MexMoves
Each week, Damian Fraser and Eduardo García dissect Mexico's most important business stories with global impact. They bring on a guest to explore a subject the headlines missed. The show offers analysis of Mexican business trends and their international implications.
Episodios
85. Trade & Railways with CPKC and AmCham’s Oscar del Cueto | Mexico’s Budget, Digital Law, Kapital & Televisa
We interview Oscar del Cueto, Head of CPKC Mexico and President of AmCham Mexico, for a conversation about railways and the future of North American trade.Oscar discusses how nearshoring is showing up in freight volumes, why Mexico still moves so much cargo by truck, the US$100 million expansion at Nuevo Laredo, border bureaucracy, security, tariffs and whether passenger rail can coexist with a gr
84. Mexico’s NYC Week; M&A Outlook; Axtel Bids, Felix Pago Funding, Volkswagen Cuts
We interview María Ariza, CEO of Mexican stock exchange BIVA and founder of Mexico Investment Day, now Mexico Investment Week, in New York, to discuss next week’s event and the current state of Mexican capital markets.We also talk with Ariel Fischman, CEO and founder of 414 Capital, about the state of Mexico’s mergers and acquisitions market.First, Eduardo and Damian discuss the following business
83. Mexico’s 55% Informality Problem; Aeroméxico-Delta, Viva-Volaris; Canada & USMCA; and the AI Software & Hardware Boom
We interview Sofía Ramírez Aguilar, head of México, ¿Cómo Vamos?, a leading Mexican think tank, on one of Mexico’s biggest economic challenges: labour-market informality, and what to do about it.About 55% of employed Mexicans work informally, meaning they lack social-security or legal protections. Beyond that, informal workers earn less than half what formal workers make.Sofía explains why informa
82. J.P. Morgan on Mexico’s Economy; Tourism, Braskem Idesa Bankruptcy & Omnilife’s Texas Bet
Is Mexico’s economy finally turning a corner, or simply stabilizing at a disappointingly low growth rate?This week on MexMoves, we interview Gabriel Lozano, Chief Mexico Economist at J.P. Morgan, to discuss the economic outlook for the rest of 2026: why investment is lacking, the weakness of auto and strength of non-auto exports, Mexico’s growing role in US data-center roll-out, the impact of Plan
81. TRAXIÓN, Yuno & Mexico’s Biggest Business Stories of the Week
Antonio Tejedo, Vice President of Investor Relations at Grupo TRAXIÓN, joins us to discuss the transformation of Mexico’s leading transportation and logistics company, from a traditional trucking operator into an integrated platform spanning freight, people mobility, warehousing, brokerage, technology and supply-chain management.We look at how TRAXIÓN was built through acquisitions, how nearshorin
80. UBS on Mexico Wealth Management, Pemex & Mercado Libre Results, SuKarne Sale & More’
We talk to Ricardo Pintado, Managing Director at UBS Wealth Management, about how Mexican entrepreneurs and wealthy families should approach investing, succession and the differences to creating wealth from preserving it.We discuss how a global private bank’s value proposition differs from that of a commercial bank, brokerage firm, independent adviser or family office. We also explore why there wi
79. Most People Invest in Restaurants for the Wrong Reason
We spoke with Gabriela Cámara, the star restaurateur behind Contramar, Entremar, Caracol de Mar and Itacate in Mexico City, as well as the recently opened Cantina Contramar in Las Vegas.She explains why the iconic Contramar has been full for nearly 30 years, what it takes to run a busy Mexico City restaurant day after day, and why a restauranteur needs to be both businessperson and chef. We also d
78. What Mexico Looks for in a CEO; 2Q Earnings Reveal Consumer Weakness; Casa de Toño Seeks a US$400mn Sale; Lettuce Liability
This week, we speak with Francisco Ruiz Maza, Mexico Country Manager at Russell Reynolds Associates, one of the world’s leading executive search and leadership advisory firms.Francisco explains how Russell Reynolds identifies and evaluates candidates for CEO and board positions in Mexico, what Mexican companies look for in their senior leaders, and how deep Mexico’s C-suite talent bench is. We als
77. QED Investors on Mexico’s Next Fintech Winners; What World Cup? The Limited Economic Impact; Mexico’s AI Infrastructure Opportunity
We speak with Ana Cristina Gadala-Maria, Principal at QED Investors, the world’s premier fintech venture-capital firm and among the most active in Mexico, with investments including Bitso, Konfío, Aplazo, Covalto, Kavak, Félix Pago and FEMSA’s new lending venture.She explains what QED now looks for in Mexican startups, why fintechs are becoming multi-product companies, and where the next opportuni
76. Netflix Explains Its Winning Mexico Bet, Toyota’s Tacoma Exit and Why Mexican Credit Data Is Hot
We speak with Francisco Ramos, Netflix’s Vice President of Content for Latin America, about why Mexico has become one of the company’s most important global creative hubs, and what Netflix now needs to do to stay ahead as competition from YouTube creators and influencer-led content rises.Since launching in Mexico in 2011, Netflix has grown its local team to nearly 400 people, filmed in more than 5
