 

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Statistics on " Fintech in Mexico "

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Overview

7

Fintech ecosystem

6

Investment landscape

4

Digital banks

6

Digital payments

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Cryptocurrency

4

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Topics

Fintech in MexicoFintech in Latin AmericaE-commerce in MexicoInternet usage in MexicoStartups in Latin America
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