Mexico POS Terminal Market – 2024

By Lee Holman Mar 6, 2024 3 Min Read

Retail sales in Mexico are dominated by major chains like Walmart de México (over 66% of supermarket sales), as well as other large players such as Grupo Chedraui, Soriana, and La Comer. That said, the market remains relatively fragmented, with a mix of hypermarkets, discount stores, cash-and-carry outlets, convenience stores, pharmacies, and smaller independent retailers. As a result, the Mexican POS terminal market is driven by the larger retailers, but remains less mature in the more rural areas.

Total Retail Sales: $9.7 Trillion (USD $548 Billion), up 3.7% from 2022

Mexico POS Terminal Market – Country Overview

2^nd Largest LATAM economy $2.6 Trillion
2^nd Largest retail market in the region
Largest POS Installed Base in LATAM
$4,218 per capita retail sales

Leading Retailers

FEMSA Comercio (#76 worldwide), Grupo Coppel (#117), Chedraui (#127), Soriana (#158), Liverpool (#175), El Palacio de Hierro, Farmacias del Ahorro, Casa Ley, Grupo Sanborns, Farmacias Benavides.

Key Mexico POS Terminal Market Trends

E-commerce has become deeply integrated into daily life in Mexico, and represents some 13% of retail sales. The landscape is dynamic, with significant room for continued growth driven by increasing digital adoption, evolving consumer preferences, and the expansion of both local and global retailers.
Over the past eight years, retail sales have grown 27.7%, compared to -5.5% for Brazil, +12.6% for Colombia, and +60% for the USA.
Femsa’s OXXO C-store chain is the most aggressive of Mexican retailers in terms of expanding into other countries. Most other significant Mexican retailers seem focused on dominance in the domestic region.
Infrastructure issues persist in Mexico, affecting supply chains and connectivity among states. Infrastructure investment remains lower overall in Mexico, but especially so in the southern regions.

Key Mexico POS Terminal Market Size

2023 market was $745 Million and is expected to grow to $1.0 Billion (37.0%, 6.5% CAGR ) by 2028.

Key POS Hardware Vendors/Key POS Software Vendors

Among the key POS hardware vendors in the Mexico POS market are Toshiba Global Commerce Solutions, Fujitsu, NEC, Diebold Nixdorf, and Oracle.
Key POS software vendors in the Mexico POS market include Toshiba, Oracle, Flooid, Veras Retail and GK Software.

IHL Studies for Mexico POS Terminal Market

2024 Latin / South America POS Terminal Market Study

This study includes market sizing, POS shipments, POS installed base and trends for the key LATAM countries (Mexico, Brazil, etc) and the region as a whole.

Includes POS market share by software vendor by segment

Provides POS shipments and POS installed base by quarter for each retail segment for the LATAM region.

2024 Latin / South America Retail Stores/POS Sizing by Retail Chain Size

Included in this study are Market Sizing by store locations and chain size for Latin/South America