Overview

Macro trends in Mexico are driving gradual shifts in the way business‑to‑business (B2B) payments are made. Slow economic growth means that many companies must navigate relationships from weaker financial positions. The result is that they must find ways to be more efficient and keep a more watchful eye on their cash flow.

At the same time, broader changes in consumer behavior are beginning to filter into the business space. As card payments increase among consumers in Mexico, some segments of the B2B market are following suit, pushing card payments beyond their traditional use cases of travel and purchasing.

Tight Economic Conditions Are Impacting Business Relationships In Mexico.

The economic uncertainty of the past few years means that, for many businesses in Mexico, cash flow optimization has gone from an important consideration to a crucial part of staying in business.

The LATAM region in general was experiencing what a Mercator Advisory Group (now Javelin Strategy & Research) report described as “tepid economic growth” before 2020, with conditions worsening with ...Read more