On Wednesday, the Mexican government inched closer to passing a law that would begin the process of phasing out cash payments and requiring digital payments.

The “Digital Economy Law” was first introduced by President Claudia Sheinbaum in early September and has since moved rapidly through official commissions and the Chamber of Deputies. Most recently, on October 14, the bill passed out of two Senate commissions and now awaits a full Senate vote in the coming weeks. [Read More]