Mexico's cash use to fall by 2030, digital payments to drive adoption

Mexico's reliance on cash is set to decrease significantly in the coming years, according to the Global Payments Report 2025. The study predicts that cash will represent only 35% of point-of-sale transaction values by 2030, down from 40% in 2025. In e-commerce, cash's share is expected to fall from 9% to 7% over the same period.

Juan Pablo D’Antiochia, Enterprise General Manager for Latin America at Global Payments, noted that consumers are increasingly open to faster, simpler, and more secure payment methods. While cash remains important, especially for smaller transactions and underserved populations, Mexico is moving towards greater digitalization. Digital wallets are anticipated to be a major catalyst, with their share in e-commerce rising from 26% to 30% and in point-of-sale transactions from 9% to 14% by 2030. Platforms like Mercado Pago and PayPal are leading adoption, with Apple Pay and Google Wallet expanding their presence.

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consumers show a growing openness to faster, simpler, and more secure payment methods.

Despite the digital shift, Mexico still leads Latin America in cash usage at physical stores. However, this trend is expected to reverse as digital infrastructure expands and adoption of new payment methods grows. D’Antiochia highlighted that promoting digital payments for fuel purchases could significantly accelerate the reduction of cash usage by establishing lasting consumer habits.

Starting in July, the federal government, in collaboration with banks, will launch a campaign to encourage digital payments for fuel. This initiative is part of a national strategy to reduce cash dependency and digitize the economy.

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Promoting the payment of fuels through digital means can become a relevant factor in accelerating the reduction of cash use in Mexico, by generating consumption habits that tend to be maintained over time.