Skip to content

Digital payment networks enhance financial inclusion in Mexico

November 17, 2014
70% of transactions in Mexico are made in cash - will more stores offering card terminals make a difference to both customers and business owners?

70% of transactions in Mexico are made in cash – will more stores offering card terminals make a difference to both customers and business owners?

In every corner of Mexico you will find small, family-run grocery stores that stock the basic essentials and provide a vital source of income for local communities.

But these traditional micro-businesses have suffered from increased competition in recent years, with four closing down for every larger format store that opens. This is a concerning trend, particularly in the more remote and under-developed areas of Mexico where economic opportunities are few and far between.

In a bid to support these small businesses, Mexico’s largest baked goods provider, Grupo Bimbo, is supplying them with mobile point-of-sale terminals that enable them to process electronic transactions for the first time…

Click here to read this feature in full at The Guardian.

Advertisements
No comments yet

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: