Canadian fintech companies currently have a strong window of opportunity in the Mexican market. This opportunity is a result of factors such as:
- rapid sector growth
- a large underbanked population
- supportive regulation (Mexico was the first country in Latin America with a comprehensive fintech law, encouraging innovation and foreign participation)
Mexico is currently Latin America’s second-largest fintech ecosystem, growing at roughly 20% annually. It isexpected to reach over 86 million digital financial users by the end of 2027. This creates opportunities in areas aligned with Canadian strengths, including:
- payments
- credit
- infrastructure
- enterprise fintech
The Canadian Technology Accelerators (CTA) global business development program will give you the knowledge and connections you need to explore and access the Mexican market.