“Mobile payment startup Stripe Inc. began operations in Mexico, three weeks after after the launch of a similar central bank-backed system aimed at boosting the amount of digital payments used in the nation’s cash-heavy economy. Stripe, used by companies including Uber Technologies Inc., touts a key difference between it and CoDi, as Banxico-backed cobro digital is known: Its users can make and take payments worldwide. Distrust of established banks in Mexico is high, and remains one of the key obstacles to widespread CoDi adoption.”
Payment Startup Stripe Moves into Cash-Heavy Mexico After CoDi
Bloomberg
