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Fintech Revolution in Mexico: Redefining Consumer Expectations
By Perla Velasco - Wed, 04/24/2024 - 15:44
As the fintech revolution gathers momentum, traditional banks find themselves in a fierce competition to adapt to the evolving demands of consumers.
https://mexicobusiness.news/tag/banxico
More Finance & Fintech
No More Card Fees for Consumers: The Week in Finance
By Mariana Allende - Thu, 04/11/2024 - 10:00
The Mexican Chamber of Deputies has banned card commissions, and Mexico’s Central Bank joins the global tokenization efforts of Project Agora.
Preparing for the Future: Navigating a Historic Electoral Year
By Manolo Atala - Tue, 04/09/2024 - 11:30
2024 will be a good year for entrepreneurs who know how to read the signs and keep their eyes on their growth goals, writes Manolo Atala.
Banxico Joins BIS-Led Project For Safer International Payments
By Mariana Allende - Mon, 04/08/2024 - 08:11
Banxico has been chosen as one of seven central banks to take part in Project Agora to seek to tokenize digital currency, making it faster and safer.
Businesses in Mexico Banned from Imposing Card Fees
By Mariana Allende - Thu, 04/04/2024 - 12:36
The Congress has banned charging commissions for credit and debit card transactions for Mexican businesses.
Mexico's February Remittances Hit Record US$4.5 Billion
By Mariana Allende - Tue, 04/02/2024 - 15:22
Remittances reached a new historical peak for February in Mexico, but the growth rate was less pronounced compared to previous years.
Real-Time Digital Payments: The CoDi Case in Mexico
By Jaime Márquez - Tue, 04/02/2024 - 13:00
Real-time digital payments like CoDi represent a significant evolution in the global financial landscape, writes Jaime Márquez Poo.
Banxico Cuts Interest Rate to 11%, First Since February 2021
By MBN Staff - Fri, 03/22/2024 - 10:52
Banxico lowered the interest rate by 25 basis points to 11%, marking the first reduction since early 2021.
Mexico's FEIP Drops 88% Since 2018
By MBN Staff - Tue, 03/19/2024 - 13:02
Mexico's Stabilization Fund (FEIP) recorded a balance of MX$40.52 billion in 2023, an annual real contraction of 88.8% compared to 2018.
Fitch Ratings Adjusts Mexico’s 2024 Growth Forecast to 2.2%
By Mariana Allende - Thu, 03/14/2024 - 13:46
Credit rating firm Fitch Ratings has revised its growth forecast for Mexico in 2024 from 2.4% to 2.2% due to reduced investment