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Mexicans’ Addiction to Cash Gains Strength

Summary by Vanguardia
Despite the efforts of the financial authorities and the banking sector to digitize payments, Mexico remains an intensive country in the use of cash, due to factors that include the informal economy and frauds in the financial system, according to specialists.They warn that this is used by criminal organizations to launder assets derived from illicit activities that allow them not to be identified.Data from the Bank of Mexico (Banxico) show that…
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Despite the efforts of the financial authorities and the banking sector to digitize payments, Mexico remains an intensive country in the use of cash, due to factors that include the informal economy and frauds in the financial system, according to specialists.They warn that this is used by criminal organizations to launder assets derived from illicit activities that allow them not to be identified.Data from the Bank of Mexico (Banxico) show that…

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Vanguardia broke the news in on Sunday, March 15, 2026.
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