Mexico Growth Forecast Rises; Grupo México Renews Banamex Offer

This week in finance news: The UN-backed Net-Zero Banking Alliance has officially disbanded, ending a major climate finance initiative. In Mexico, optimism rises as Banxico upgrades its 2025 growth forecast, despite a broader slowdown in Latin America, while policymakers and private players focus on digital payment readiness ahead of the 2026 World Cup. Meanwhile, FinTech Mexico and the US Financial Technology Association have strengthened bilateral cooperation, and Grupo México has renewed its bid to acquire Banamex.

More news below:

UN-Backed Net-Zero Banking Alliance Shuts Down

The UN-backed Net-Zero Banking Alliance (NZBA), a coalition of global banks committed to decarbonizing finance, has ceased operations following a member vote, ending a climate finance initiative that began in 2021. At its peak, the alliance included nearly 150 banks representing more than 40% of global banking assets and pledged to align lending and investment portfolios with a net-zero pathway by 2050.

Mexico 2026 World Cup Tourism Boost Hinges on Digital Payments

As Mexico prepares to host the 2026 World Cup, the country is emerging as a strategic destination for global tourism. However, a new study by Nuvei and Edgar, Dunn & Company warns that modernization of Mexico's digital payments infrastructure will be crucial to capitalize on this opportunity fully.

FinTech Mexico, FTA Strengthen Cross-Border Collaboration

At the North Capital Forum 2025, the Asociación FinTech Mexico and the Financial Technology Association (FTA) of the United States signed a Joint Declaration to strengthen collaboration in financial technology between the two countries. 

Mexico’s Growth Outlook Upgraded Amid Latin America Slowdown

Mexico’s Central Bank (Banxico) raised its 2025 growth forecast to 0.53%, while the World Bank warned that Latin America and the Caribbean will remain the slowest-growing region globally, with projected expansions of 2.3% in 2025 and 2.5% in 2026. Banxico’s latest monthly survey of 45 national and foreign consulting groups marks the fourth consecutive upward revision for Mexico, up from 0.46% in August and 0.18% in May. 

Grupo México Submits Binding Bid to Acquire Banamex, Shares Fall

Grupo México, the mining and infrastructure conglomerate led by Germán Larrea, has formally renewed its interest in acquiring all of Grupo Financiero Banamex, Citigroup’s retail banking unit in Mexico. The company submitted a binding offer to acquire 100% of the bank while maintaining majority Mexican ownership.