In 2024, Mexican fintechs faced four primary challenges in their business operations. Surprisingly, despite the recent decline in investment value, access to financing ranked only fourth among their concerns. The most significant hurdle was customer acquisition and retention, cited by 32 percent of local fintechs as their principal obstacle.
Main challenges in the fintech sector in Mexico in 2024
Characteristic
It is the biggest challenge for my fintech in this market
It is a challenge to consider in this market
It is not a challenge for my fintech in this market
Figures refer to local fintech companies. The source defines fintech as a startup offering financial solutions with the capability of offering a 100 percent digital customer journey.
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Finnosummit. (March 5, 2025). Main challenges in the fintech sector in Mexico in 2024 [Graph]. In Statista. Retrieved June 10, 2025, from https://www.statista.com/statistics/1462174/mexico-fintech-challenges/
Finnosummit. "Main challenges in the fintech sector in Mexico in 2024." Chart. March 5, 2025. Statista. Accessed June 10, 2025. https://www.statista.com/statistics/1462174/mexico-fintech-challenges/
Finnosummit. (2025). Main challenges in the fintech sector in Mexico in 2024. Statista. Statista Inc.. Accessed: June 10, 2025. https://www.statista.com/statistics/1462174/mexico-fintech-challenges/
Finnosummit. "Main Challenges in The Fintech Sector in Mexico in 2024." Statista, Statista Inc., 5 Mar 2025, https://www.statista.com/statistics/1462174/mexico-fintech-challenges/
Finnosummit, Main challenges in the fintech sector in Mexico in 2024 Statista, https://www.statista.com/statistics/1462174/mexico-fintech-challenges/ (last visited June 10, 2025)
Main challenges in the fintech sector in Mexico in 2024 [Graph], Finnosummit, March 5, 2025. [Online]. Available: https://www.statista.com/statistics/1462174/mexico-fintech-challenges/
