Financial transformation through Fintech in Mexico

In the year 2024, Fintech in Mexico have experienced significant growth and have established themselves as important players in the country's financial sector, these platforms to carry out financial transactions, manage their personal finances and access alternative banking services; Fintech have expanded their service offering beyond digital payments and transfers, now offering products such as loans, insurance, investments and financial advice, covering a wide range of users' financial needs. This research aims to provide a general overview of the use of Fintech currently in Mexico, as well as regulation, financing, strategies, transformation, and statistical data. The methodology used in the research is mixed because it takes up characteristics of quantitative studies, through data obtained from different and qualitative sources in accordance with the research to be carried out rationally in data theory. Greater investment and financing since Fintech in Mexico has attracted significant investments from both national and foreign capital, this has allowed Fintech companies to expand, improve their technologies and offer better services to their users. It is important to recognize that Fintech in Mexico in 2024 is at a point of maturity and growth, offering a wide variety of digital financial services and contributing to financial inclusion and the modernization of the sector in the country

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Publication Details

Journal
Revista de Desarrollo Económico
Published
2024-12-28
DOI
https://doi.org/10.35429/jed.2024.11.31.1.7
Primary Topic
FinTech, Crowdfunding, Digital Finance
Type
article
Field-Weighted Citation Impact
0.00
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article

Financial transformation through Fintech in Mexico

Nancy Elizabeth Pérez-Castañeda, Erika Peña-Alvarado, Samuel Medina-Mora, Pilar Patricia Jiménez-Lozano
Revista de Desarrollo Económico
FinTech, Crowdfunding, Digital Finance
article

Financial transformation through Fintech in Mexico

Nancy Elizabeth Pérez-Castañeda, Erika Peña-Alvarado, Samuel Medina-Mora, Pilar Patricia Jiménez-Lozano
article en

Abstract

In the year 2024, Fintech in Mexico have experienced significant growth and have established themselves as important players in the country's financial sector, these platforms to carry out financial transactions, manage their personal finances and access alternative banking services; Fintech have expanded their service offering beyond digital payments and transfers, now offering products such as loans, insurance, investments and financial advice, covering a wide range of users' financial needs. This research aims to provide a general overview of the use of Fintech currently in Mexico, as well as regulation, financing, strategies, transformation, and statistical data. The methodology used in the research is mixed because it takes up characteristics of quantitative studies, through data obtained from different and qualitative sources in accordance with the research to be carried out rationally in data theory. Greater investment and financing since Fintech in Mexico has attracted significant investments from both national and foreign capital, this has allowed Fintech companies to expand, improve their technologies and offer better services to their users. It is important to recognize that Fintech in Mexico in 2024 is at a point of maturity and growth, offering a wide variety of digital financial services and contributing to financial inclusion and the modernization of the sector in the country

Revista de Desarrollo EconómicoVol. 11(31)
Polytechnic University of the Valley of Mexico (MX)
Openalex Percentile: Top 62%
FinTech, Crowdfunding, Digital Finance
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