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Banking

19 July 2019
Federico De Noriega Cashless money transactions – Mexico's new payment method

Mexico - Hogan Lovells BSTL SC

Digital collection (CoDi) is the latest electronic payment method developed by the Mexican Central Bank, designed to reduce the use of cash and promote competition, while incorporating larger sections of the population into the formal financial sector. It seems that Mexico is moving forward in financial technologies, such as CoDi, and using these developments to promote larger inclusion, competition and transparency for every sector in the country.

Authors: Federico De Noriega, Carlos Romero
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