Summary: Mexico’s financial and business landscape is undergoing significant changes, driven by fintech investment, resilient exports, telecommunications consolidation, sovereign credit pressures and the rapid adoption of digital payments. Revolut plans to invest US$250 million in Mexico by 2027, the IMF raised its 2026 GDP growth forecast to 1.5%, and Grupo Televisa and Fintech Holdings agreed to acquire AT&T Mexico for US$2 billion, subject to regulatory approval. Meanwhile, HR Ratings downgraded Mexico’s and PEMEX’s ratings to BBB, while SPEI is expected to surpass credit and debit cards in transaction volume by the end of 2026, highlighting shifting investment conditions and the growing role of digital financial infrastructure.
Revolut Plans to Invest US$250 Million in Mexico by 2027
Revolut plans to increase its cumulative investment in Mexico to approximately US$250 million by 2027,building on US$167 million already invested and a customer base that reached 1 million within eight months of launching full commercial banking operations. The British fintech is expanding its digital banking services, strengthening deposits and targeting positive unit economics in 2026, while aiming for overall profitability in its fourth year of operation as it competes in Mexico’s growing digital banking market.
Mexico GDP Forecast Rises to 1.5% as Exports Grow
Mexico’s economy is projected to grow 1.5% in 2026, up from the International Monetary Fund’s previous estimate of 1.2%, as resilient exports and stabilizing investment support activity despite trade uncertainty. The IMF forecasts 1.8% growth in 2027, while Mexico’s integration into North American manufacturing networks, expanding artificial intelligence supply chains and rising container traffic at the Port of Manzanillo offer opportunities for industrial producers and exporters. However, geopolitical tensions, higher energy prices, financial market volatility and uncertainty in major export markets could constrain investment and economic growth.
Televisa, Fintech to Acquire AT&T Mexico for $2 Billion
Grupo Televisa and Fintech Holdings have agreed to acquire 100% of AT&T Mexico for US$2 billion, a transaction that could create Mexico’s second-largest telecommunications operator by combining mobile, fixed-line and media operations. Pending regulatory and antitrust approval, the deal would expand the buyers’ mobile customer base to more than 25 million users and add 5.8 million fixed-service subscribers, while providing access to established network infrastructure and 3.5 GHz spectrum that could support future 5G services.
HR Ratings Downgrades Mexico and PEMEX to BBB
HR Ratings downgraded Mexico’s long-term sovereign debt rating and PEMEX’s global-scale debt rating from BBB+ to BBB, citing persistent fiscal pressures, a weaker economic growth outlook and continued challenges in managing public-sector debt. The downgrade comes as PEMEX seeks to expand domestic fuel production and reduce refined-product imports, despite declining crude oil output, lower export volumes and the financial demands of its refining strategy. For investors and businesses, the rating changes underscore the importance of fiscal consolidation, economic growth and PEMEX’s operational performance in shaping Mexico’s credit outlook and energy-sector investment environment.
Transfers Are Coming for the Payment Card´s Crown
Credit Mexico’s Interbank Electronic Payment System (SPEI) is expected to surpass credit and debit card payments in transaction volume before the end of 2026, reflecting the growing adoption of real-time digital transfers. In 2025, SPEI processed more than 7.3 billion transfers worth nearly MX$600 trillion, serving an estimated 73.5 million adults. Although cash remains dominant for everyday purchases, electronic transfers have gained ground among consumers and businesses, with 78% of formal companies accepting them, writes Jaime Márquez Poo, Partner and Executive Director of Business Development.
Source: mexicobusiness.news