75. Mexico’s Energy Infrastructure Needs; USMCA Outlook; Top 1H26 Stock Moves; Tulum Troubles; Minting MIllionaires
We speak with Rafael García, VP of External Affairs at TC Energy and President of CanCham Mexico.We discuss Mexico’s energy infrastructure needs, TC Energy’s role in the country’s natural gas pipeline network, and why reliable infrastructure to facilitate low-cost natural gas imports from Texas is key for Mexico’s competitive electricity generation, nearshoring and industrial growth. We also look
74. Mercado Libre’s Mexico Strategy; Positive News on Growth, Inflation, Renewables, and Sinda’s possible IPO
We interview Leandro Cuccioli, Senior VP at Mercado Libre, on the company’s Mexico strategy, booming e-commerce sales, Mercado Pago’s fintech ambitions, the impact of AI adoption, market concerns around operating margins that have hit the stock price, and the company’s long-term growth opportunities.First, Eduardo and Damian dissect the main business and economic news of the week, which brought so
73. The Making of Mexico; World Cup, Education & Growth, Digital Payments, Stablecoins, & the Plata Documentary
Two standout interviews this week.Harry Krensky, Managing Partner of Discovery Americas, shares his views on what it takes to succeed in Mexico private equity — what works, what doesn't, and where the industry is headed. And before that, Pamela Starr joins us to discuss her new book The Making of Mexico: Revolution, Reform, and Transformation. And as always Eduardo and Damian begin the episode
72. Afore Coppel on Mexico’s pension future; demographic challenges; and more fintech deals with Clip and OXXO
Juan Manuel Valle, CEO of Afore Coppel, Mexico’s largest pension fund by affiliates, discusses the opportunities and challenges facing retirement savings in Mexico.* How Afore Coppel became the largest pension fund by affiliates, despite entering the market much later than others.* How different income groups face very different retirement challenges.* Why contribution weeks, formal employment and
71. Amazon Mexico Head Explains Strategy; Betterware’s Tupperware Deal, FMTY Lands FIBRAMQ, and Televisa’s War Chest
Amazon Mexico Head Pedro Huerta explains how Amazon is adapting to Mexico: ever-faster delivery, local payment solutions, AI-driven shopping, and a deeper push into groceries and everyday essentials.Key interview topics:* The launch of “Delivery in Hours”* Why saving time is Amazon’s core value proposition for Mexican consumers* Faster delivery as a gateway into daily-use categories* AI, Alexa, an
70. GM Mexico Head on China to Mexico Shift, Slim Holds Court, AMX Investor Day, Banxico’s Reality Check
Francisco Garza, Head of GM Mexico, tells us about GM’s plan to shift (for now, just the assembly) of the Aveo and Groove models from China to Mexico, and what it says about nearshoring, tariffs, suppliers, EVs and Mexican manufacturing.Plus Eduardo and Damian discuss the big business and economic issues of the week, including:* Carlos Slim says Mexico’s biggest problem is Pemex, but pledges US$5b
69. inDrive in Mexico; Evolving Mexico ESG; Moody’s D/G; Royal Caribbean blow & the MX-EU Trade Deal
How do you compete with Uber in one of the world’s most competitive ride-hailing markets? Andries Smit of inDrive discusses with Damian the company’s expansion in Mexico, its strategy against Uber and Didi, and why mobility platforms are increasingly evolving into broader financial and logistics ecosystems.Before that, Eduardo speaks with Marimar Torreblanca of Miranda ESG on how Mexican companies
68. BBVA Spark Opens Up; Doubts on SICC’s US$2bn Pharma ‘’Investment’’; S&P Cuts Outlook; GAP Explains
Rodrigo Velasco, Head of BBVA Spark Mexico & LatAm, discusses how BBVA’s division for fast-growing, tech-oriented companies and funds works in practice, and what he looks for when taking on a new client, extending credit or investing in a VC fund.First, Eduardo and Damian dissect the news of the week:* S&P moves Mexico’s outlook to negative while keeping the rating at BBB.* Ebrard prepares
67. OXIO’s Telecom Bet, New Deregulation Push and the Pawn Shop Boom
Eduardo García interviews Nico Girard, CEO and Founder of telco upstart OXIO, on its bold move to buy Telefónica’s Movistar Mexico business, the future of telecom competition, MVNOs, AI-driven telecom platforms, and what success could look like in one of Latin America’s toughest mobile markets.Before that, Damian joins Eduardo to dissect Mexico’s latest business news:* Plan México’s new deregulati
66. Nearshoring opportunities; AI-driven export boom but GDP weakness; BlackRock cashing out in the GMéxico–Saavi deal
We interview Emilio Cadena, CEO of Prodensa and President of the US-Mexico Foundation, on the continued nearshoring opportunity for Mexico; what’s working, what isn’t, and why a roll-up of some of Mexico’s SME export industrial plays makes sense.Before that, Eduardo and Damian discuss the big business news of the week. Grupo México takes control of Saavi Energía, partially cashing out BlackRock/GI
65. North America’s First World Cup; USMCA, Growth Woes, Piracy, AI Investment, and Fibra Battles
