US novel Banking policies to obscure impact on Mexico payment industry: Ken Research

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US novel Banking policies to obscure impact on
Mexico payment industry Ken Research
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Elevated vulnerability in the wake of the outcome
of the US presidential decision The deficit was
cut down by 1.1 of GDP from 2015 to 2016 Ken
research announce its recent publication on "
Consumer Payments Country Snapshot Mexico 2016"
which concentrates on offering insightful
analysis of consumer payments market in Mexico,
considering payment cards, online payments, P2P
payments and latest payment technologies such as
mobile wallets and contactless along with the
regulations enforced in the market and how they
have evolved.
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Furthermore, it has explored the online payment
market in the UK by payment tool along with its
five year future forecast for the development of
the market. This report offers an in-depth
analysis of the consumer attitudes towards
prepaid cards, mobile payment tools, P2P tools
and the process of deployment constructed by the
companies in Mexico. Learn the latest trends
which drive consumer behaviour at the macro level
and plan the respective strategies
further. Mexico - Economic forecast Financial
movement has been versatile to sharply bring down
oil costs, powerless world trade development and
money related policies fixing in the United
States. Domestic demand remains the fundamental
driver of monetary activity, upheld by late
auxiliary changes that have sliced costs to
buyers, eminently on power and telecoms services.
Development will be kept down in 2017 and 2018,
for the most part through venture and buyer
confidence, following uncertainties about future
US strategy, in spite of the fact that the
economy could profit by more grounded import
demand from the United States.
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Macroeconomic factors are being fixed. Banco de
Mexico raised policy rates to counter
inflationary weights and keep expansion
expectations secured close to the inflation
target and all the more as of late because of
elevated vulnerability in the wake of the outcome
of the US presidential decision. Keeping in mind
the end goal to meet the union way and guarantee
debt sustainability, the 2017 budget plan
incorporates expenditure cuts, with the goal of
coming back to an essential surplus. The
government laid down a consolidation path two
years back to lessen the budget deficit by 2
percentage points of GDP more than 4 years.
However, there is degree for reallocating
expenditures and further constraining tax
expenditures to rise spending on projects helpful
for comprehensive development for Mexican
families such as child care, wellbeing, poverty
reduction, and infrastructure.
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Financial activity held back by external
factors Even being hit by major external shocks,
the Mexican economy has been versatile. The
external environment is a task, with the global
economy remaining in a low-growth trap and poor
expectations degrading trade, investment, and
salaries. Headwinds specific to Mexico
incorporate reducing oil prices, which had cut
down government receipts, cutbacks in power
sector investments, and the heavily depreciating
Mexican peso following market expectations of US
Federal Reserve fixing, and policy uncertainty in
the United States. The government is on right
path to meet its Public Sector Borrowing
Requirements (PSBR) deficit target. The deficit
was cut down by 1.1 of GDP from 2015 to 2016
however this largely reflected a one-off profit
remittance from the central bank. The loss of
budget revenue following the eradication of
global oil prices posed a threat and an
opportunity for Mexico, which it conveniently met
by implementing a reform to raise taxes by 3 of
GDP since 2014, thereby majorly reducing fiscal
dependence on oil.
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• Certain reforms are needed for the countrys
  economic and financial growth
• Misallocation of productive resources,
• stringent local regulations,
• weak legal institutions,
• high rates of corruption
• Insufficient financial inclusion
• Eradicating extreme poverty,
• reducing income inequality and informality,
• Raising female participation, and encouraging
  more responsible business practices.

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The outlook is linked to external
developments The expansion of the Mexican
economy is anticipated to be affected by policy
uncertainties in the United States. However, the
economy will continue to be accepted by a
competitive exchange rate, solid credit
expansion, and continual improvements in the
labour market included by the governments
structural reforms and the low inflation
environment. For more coverage tap on the link
below https//www.kenresearch.com/banking-financi
al-services-and-insurance/financial-services/consu
mer-payments-country-snapshot-mexico-2016/58933-93
.html
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Related Reports https//www.kenresearch.com/banki
ng-financial-services-and-insurance/financial-serv
ices/cards-payments-industry-norway-emerging-trend
s/65447-93.html https//www.kenresearch.com/banki
ng-financial-services-and-insurance/financial-serv
ices/consumer-payments-country-snapshot-uae/62127-
93.html Contact Ken ResearchAnkur Gupta, Head
Marketing Communicationsquery_at_kenresearch.com
91-124-4230204
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