Mexico
Mexico’s payment landscape in 2026 reflects a shift toward cashless maturity, with alternative payment methods leading digital commerce. Local e-wallets and voucher-based payments account for 94% of transaction volume, highlighting continued preference beyond traditional credit and debit cards. For global merchants, integrating solutions like Mercado Pago and OXXO Pay is key to reaching consumers and unlocking growth in a mobile-first, financially evolving market.
*Data is for Codapay in the period of 1st Oct 2024 - 30th Sep 2025
Impact figures
82%
Android users
18%
iOS users
14.2%
Credit & Debit Card ownership
5.2B
App downloads in 2025
1.4B
App revenue (USD) in 2025
Insights
Digital wallets
Mexico's highly Android-dominant market limits Apple Pay's effectiveness for enabling online payments.
Cards
Credit & Debit cards have low penetration in-market, reducing the effectiveness of this channel and likely overlapping significantly with the Apple user population.
Coda as your Merchant of Record
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Related payment methods
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