Overview
- CNBV data show Mexican banks reported 45.8 million credit‑card contracts in April 2026, an increase of about 8.08 million from a year earlier that was largely explained by Banco Plata's regulatory reporting.
- Banxico figures for end‑2025 put the stock of credit cards at roughly 50.05 million, meaning much of the recent headline growth reflects reporting and timing differences between regulators as well as real issuance.
- Banco Plata began reporting to regulators in March 2026 and contributed about 6.4–6.5 million cards to April totals while recording a delinquency rate (Índice de Morosidad) of 6.03%, above the 3.3% segment average.
- Less than half of issued cards are used regularly: Banxico reports about 24.38 million actively used cards at end‑2025, highlighting a gap between cards in circulation and consumer usage.
- The market remains concentrated with BBVA the largest issuer by contracts and Visa and Mastercard combining for roughly 99.3% of cards, a structure that raises monitoring priorities for consumer vulnerability and systemic risk.