Journal Article
Mexico Seeks to Reduce Consumers' Longstanding Reliance on Cash
Abstract: Cash is king when it comes to completing transactions in Mexico. Unlike the U.S., where consumers opt to pay with debit and credit cards or via apps, Mexico and its large informal economy continue to rely on hard cash. A new digital payment platform from the nation’s central bank aims to reduce the role of currency.
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Provider: Federal Reserve Bank of Dallas
Part of Series: Southwest Economy
Publication Date: 2020
Issue: First Quarter