Andrés Martínez, Co-Director of the Great Game Lab at Arizona State University, joins us to discuss the business significance of the first North American World Cup. Pedro Casas, CEO of AmCham Mexico, gives us the latest on USMCA talks following the USTR’s visit to Mexico. Before the interviews, Eduardo and Damian assess the state of Mexico’s economy and Q1 earnings so far, ballooning contraband ar
64. Vanguard on Mexico’s savings gap; food inflation; Plata; fracking; ice cream and and motorcycles
We interview Adriana Rangel, Head of LatAm distribution at Vanguard, on one of Mexico’s biggest long-term weaknesses: why retirement savings remain so low despite gains in financial inclusion and average incomes. The answers include still low incomes relative to living costs, low female labor participation, high informality, poor financial education, and complexity and high cost of many existing f
63. Jumex in the USA; Chinese Carmakers; Telefónica Exits; Banxico Chief Under Fire
This week on MexMoves, we interview Carlos Madrazo, head of Jumex USA, on how the company is approaching the US market, what lessons it can bring from its success in Mexico, what has to change, and why both Hispanic and mainstream consumers are part of its long-term ambition. Before that, Eduardo and Damian break down the week’s biggest stories: China’s growing footprint in autos, as GAC claims it
62. AWS at 20 - positioning for Mexico’s AI transition; How “broken” is Mexico’s economy?; Park Life IPO; e-commerce trends
This week, Eduardo and Damian sit down with Rubén Mugártegui, Managing Director of Amazon Web Services Mexico, as AWS celebrates its 20th anniversary, to discuss how the company helped drive Mexico’s shift to cloud computing and how it is now positioning itself at the centre of the country’s AI transition.This episode also dives into:🔹 The debate over Mexico’s ‘’Broken Economy’’ by The Economist.
61. AINDA on Mexico Infrastructure & Energy | Stagflation Fears, Walmex Investor Day, PemBras?, and Casinos
We interview Manuel Rodríguez Arregui, head of AINDA, the infrastructure and energy private equity fund focused on Mexico and Colombia. We discuss how AINDA sees the opportunities and challenges in financing Mexico’s much-needed infrastructure and energy projects, how the firm creates value across its portfolio, and why incorporating the highest ESG standards at every level of the company is key t
60. La Oficina, Stripe in Mexico, Fibra Battles, Bankers Meet in Cancun
This week we chat with Marcos Bucay, showrunner of La Oficina, about bringing The Office TV show to Mexico and what it reveals about hierarchy, nepotism, and the absurdities of corporate life a la mexicana. And in a bonus, top Stripe executive Neetika Bansal also joins us to explain how Stripe is adapting to the Mexican market and its vision for the growing role of stablecoins in global and local
59. Inside Mexico’s Pension Funds. Plus Fibra Monterrey, BBVA Mexico, Mexico’s Billionaires and Liga MX
We talk with Guillermo Zamarripa, president of Mexico’s pension fund association, Amafore, about the growing importance of Mexico’s pension funds, including their role in the country’s long-term savings, capital markets, infrastructure and private assets, the challenge of ensuring adequate pensions as the population ages, and the structural or regulatory changes still needed for the Afore system t
58. Bitso Goes Beyond Crypto: Oil Shock Impact, Chico Pardo Profiles, and ARQ’s Fundraise & Rebrand
Felipe Vallejo, Country Head of Bitso Mexico, explains how the company is pivoting from a crypto-first exchange into a broader investing and payments platform, leveraging stablecoins to facilitate business payments and offering individuals non-crypto digital products including global stocks and bonds.A geopolitically driven oil price spike is no longer the windfall it once was for Mexico. With the
57. Creative Industries, Cartel Threats and Corporate Earnings
This week we chat with Gina Diez Barroso, founder of CENTRO University, and a leading Mexican voice in education, innovation, urban renovation, arts and women in business. She reflects on the evolution of Mexico’s creative economy, and what it takes to build globally competitive creative business leaders in Mexico and elsewhere.We also speak with Edmundo Sandoval of Control Risks, the global risk
56. GBM on Helping Mexicans Invest; Canada–Mexico Ties; New Film Tax Credits; Aeromexico’s Cash Generation; Kavak Raise
Pedro de Garay, co-CEO of GBM and founder of Siclo, describes the pivot from a broker and investment bank built for Mexico’s financial elite to a mass-market investing platform, scaled with SoftBank backing and designed for first-time investors. We look at what comes next as GBM tries to turn scale into higher profitability.Diplomat Shauna Hemingway joins from the Canadian delegation of business l
55. Proof of Human in an AI world: Cash-to-Digital Payments; Crime Hits Investment
Martin Mazza from Sam Altman’s Tools for Humanity and its World project, tells us why Mexico and LatAm are key markets for Proof of Human tools in an AI world, how far they’ve progressed in getting Latin Americans to “eyeball up,” and what still needs to happen to reach critical scale. We also chat with another Argentine, Tomás Mindlin, CEO and co-founder of tapi, following the company’s US$27M Se
