New Market Report: Market Opportunities and Emerging Trends in the Prepaid Card Market in Mexico: Market Profile
According to the Bank of Mexico, by the end of 2011, the issuance of credit cards by commercial banks reached record levels. By the end of 2011, XX million credit cards were in circulation, representing an annual rise of XX% from the end of 2010. However, the 2009 recession significantly impacted the credit card industry and consequently the number of issued cards registered a negative growth until the fourth quarter of 2010. In 2011, cards issued, cards used and card...
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