Monday
March 25
2019

Mexico central bank says Uber, other firms interested in mobile pay system

By Stefanie Eschenbacher and Dave Graham

Various companies in Mexico, including Uber Technologies Inc., have shown interest in using a new mobile payments system developed by the country’s central bank that seeks to promote financial inclusion, the head of the bank said on Friday.

Banco de Mexico Governor Alejandro Diaz de Leon said in an interview with Reuters that the bank was seeking to educate companies about how the program could potentially be used.

Called CoDi, the platform would allow customers to make and receive payments through their smartphones free of charge.

Photo courtesy of lirneasia.

Source: Reuters (link opens in a new window)

Categories
Finance, Technology
Tags
DFS, digital finance, digital payments, financial inclusion, fintech, mobile money