Mexico's central bank Banxico is piloting a nationwide QR code payment system:
This is an excerpt from a story delivered exclusively to Business Insider Intelligence Payments Briefing subscribers.
Beyond promoting financial inclusion, the system is also meant to crack down on issues like money laundering, tax evasion, and corruption throughout Mexico. CoDi will eventually be a mandatory payment system for all banks, Deputy governor of the Bank of Mexico Gerardo Esquivel said, also calling it"very important in terms of financial inclusion.
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