Market Research Report US Mexico Remittance Corridor,Number of Debit Card | Page 2

Domestic remittance market will
continue to see an upward trend due to greater financial
inclusion across the country. Greater number of services being
available online and having an option of digital payment will
increase the usage financial service providers. Also, the
declining unbanked population, government support,
increasing mode of digital payment methods will drive the
remittance market in the country. Mexico government has been
amplifying its efforts which are likely to bring in another 29
million adults with access to accounts and other financial
services. The country is also looking to opening up legal and
regulatory framework around financial services which is likely
to impact another 35 million adults currently operating outside
of Mexico’s formal financial system. This will give opportunity
to the domestic as well as international expatriates to transfer
the money in parts of the country with ease.
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