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Mexcio

The Mexican government wants to provide citizens (only a third of whom have bank accounts) with a service along the lines of M-PESA (M-PESO?). The service, called CoDi, will allow consumers to make P2P payments and pay in-store an online using QR codes. There is an issue, however, in trying to reach the unbanked by requiring them to open accounts with banks that they already have access to but don’t use.

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