Mexico Becomes Kushki’s Largest Market, Generating 40% of Revenue

Web Editor

August 7, 2025

a sign that says,'okrushki'on the wall of a building with people working at computers, Bohumil Kubis

Introduction to Kushki and its Growth in Mexico

Kushki, a technology payments firm based in Ecuador, has solidified its position as the largest market for its services in Mexico during the first half of 2025. The company reported that 40% of its total revenue came from the Mexican region, according to their own statements.

Driving Forces Behind Kushki’s Success in Mexico

Kushki’s growth in Mexico has been fueled by increased adoption of its solutions by local businesses, particularly in retail sales, digital economy, and financial services. This expansion occurs within the context of Mexico’s growing digital payments ecosystem.

Digital Payments Expansion in Mexico

According to a Deloitte study, credit card payments now account for over 55% of the total volume of purchase operations in Mexico. This shift has increased demand for more efficient and secure payment tools.

Kushki’s Regional and Mexican Revenue Growth

On a regional level, Kushki reported over 40% growth in revenue during the first half of 2025 compared to the same period in the previous year. In Mexico specifically, the growth was in double digits, highlighting its strategic importance for the fintech’s operations.

Kushki’s Licensing and Market Position

One key factor contributing to Kushki’s success in Mexico is the acquisition license granted by the National Banking and Values Commission (CNBV) in 2023. This made Kushki the first non-bank acquirer in Latin America, positioning it as the sixth largest acquirer by transaction volume in Mexico among 14 banks and non-bank participants.

Mexico’s Digital Payments Market Outlook

Kushki believes that Mexico’s digital payments market continues to show growth signals. According to data from consultancy Mordor Intelligence, this segment reached a value of $114 million in 2024 and is projected to grow to $185 million by 2029.

Moreover, Mexico leads Latin America in real-time payments growth, with a 37.6% share and nearly 4 million transactions recorded in 2023.

Key Questions and Answers

  • Who is Kushki? Kushki is a technology payments firm based in Ecuador that provides payment solutions for businesses.
  • Why is Mexico significant for Kushki? Mexico represents 40% of Kushki’s total revenue, making it a crucial market for the company.
  • What factors contributed to Kushki’s growth in Mexico? Increased adoption of Kushki’s solutions by local businesses, along with Mexico’s expanding digital payments ecosystem.
  • What is the current position of Kushki in Mexico’s digital payments market? Kushki is the sixth-largest acquirer by transaction volume in Mexico and the country leads Latin America in real-time payments growth.