54. Homebuilding, Infrastructure Plan, BBVA’s Mexico Blowout, Workweek Reform, and Pemex
We interview Domingo Valdés, CFO of Vinte, Mexico’s largest homebuilder, on where Mexican housing is headed over the next decade. We discuss policy shifts from Peña Nieto to AMLO to Sheinbaum, Infonavit’s expanding role, the successful Javer acquisition, and how Vinte’s ESG focus translates into financial benefits. Before the interview, Eduardo and Damian first break down the week’s biggest Mexico
53. ZONAMACO Art Fair, Mexican Brands in the US, Grupo México - Mexico’s new MVP
ZONAMACO takes centre stage this week as we interview Zélika García, the founder behind Mexico’s top contemporary art fair, on how it became a global hit. We also speak with consultant Juan Saldívar on selling Mexican consumer brands in the US. And as always, Eduardo and Damian break down Mexico’s top business moves of the week: Sheinbaum’s private meetings with senior bankers and economic officia
52. Mexico’s Water Challenges & Solutions; Davos MIA; 2026 Financials, Energy & Mining Outlook
We interview Andrés Pliego on the outlook for Mexico’s water sector and how Rotoplas, where he is CFO, is investing across the region by providing practical, decentralized water solutions. Before the interview, Eduardo and Damian discuss the 2026 outlook for Mexico’s financials, energy, and mining sectors. We look at the impact of fintechs on lending and deposit rates, question Pemex’s ability to
51. Autos, USMCA 2026 and Mexico’s Sector Outlook
This week we interview Odracir Barquera, Head of the Mexican Automotive Industry Association (AMIA), on the negative impact of US tariffs on Mexico’s automotive industry in 2025 and how the 2026 USMCA review could unfold for what is the most important sector in Mexico’s economy. The review could either cut current tariffs and ease uncertainty in a best-case scenario or worse-case cement the curren
50. Human Capital & Education, 2026 Outlook, Air Merger and Televisa Ownership Shuffle
To restart our weekly podcast, Damián and Eduardo speak with Michael Fung, a leading expert in human capital, education, and skills development at Tecnológico de Monterrey. He shares his assessment of how Mexico is performing in these areas—and the challenges and opportunities that artificial intelligence brings to education and the workforce. Damian and I also discuss the outlook for the Mexican
49. Classical Music, Monterrey Smog, 2025 Highlights and Bread Wars
For our Christmas special, we interview Carlos Miguel Prieto, renowned Artistic Director of the Orquesta Sinfónica de Minería, about the business and current state of classical music in Mexico. We also speak with Verónica García de León about the smog crisis in Monterrey: what’s driving it, and why it persists. To kick off, Eduardo and I discuss Mexico’s 2025 corporate and market highlights, from
48. Inside MIP’s Rise, Behind HBO’s Chespirito, Alsea’s New QSR, and the AT&T–Televisa Plot
Jaime Guillen, co-founder and partner at Mexico Infrastructure Partners (MIP), joins us to explain how the firm became the country’s largest infrastructure fund, the strategy behind its landmark Iberdrola acquisition, and where MIP is heading next, from energy and digital infrastructure to industrial real estate and international expansion. For a sector that usually works under the radar, this is
47. Binance’s Mexico Bet, Duncan Wood on USMCA Hearings, Bimbo at 80, and the 40-Hour Week Ahead
MexMoves interviews Salvador Rivero, the new Country Head of Binance Mexico, who lays out what the world’s largest crypto exchange plans to do in the country. We also speak with US-Mexico policy expert Duncan Wood for his take on the USMCA hearings in Washington — what’s at stake and what 2026 US trade outcomes are realistic for Mexico. To kick off Eduardo and Damian as always dig into the main co
46. Banco Azteca Opens Up; Treviño on Mexico’s Leadership Gaps; Protests Hit Highways; Fibra NEXT Follow-On
Join us for a deep dive with Banco Azteca Chairman Alejandro Valenzuela on how Azteca really makes its money, why cash still refuses to die, and why a phygital model is the way forward for Mexican banks. Javier Treviño shares leadership lessons from his new book Silos, celos y círculos íntimos and what a more ethical, less “clubby” business culture in Mexico could look like. Eduardo and Damian bre
45. AI for Mexico Logistics, Gold Mine Drama, Mexico Rises to #1 US Buyer, Esentia IPO, ASUR Buys Big
Desteia’s Diego Solórzano explains how real, operator-focused AI tools can ease Mexico–U.S. logistics bottlenecks. Journalist Steve Fisher recounts the unlikely recovery of a gold mine in Sonora that many had written off, detailing the operational, financial, and human factors behind its revival. We discuss Mexico surpassing Canada as America’s top export market for the first time, driven by tight
44. Plata’s CEO on 2M+ users and a $3B valuation; CDMX and U.S. sports teams; Esentia’s gas-pipeline IPO; and what Kimberly-Clark’s Kenvue deal means for Mexico.
