Market Research Report US Mexico Remittance Corridor,Number of Debit Card

Growth in Inbound and Domestic Remittance and Bill
Payment in Mexico Led by Surging Migration and Declining
Unbanked Population: Ken Research
 Rising banking population in the country will create growth
opportunities for all type of remittance and bill payment
companies.
 The digital payment modes especially mobile wallets and mobile
money transfer will drive Mexico remittance & bill payment
market.
 The increasing number of Mexican immigrants in the US &
internal migration coupled with government support will increase
the market size of the Remittance Industry.
 Growing use of smart phones, expansion of services by money
transfer companies will attribute in the increasing Market size.
The Mexico is anticipated to grow at a sound rate in short
owing to the impact of the US President Donald Trump.
Migrant workers in the US are sending much larger amounts
back home due to fear and uncertainty about their jobs and
future in the country. This will surely drive up the international
remittance market size in the short run. The remittance market
of Mexico will be majorly driven by the US economy. The US is
the major contributor in the overall transaction volume of the
industry.