Overview
- Industry data presented this week show 795 fintechs operating through 2025, with about 70% older than five years and annual mortality near 5%, signaling maturity and slower, steadier growth.
- Banxico said a new, consensual proposal on interchange fees is being crafted with the banking sector after the February 12 withdrawal of the initial draft that suggested caps near 0.6% for credit and 0.3% for debit.
- CNBV’s Ángel Cabrera said work is underway on a Fintech 2.0 framework, as authorities pressed for stronger cybersecurity and consumer protection and Agustín Carstens urged tight oversight of stablecoins to preserve confidence.
- Banxico highlighted fintechs’ growing role in core rails, noting 12 firms connected directly to SPEI and that non-bank institutions originated 18% of referenced payments in 2025.
- The shift from fintechs to licensed banks is accelerating, with Plata authorized, Revolut operating as a bank, Nu licensed but pending final requirements, and Mercado Pago and Finsus seeking licenses, as executives forecast faster change over the next two years.