Designing Digital Payments for Mexican Women Entrepreneurs

Categories : Digital Money and payments, Technology and Operational Enablers


Author: Womens World Banking

Mexico’s 6.3 million micro, small, and medium-sized enterprises (MSMEs) generate nearly half of Mexico’s GDP and employ 37 percent of the workforce. Of MSMEs, 94.2 percent are microenterprises, and over half of these are women-owned or women-led. Despite this segment’s dominance in the economy, the majority of MSMEs transactions are still cash-based.

This report by Women’s World Banking first shares an overview of Mexico’s financial inclusion landscape, then it assesses the needs of women entrepreneurs by understanding their barriers and motivations in relation to digital payment adoption, and, lastly, it envisions the digital payments of the future.