The "Banca Múltiple" in Mexico are banks that are authorized to receive money from the public through products and services, such as: checking accounts, savings accounts, time deposits, etc.; and then be used for commercial, mortgage, personal loans, credit cards, etc.
Mexico registers around 70 million users who use online banking and they have the second highest gross domestic product in all of Latin America: 302.000 million dollars.
1 out of 5 Mexican companies make payments through mobile apps.
Around 20% of companies or businesses are aware of the possibilities of financing in the stock market, but less than 5% are interested in participating and only 4% of the companies have raised funds from investors.
The total assets of the financial sector, specifically the "Banca Múltiple" (multiple banking) sector, amounted to approximately $12,000 billion mexican pesos and Total loan portfolio amounted to $5,900 billion mexican pesos.
*: Billion mexican pesos
Source: La Comisión Nacional Bancaria y de Valores (CNBV).
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