Mobile Money in Mexico

In February 2012 I wrote a Mobile Money Brief on Mexico for the Clarion MMT Gateway.

One reason why M-Pesa succeeded so strongly in Kenya is there was a need for it. Mexico is one of the other such countries where mobile has the highest promise for promoting financial inclusion.

In this, the second most populated country in Latin America, mobile penetration is 85% as against a banked rate of just over 25%. So it is interesting to track the progress of mobile as it transforms financial services through a totally different model to M-Pesa.

Some of my key observations are:

  • Mobiles and shared agent networks could help Mexico overcome scarcity of ATM and POS
  • How long before we see the results from the new regulations?
  • Prepaid card based services – will they multiply value in the pocket?

The full report is available at the Clarion site, See  Mobile Money in Mexico.

This entry was posted in Digital Money, Mobile Banking, Mobile Money, Prepaid Card, The Americas by Charmaine Oak. Bookmark the permalink.

About Charmaine Oak

Charmaine Oak is the practice lead for Digital Money at Shift Thought. She has over 27 years of experience of creating and delivering solutions to market. Her skills and experience are at the intersection of mobile, banking and payments. She brings a unique perspective, having contributed to significant ventures at leading global companies: Western Union - one of the world’s largest financial brands, France Telecom/Orange – a leading mobile operator, Royal Bank of Scotland – a leading bank, LogicaCMG – the Pioneer in SMS and Wipro – one of the world's largest IT service providers.

Leave a comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.