We talk with Neri Tollardo, Plata’s co-founder and CEO, to understand how the fintech rocketed from zero to more than two million users and a $3 billion valuation in just over two years. We also explore the pros and cons of Mexico City as a potential home for U.S. sports teams, the stakes behind Esentia’s planned gas-pipeline IPO as Mexico and the U.S. both benefit from the decade-long boom of gas
43.KIO on Mexico’s data-center opportunities; Natixis on local asset-management plans; GAP-CBX merger; ASUR bid for South American airports; Aeromexico prices IPO
Octavio Camarena, CEO of KIO, Mexico’s leading local data-center company, talks to us about the company’s ambitious expansion plans, power bottlenecks, and why a successful data-center build-out is relevant to Mexico’s AI competitiveness. Then French-owned Natixis explain their local asset-management push, driven by rising savings and pension assets. Eduardo and Damian analyze GAP’s purchase of CB
42. Uber Mexico Heads Explain Strategy, Revolut CEO on Mexico Opportunities, U.S. Route Bans Hit Mexican Airlines, the Debate Over Credit Card Fees, and Mercado Libre Outperforms Oxxo and Walmex
This week on MexMoves, Uber’s top Mexico executives break down their strategy and why the country has become one of Uber’s biggest global markets. Juan Guerra, CEO of Revolut Bank Mexico, discusses how the fintech will be adapting its European model to Mexico (ie, credit will be a bigger part of the story). We examine the U.S. route bans hitting Mexican airlines, the government’s controversial pla
41. Finsus: Mexico’s Profitable Fintech — Plus Aeroméxico’s IPO; GE–Xignux’s $5.3B Prolec Deal; Insurer VAT Truce, GM Mexico Tariff Boost; and Revolut’s Long, Long-Awaited Launch
This week we interview Sebastián de Lara, Chief Regulation and Expansion Officer at Finsus, one of Mexico’s few profitable fintechs, to explore its path toward regulated scale. We then preview Aeroméxico’s upcoming IPO, highlighting its impressive post-COVID recovery powered by higher fares and sharp efficiency gains. In M&A, GE Vernova’s $5.3 billion purchase of Xignux’s remaining 50 percent
40. HR Ratings on Mexico & the U.S.; Mexico Tech Week; Mercado Libre Fights New Tax Rules; Plata Valued at $3.1 B; Orbia Jumps on Divestiture Rumors; and AFORES Keep Growing
We interview Pedro Latapi, CEO of HR Ratings, on the firm’s growth in Mexico and now the U.S. and its rating outlook for both markets. Bernardo Cordero, founder of Mexico Tech Week, joins to discuss Mexico’s startup and tech ecosystem. Plus: Mercado Libre challenges the government over planned withholding taxes on third-party sellers, Orbia jumps on divestiture rumors, Plata’s valuation climbs to
39. Mexico Dealmaking, Arbitration & Amparos; Chico Pardo Wins Banamex; Bitso Rolls Out Free U.S. Stock Trading
We interview Jean-Michel Enríquez, partner at Creel, García-Cuellar, Aiza y Enriquez SC, on the impact of the judicial reform on dealmaking, arbitration as a workaround, the amparo debate, and the business of corporate law in Mexico. Eduardo and Damian cover Chico Pardo’s apparent win over Grupo México in the battle for Banamex; potential disruption in the brokerage market after Bitso’s move to of
38. Mexico & Robots, Capital One Bets on Mexico Nearshoring, Slim’s Pemex Ties, and the $100K H1-B Visa Twist
Nikolaj Lippmann, Latin America equity strategist at Morgan Stanley, explains how realistic it is for Mexico to develop a domestic robotics manufacturing industry over the next decade. What policies would the government need to implement to attract investors? Could the USMCA help—or hinder—Mexico’s chances in this growing sector? Capital One’s investment plans in Mexico, not in finance, but in tec
37. BanCoppel’s New Retail Strategy, Data-Center Power Constraints, Chico Pardo’s 25% Banamex Controlling Stake, and Slim’s Rail Contract Wins
Estephany Ley, Head of Retail Banking at BanCoppel, lays out the bank’s strategy to broaden its client base and product offering—from its traditional retail financing to car loans, credit cards, mortgages, payroll loans, and more. She argues that branches, scale, trust, and technology working together will prove a winning formula. Daniela Dib explains how Querétaro is booming for data centers, but
36. VEMO’s Clean Mobility Bet Amidst Rising China Tariffs, New Femsa CEO, Herdez Spins Off Nutrisa, Cross-Border Logistics, and Aeroméxico–Delta JV Blow
This week on MexMoves, we speak with Roberto Rocha and Germán Losada, Co-Founders of VEMO, the Riverstone-backed Mexican clean mobility startup, about their recent US$250 million equity raise and the company’s rapid growth in EV leasing and infrastructure. We also ask about the threat to VEMO of increased tariffs on Chinese EV imports — subsequently confirmed.René Lankenau of Whitepaper breaks dow
