SMEs are the backbone of Mexico’s economy, but it’s time their banking caught up
Yahoo Finance·2025-09-30 20:00
In Mexico’s financial system, there’s something of a vacuum. The consumer credit industry is booming, but many small and medium-sized enterprises are unable to access adequate banking systems and credit, leaving them heavily reliant on cash and struggling with liquidity. But these SMEs, like the small tortilla stands found on every street corner or the artisan brands celebrating Mexican heritage make up 95% of all Mexican businesses, contribute 52% of Mexico’s total GDP and formally employ 68% of the popu ...