Mexican commercial banks, particularly BBVA, control over 60% of the market, fostering abusive practices. Credit card interest rates for high-income clients reach 51.9%, exceeding March's inflation rate of 4.12% by approximately 12 times.
The average annual total cost (CAT) is 75.1%, significantly higher than the central bank's interest rate. Personal loan interest rates range from 30% to 65% annually, depending on the bank and client profile.
Experts suggest strengthening competition by including Fintech companies, strict regulation to limit intermediation margins, and financial education to empower users.