Financial inclusion in Mexico

 

We speak of financial inclusion to refer to the access that the population has to certain financial products that could translate into better living conditions. These tools give us the possibility to make transactions, payments, access credit, generate savings and protect our assets, health and family members through insurance.

The following figures give us a broad overview of this situation in Mexico*. 

Financial inclusion in Mexico
  • 68% of the population ( 54 million people) owns at least one financial product 
  • 27% have two or three financial products
  • 24% have only one financial product
  • 18% have four or more financial products
  • 72% of men own at least one financial product
  • 65% of women own at least one financial product
  • 8 out of 10 people in the northwest of Mexico (BC, BCS, Sonora, Sinaloa, Chihuahua and Durango) have at least one financial product. This makes it the area with the best rate in the country.
Type of financial products
  • 47% of people have a bank account
  • 31% of people accessed a credit product
  • 25% have insurance
  • 40% have retirement savings
Read also: 

My insurer supports me

Insurance in Mexico
  • 13.5 million people have life insurance ( 67% of the population range)
  • 7.8 million people have car insurance ( 39% of population range)
  • 5.0 million people have health insurance ( 25% of the population range).





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