35. Didi’s Daring Mexico Bet, Klar Grabs Bineo, Esentia Energy Readies IPO, Mexico’s 2026 Budget & Tariffs on China, and Amazon Backs Rappi
This week on MexMoves we interview Sigfried Eisennmeier from DiDi on the company’s remarkable expansion in Mexico, with context from Whitepaper’s Daniela Dib. Eduardo and Damian look into Klar’s acquisition of Banorte’s digital bank Bineo, the upcoming Esentia Energy IPO, and Mexico’s decision to impose tariffs of up to 50% on imports from countries without free trade agreements such as China and
34. Mexico’s New Competition Rules, Kapital’s $100mn raise, Soda Tax Rumors, BIVA’s NYC Day, and Pemex’s Non-Fracking Fracking
We interview Alejandra Palacios, former president of COFECE, for a clear-eyed take on Mexico’s new competition framework - one that may not end up as bad as first feared. We also speak with Fernando Sandoval, CFO and cofounder of Kapital, on how a small and mostly unknown fintech has quickly grown into a regulated bank now reportedly valued at $1.3 billion, fresh off a $100 million raise and the a
33. IMCO’s Moy on Mexico’s Economy — Plus Tariffs on China, Nutrisa’s Listing, and Bitso’s Stablecoin Bet
In this episode, we sit down with Valeria Moy, director of Mexico’s leading think tank, the Mexican Institute for Competitiveness (IMCO), for a reality check on the government’s plans to jumpstart the economy. We also break down reports on possible Mexican tariffs against Chinese imports—from cars to textiles. Plus: Nutrisa’s push to list shares on the Bolsa, the latest on Fibra NEXT, and how cryp
32. U.S.–Mexico Business History with Andrew Paxman; JAC and Giant Motors with Daniela Dib; McCormick–Herdez Deal, and Mexico’s Banking Shake-Up
In this episode, we interview academic Andrew Paxman on the history of U.S.–Mexico business ties. Daniela Dib of Whitepaper discusses how the JAC/Giant Motors alliance is emerging as an attractive model for making affordable EVs in Mexico. We break down McCormick’s $750M deal with Herdez and its impact on the food sector, analyze the banking shake-up involving Intercam, CIBanco, Kapital, and Multi
31. New telecom rules, Western Union swallows main remittance competitor, Banamex possible control change ahead of IPO, and Adidas in hot water over Oaxacan shoe
As Mexico moves to dismantle its telecom regulator, we speak with Ernesto Piedras — one of the country’s leading consultants and experts on the digital economy — about what’s at stake. We also cover Western Union’s purchase of rival Intermex, the fallout for Mexican beverage giant Cuervo from Canada’s rejection of U.S.-made spirits, the potential takeover of a controlling stake in Banamex by Chico
30. AmCham’s Carlos García on USMCA Outlook; Raúl Livas on Pemex Rescue, plus AT&T’s Rumored Exit, Walmex CEO Change, MELI’s Strong Mexico Results and more
We interview Carlos García, President of AmCham México, to discuss the current state of U.S.–Mexico business relations heading into the critical 2026 USMCA review. We also speak with Raúl Livas, former COO of Pemex, who breaks down the government’s new rescue plan for the struggling oil giant. In the headlines: AT&T is said to be looking to exit Mexico after sinking over $10 billion into its m
29. Will Mexicans Eat Chipotle? Inside Alsea’s Recipe for Growth — Plus Live Nation’s Latest Mexico Play, ASUR’s U.S. Pivot, and a Tariff Deal Delayed Again
This week on MexMoves, we talk with Gerardo Lozoya of Alsea to explore what’s driving the restaurant group’s strong momentum — and how it plans to grow Chipotle in Mexico, now as its local operator. We also break down strong 2Q GDP figures; Live Nation’s $646M additional investment in OCESA, its majority-owned live entertainment arm in Mexico; Liverpool’s Nordstrom strategy; ASUR’s U.S. airport pi
28. Mexico's Private Hospitals Scale Up, Fibra NEXT Debuts, Iberdrola Quits, Autos Struggle
We chat with Eduardo Verboonen Khoury, Co-President of Hospitales MAC, one of Mexico’s fastest-growing private hospital groups. He shares how rising middle-class demand, under-resourced public healthcare, growing U.S. medical tourism, and underserved regional cities are fueling the expansion of private hospitals in Mexico.Plus, we break down the Fibra NEXT IPO, Iberdrola’s rumored exit, Pemex’s re
27. Mexico’s AI Moment, More Tariff Turmoil, and Gentrification Fights in CDMX
This week we discuss AI adoption in Mexico with Julián López Portillo, CEO of Senzai, and Mauricio Sepúlveda, CEO of Arkham Technologies—two tech founders shaping the future of AI in the region. On the sports front, we evaluate the Liga MX ownership changes, including Querétaro FC’s sale to U.S.-based Innovatio Capital and Atlas FC’s pending divestment, as FIFA cracks down on multiple team ownersh
