Mexican Entrepreneurs Provide Confidence; Online Payments Advance

Mexico has risen over Latin American countries as a major entrepreneurial hub, as the country’s leaders continue to demonstrate expert skills to develop businesses.

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Mexico Produces Outstanding Entrepreneurs

Mexican entrepreneurs have proven to be world-rate and rewarding the country with growing investor confidence. “Latin America is producing entrepreneurs with a lot of potential, who are also committed to solving important issues,” said Vincent Speranza, Managing Director, Endeavor México. 

Online Payment Investments in 2023

For companies to increase revenue and improve network acceptance fees, investments must be made toward payment optimization and better customer experience. In 2023, greater investments in SME technology and security are planned. “There are alternative payment methodologies emerging and 80 percent of people are willing to try them. For example, in Asian countries, payment with facial validation has become commonplace. The world is moving toward linking identity and payments. This not only leads to less transaction friction and fraud but also creates trust,” said Creel. 

Investment Hesitation in Latin America

Fabrice Serfati, General Partner and Managing Director, IGNIA Partners, explained that private capital equity has resisted the most recent inflationary shocks, volatility and geopolitical turmoil. However, Serfati believes that the LATAM market is less understood than India and China. 

“In the past few years, we have not just shown resilience but true growth capability. Plus, in many areas, we are a market ready for digitalization. That is not enough, however. We need to be tougher and have tougher political and educational strategies that favor entrepreneurship and innovation. I read that US Ambassador Ken Salazar stated  there are 13,000 Mexican students in US schools and universities, versus a staggering 350,000 Chinese students. Of course, as they spill into the labor market, they are prepared to take over all the Emerging Market operations of any financial institution,” said Serfati. 

ESG Corporate Bond Market in Mexico

Alberto Moreno, Senior Director, Fitch Ratings, explained that the financial market is vital to develop sustainable activities, as ESG due diligence, strategies and integration are improved upon.  

“Mexican corporates also issued ‘social-bonds’ (suffix ‘S’), whose main objective is to raise funds for new and existing projects with positive social outcomes. They are aligned with ICMA’s Social Bond Principles (SBP), which look to support issuers in financing socially vigorous and sustainable projects that achieve greater social benefits. As markets evolve and investors seek stable returns and positive impact, the ESG-linked bond market will continue to attract issuers willing to commit, adapt and be transparent with market participants,” said Moreno.