Banorte digital payments, Digi Mart USA News (Mexico): Marcos Ramírez Miguel, CEO of Grupo Financiero Banorte, said digitizing payments can expand financial inclusion, reduce costs and make many banking operations and the activities of all involved actors safer and more efficient. He said it is a step the country must take.
Speaking at a press conference on the bank’s third-quarter 2026 results, Ramírez Miguel said the initiative has advantages and no disadvantages, calling it a win-win. He said Banorte views the initiative very favorably.
He noted that the initiative comes from the Presidency, which the bank welcomes, and described it as one of the most important initiatives coming to the Mexican Banking Association (ABM) in the coming years. He cautioned, however, that implementation must be gradual and accompanied by connectivity and substantial financial education.
Ramírez Miguel said digitizing payments is a medium- and long-term initiative that must be implemented and will undoubtedly give a boost to the economy.
At the close of the third quarter, Banorte reported 13% annual growth in traditional deposits, which reached 1,244,632 million pesos. Loans in stages 1 and 2 rose 11% annually to 1,333,332 million pesos, and the bank reported a 20% annual increase in net profit.
Ramírez Miguel said 2027 looks like it will be a good year. Alejandro Padilla Santana, deputy CEO of Economic and Financial Analysis at Banorte, said the economy is gaining momentum.
Padilla, the bank’s chief economist, projected Mexico could grow 2% in 2027, and said digital payments and the digital economy in general will likely be among the main drivers of economic activity in the coming years.
Asked about the bank’s use of artificial intelligence, Ramírez Miguel said it is used to enhance employees’ capabilities rather than replace them. He said the bank has hired more than 1,200 employees this year alone, equivalent to 3% of its workforce, and that AI will be one tool among others.
On the standardization of the user experience for electronic transfers, which Banco de México (Banxico) set a compliance deadline of December 14, 2026 for, Ramírez Miguel said the bank is committed to having all standardization processes in place on that date.
Asked about the sale of its digital bank, bineo, to Klar, an agreement announced in 2025, he said it has not yet been sold and remains in process.
Regarding its deposit-gathering strategy, Ramírez Miguel said that over the past six years Banorte has implemented a series of initiatives incorporating digital tools, launched progressively under a roadmap the article describes but does not detail.