26. Why Wall Street is Bullish on Mexico — while Lithium Flops, Fuel Smugglers Under Pressure, and Cancun Slumps
This week on MexMoves, we sit down with Gabriel Casillas, Chief Latin America Economist at Barclays, on why Mexico’s economy is stronger than you think. From a 10% peso rally to GDP estimates nudging up and cooling rates, Casillas breaks down the drivers — and what could come next. Plus: delays in US sanctions on three banks, lithium letdowns, Mercado Pago’s new app, cartel-fueled fuel fraud, and
25. Stress Test for Mexico’s Banks, More Fintech Raises, and BYD Prefers Brazil
This week, we speak with Ricardo Cacho at top Mexican law firm Von Wobeser y Sierra to unpack the fallout from U.S. sanctions on CI Banco, Intercam, and Vector. Plus: More News from FIntechs Klar, Plata, and Nu; BYD freezing Mexico plans Giant Motors’ JAC Mexico EV bet, and Mexico’s cargo theft crisis.Try Whitepaper 30 days free
24. Dollar Stores, U.S. Treasury Accuses Mexican Financials, Tariff Deal, and Sports TV Shifts
Dollar stores are gaining ground in Mexico’s retail landscape — and the latest player is JOi Dollar Plus, a Canadian venture tapping into the growing demand for single-price items. We speak exclusively with Rahim Bhaloo, the founder and executive president behind the brand. Also in this episode: the U.S. Treasury Department accuses three Mexican financial institutions of involvement in money laund
23. Can New Rules Revive Mexico’s Energy Sector? Meanwhile, Fibras (Mexico’s REITs) are staging a comeback, with one newly listed and another in the pipeline. Plus: regulators turn up the heat on Telcel and Oxxo
Mexico’s energy demand is rising fast — but will recent regulatory changes be enough to reignite investor interest? We speak exclusively with César Hernández, former Deputy Electricity Minister, and José Antonio Aguilar, founder and managing partner of wind-power company Vive Energía, to assess the sector’s prospects. Also on the show: one large new Fibra has already just listed (FIEMEX), another
22. Educating Mexico: Failure fuels deeps problems and some opportunities. GM pulls back from Mexico, and U.S. Hispanic consumers feel the squeeze
How can Mexico close its yawning education gap? We speak exclusively with Aurelio Nuño, ex-Education Minister, and Juan Rebolledo of Lotus Education,to explore what’s at stake and what can be done. Then: GM pivots future production from Mexico to US; Heineken Mexico talks up investment plans; and Hispanics in US pull backTry Whitepaper 30 days free
21. Mercado Libre’s Mexico Gameplan — Plus Remittance Slide, Baseball's Growth, Xinfra’s Capital Raise, & Prestamo Not So Feliz
This week on MexMoves, we sit down with Leandro Cuccioli, SVP of Mercado Libre, for an exclusive look at how Latin America’s e-commerce giant plans to keep growing in Mexico — across e-commerce, logistics, and finance. We also dive into: a sharp drop in April remittances and a surge in crypto-powered transfers; Infra REIT Xinfra’s $270M raise to expand into power; mounting trouble at SOFOM Préstam
20. Mexico’s Economic Outlook; Edtech Bets, US FinTechs extending microcredit
On this episode of MexMoves, we look at what’s in store for Mexico’s economy in the second half of 2025 with Miriam Acuña from GBM. Andrés Benavides, founder of Cometa, shares how edtech can help Mexico’s private schools improve operations & collections, and focus on teaching. We also break down the top stock market winners and losers of 1H25, why U.S. fintechs are doubling down on microloans
19. Biotech Hits the Fields: Mexico’s Farms, Nissan’s Future & Remittance Risks
This week, we sit down with Dr. Andrey Zarur, CEO and founder of Boston-based GreenLight Biosciences — maybe Mexico’s most accomplished scientist turned entrepreneur. We explore how his company is applying biotechnology to Mexican agriculture to boost productivity and food security sustainably, and why he believes Mexico has the potential to become a pharmaceutical powerhouse.Also in this episode:
18. Viva Aerobus’ secret sauce for low-cost flying, optimism around Plan Mexico, and takeaways from the banking convention
This week on MexMoves, we sit down with Juan Carlos Zuazua, CEO of Viva Aerobus—Mexico’s fastest-growing low-cost airline—to learn what it really takes to run an airline, one of the most challenging businesses out there. Alex González Ormerod shares why he’s optimistic about the Mexican economy under President Claudia Sheinbaum’s Plan Mexico. Plus, Damian and Eduardo break down the highlights from
17. Health Nearshoring, China's Quiet Rise in CDMX, and Mexico’s Shorter Workweek
