Mexico Cards and Payments Market Historical Trends and Analysis to 2022Posted by miky santhosh on May 21st, 2018 Overview The cards and payments market in Mexico is being aided by the expansion of the contactless payment segment which is in turn being driven by the increasing penetration of NFC and POS infrastructure development. The use of conventional terminals for payments is being replaced by POS terminals which are being distributed by banks which are offering advanced technologies such as wireless technology, multiple applications, multiple card support, high security standards such as high encryption standards. Various organizations are focusing on the capitalization of this opportunity by launching smart chip equipped cards. Uni Santander-K and B-Smart cards are two such examples launched by Santander and Citigroup respectively. Further, the majority of banks in Mexico are offering cards compliant with EMV technology for providing secured card transactions. Basic, Platinum, and Classic credit cards are being offered by BanRegio, and are equipped with and EMV chip technology. To know more read: https://www.marketdataforecast.com/market-reports/Mexico-Cards-and-Payments-Market-6945/ Like it? Share it! More by this author |