Banxico Publishes Rules to Boost Digital Payments, Bank Accounts

Mexico's central bank has introduced new regulations aimed at simplifying digital payments and raising deposit limits for small businesses, signaling a push to reduce reliance on cash. These changes reflect the government's broader strategy to modernize financial transactions and boost economic efficiency. By encouraging digital payments, the country aims to mitigate issues associated with cash handling, including crime and tax evasion, while fostering a more robust digital economy.