Mexico accelerates its digital revolution: e-commerce will grow 25% annually until 2027

Mexico City – Mexico has established itself as one of the world's most digitally dynamic countries, according to Nuvei's global expansion guide, which projects a compound annual growth rate of 25% in e-commerce until 2027, placing the country as the second largest market in Latin America, only behind Brazil.

The study, which analyzes eight emerging economies with high digitalization potential - including Brazil, Chile, Colombia, Mexico, India, Hong Kong, South Africa and the United Arab Emirates - estimates that these nations will collectively reach $1.2 trillion in digital sales by 2027, with an annual growth rate of 19%, almost double that of developed economies.

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According to Nuvei, Mexico's progress is based on three key pillars: growing financial inclusion, the predominance of mobile commerce, and the expansion of real-time payments , factors that are transforming the country's digital ecosystem.

Currently, 79% of online purchases in Mexico are made via mobile devices, a proportion projected to increase to 82% within the next two years. Furthermore , one in four digital shoppers buys products from international retailers, solidifying Mexico's position as a gateway to Latin American e-commerce, comparable to global platforms like Hong Kong.

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The report highlights that digital payment methods drive financial inclusion, thanks to platforms like Mobile Money (DiMo) and electronic wallets, which have allowed millions of people to be incorporated into the formal banking system.

Furthermore, the integration of local and multi-currency payment methods has strengthened the competitiveness of Mexican companies, allowing them to serve both the national market and international clients within the framework of the United States-Mexico-Canada Agreement (USMCA).

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Nuvei emphasizes that Mexico stands out not only for its growth but also for its ability to scale technology companies internationally , leveraging its connectivity, fintech infrastructure, and young demographic. The report notes that artificial intelligence is already improving payment approval rates by up to 30% thanks to intelligent routing and advanced analytics.

The company, which operates in more than 200 global markets, has a local presence in over 50 countries and offers more than 700 payment methods , from cards and digital wallets to real-time solutions. Nuvei believes that Mexico is emerging as a global digital leader and a strategic hub for technological expansion in Latin America. (With information from El Universal)