Mexico unveils measures to foster financial inclusion
Plan intends to promote digital payments, facilitate access to credit and deepen capital markets
Mexican authorities unveiled measures on January 8 to boost financial inclusion, reduce the use of cash through a new payments platform and increase liquidity in capital markets.
The measures have been jointly designed by the Bank of Mexico, the ministry of finance and the country’s banking association (ABM). They include the creation of a payment platform for mobile devices, as well as allowing workers to use payroll bank accounts to access credit with other institutions, and widening the
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