Progress and challenges and their impact on economic freedom

The arrival of financial services and their use in Mexico showed an important progress, according to the results of the National Financial Integration Survey (Enif2024, prepared by the National Institute for Statistics and Geography (Inegi) In cooperation with the Banking and National Securities Committee (CNBV). However, there are still challenges and fields of opportunities to achieve greater integration of individuals and population sectors.

To the dimensions of the current panorama, it is the key to comparing these developments with the goals set Policy of national financial inclusion 2020 – 2024, which took the country’s reference in 2018.

One of the most relevant aspects Financial healthUnderstanding that it is the ability of individuals to manage their resources efficiently, confront unexpected economic events and benefit from growth opportunities. Although the improvements in most indicators have been recorded, the decrease in insurance possession has reduced, which decreased from 25 % to 23 % in six years. This fall shows a continuous weakness of unexpected events, especially in areas with less development.

As for Access to financial productsData shows noticeable developments. The percentage of adults with at least one financial product increased from 68.3 % to 76.5 %, approaching the 77.2 % target set in the national strategy. A similar growth is noted in the application of savings accounts, which moved from 47.1 % to 63.0 %. These results reflect the positive impact of digital digital strategies and the financial arrival strategies that have been promoted in recent years.

However, it continues Important gaps. By 2024, the goal was to eliminate the difference in reaching financial products between women and men, but this contrast grew from 6.6 to 8.8 percentage points. In addition, while in the northeastern region 71.3 % of the population have ED account

he credit It also evolved, with 37.3 % of the population using a type of financing. However, most of these credits are concentrated on departments cards (22.6 %) and banking services (15.7 %), indicating that consumption debts still exceed productive financing. In addition, 38.4 % of those who do not have borrowing credit, which highlights the need to enhance financial education to enhance responsible credit as a development tool.

The other main side is Driving financial services. The use of mobile phone applications to conduct consultations and transactions of 54.3 % in 2021 to 69.1 % in 2024, and electronic transport operations increased significantly. This reflects the constant lack of confidence in the digital media and the lack of sufficient infrastructure for electronic payments in certain areas. However, cash remains the main way to pay for ease of use in daily transactions.

These developments and challenges not only affect the economic development of the country, but also have effects in The economic freedom of the population. Financial inclusion gives people tools to people to make independent decisions, invest them and make them about their future, which reduces their dependence on informal solutions as loan at abusive rates. However, in order to translate this access to translation into more self -independence and the well, it is necessary that financial inclusion not only open accounts or credits, but an effective way to improve the quality of life and participate in the official economy.

This requires a comprehensive strategy that combines financial education, accessible, and regulations that enhance transparency, respect for privacy, as well as free, optional and simple access to different means and products.