Puerto Vallarta News

Puerto Vallarta News

Mexican central bank in talks with Amazon about new mobile payments

Mexico’s central bank is in talks with Amazon.com Inc to launch a new government-backed mobile payment system that would allow consumers to pay for online purchases using QR codes, the bank’s head of payments said.

It would be the first time the world’s largest online retailer offers such scanning technology in Mexico and could eventually open a new customer base in a nation where more than half of the population has no bank account.

The payment system, known as CoDi, is being built by central bank Banco de México, known as Banxico. CoDi will . . .

Read Full Story

Related Posts

Mexico Denies Joint Operations, Halts New US Agent Permits

Mexico Denies Joint Operations, Halts New US Agent Permits

Mexico’s government says it won’t authorize any new U.S. agents, denying any joint operations and...
12 Mexico City Neighborhoods Dominate New Apartment Construction

12 Mexico City Neighborhoods Dominate New Apartment Construction

In Mexico City, new apartments are mostly built in 12 central neighborhoods, widening the gap...
Cartels Drive Out Indigenous Communities for Gold and Timber

Cartels Drive Out Indigenous Communities for Gold and Timber

In Chihuahua’s Sierra Tarahumara, organized crime groups are forcing Indigenous families off their land to...
Mexico October inflation

Mexico Inflation Ticks Up to 3.79% in January

Mexico’s annual inflation was 3.79% in January, up from December’s 3.69%. Core inflation hit 4.52%,...