This week on MexMoves, we speak with Bismarck Lepe, founder and CEO of MiSalud Health, about how Mexico’s doctors are successfully treating both Mexican-American and Mexican patients through digital platforms, sharply bringing down costs and improving health outcomes. Daniela Dib explains why so many Chinese professionals are now based in Mexico City. Plus, Eduardo and Damian break down Elektra’s
16. Mexico’s Water Crunch, Q1 Corporate Pulse, and telco law fight
In this week’s episode, we tackle Mexico’s growing water crisis, interviewing Cole Frates, Co-Founder of Renewable Resources Group (RRG), on opportunities for agricultural water innovation, and Rosario Sánchez of Texas A&M on the challenges of meeting the 1944 U.S.-Mexico water treaty. We also break down Q1 earnings from top Mexican companies—highlighting soft growth among consumer names, risi
15. Lucha Libre Goes Global: WWE & Fillip's Big Bet, Chipotle’s Alsea Deal, and trouble at CAME Popular bank
Lucha Libre AAA goes global as WWE and Fillip take the reins. Exclusive interview with Bárbara González Briseño, co-CEO of Fillip, on the strategy behind the Lucha Libre acquisition. Chipotle teams up with Alsea to conquer Mexican fast casual. CAME’s apparent collapse puts SOFIPO regulation under the spotlight. We also unpack how CDMX is turning into a cultural and business beaconTry Whitepaper 30
14. Kavak Cut, Nu Approved, Fuel Seized: Mexico Eyes U.S. Real Estate
In this episode, we dive into Nu Mexico’s new full banking license, the sharp valuation cut at Kavak, and Arca’s latest corporate venture foray. We also unpack Mexico’s crackdown on fuel smuggling from the U.S. To close, a candid interview with Agustín Barrios Gómez on why Mexicans are investing in U.S. real estate and how growing up bicultural shapes his view of Mexico-U.S. convergence.Try Whitep
13. Tulum Busts, the New Mexican Consumer, and (yet) more on tariffs
Today’s episode kicks off with the latest on tariffs, followed by a look at fracking and unlocking value with Herdez and Alfa. Next, Circana’s top LatAm executives share insights on Mexico’s latest consumer trends. We wrap up with Andrea Navarro from Bloomberg and lawyer David Connell discussing Tulum real estate scams — and how to avoid them.Try Whitepaper 30 days free
12. Mexico Equities Outlook, GDP Growth Cuts, Slim’s Succession Plans, WalMex Day, Banorte's Bineo failure
This week, we speak with Gordon Lee, Partner at BTG Pactual, about the outlook for Mexico’s equity market amid macro headwinds and opportunities. Plus, Eduardo and Damian unpack the latest GDP growth downgrades, Alfa’s drawn-out but successful value-unlocking process finally nearing its end, takeaways from WalMex’s investor day, Banorte’s Bineo blow-up, and Carlos Slim’s rare comments on successio
11. Mexico Through the Eyes of U.S. Business
We hear from Pedro Casas of AMCHAM about how U.S. businesses are navigating Trump’s tariff risks, and assessing Mexico’s long-term growth potentiaol. Also: Sarah Hayden from Aviva tells us what it is like for an American to work in CDMX: Farmacias Similares enters the U.S. market, and a major US bank warns a Mexico recession is all but inevitable.Try Whitepaper 30 days free
10. Mexico’s Investment Banking Challenges, New Energy Laws, Growth Downgrades
We discuss Mexico's latest energy counter-reforms, financial inclusion, and the investment banking outlook with insights from the Head of 414 Capital, a financial advisory firm in Mexico.Try Whitepaper 30 days free
9. Highs and lows of Mexican farming; tariffs; and new finance minister
We explore the Mexican agricultural sector’s highs and lows, the impact of Trump’s steel tariffs on industrial exports , and what the change in the new finance minister means for the private sector.Try Whitepaper 30 days free
8. Mexico’s VC Landscape: Booming or Bust?
We explore the state of venture capital in Mexico with an interview with Federico Antoni of HI VenturesTry Whitepaper 30 days free
7. Shopping & Streaming: Mexico’s E-Commerce Battle and Netflix’s $1B Bet
Since the COVID-19 pandemic, e-commerce in Mexico has surged. We speak with Gloria Canales from retail giant Coppel to get a broader perspective. Meanwhile, with Netflix pledging a $1 billion investment in Mexico over the next four years, is the country’s film industry prepared for the opportunity? Listen to Rodrigo Sebastián González, co-founder of one of Mexico’s top film production companies,
6. From Mexico With Love: Mexican Entrepreneurs Winning Big in America.
Damian Fraser and Eduardo García discuss some Mexican entrepreneurs living in the United States who have stood out for their leadership in executive roles or for creating very successful businesses, such as Pablo Legorreta, CEO and founder of Royalty Pharma, Daniel Lubetsky, who made a fortune selling his healthy snack bar brand Kind to Mars, and Andrei Zarur, founder of Greenlight Biosciences, wh
