Mobile Money & Digital Payments Americas Comes to Mexico
On March 23-25, 2015, over 300 decision-makers including banks, mobile network operators, merchants and regulators will gather from across the American continents to share strategy and insight at the 6th annual outing of the thought-leading Mobile Money & Digital Payments Americas 2015 Conference and Expo. The event will be held at the Marquis Reforma Hotel in Mexico City, Mexico. CoinTelegraph is proud to be the official media sponsor of the event. Senior representatives from Interbank, Banamex, UNCDF, ASBANC Peru, GSMA, Digicel, Wells Fargo and Banco Central de Reserva del Peru will lead....
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Mexico has seen modest Bitcoin market penetration so far but has also avoided any condemnation or over-regulation by government. Bitcoin is seen as a digital asset and is not illegal to use in Mexico. 7-Eleven stores have taken Bitcoin under agreement and merchants are starting to hear about Bitcoin and accept it in larger metropolitan areas. This has created fertile ground for growth and innovation, and the newest application in Mexico may be the best and most useful. Called Volabit, it brings debit card convenience to smartphones in Mexico, making Bitcoin as easy to use as a peso.....
Cinco de Mayo 1862 - Mexico's army came to an unlikely victory over the French at the Battle of Pueblo. Today, Mexico's army of Bitcoiners are fighting to revolutionize the financial system. Mexico is a key market for Bitcoin because Mexico is the fourth largest destination for remittance payments, totaling about 22 billion USD in 2013 according to the World Bank. Currently remittance payments are packed with fees in all parts of the process; using Bitcoin can drastically reduce these fees. Remittance payment fees from the US to Mexico are some of the lowest in the world. Fees of payments....
Mexico-based airlines TAR Aerolineas has become the first in Latin America to accept bitcoin payments. The airliner will accept payments in the digital currency following a partnership between Openpay - a Mexico-based payment service provider - and payment processor BitPay. In a statement, Jose Calzadias, commercial manager at TAR, said that the company, which serves 12 destinations throughout Mexico, would continue to evaluate payment options that give
As one of the top global banks that has been flirting with Blockchain technology, CitiBank has announced the launch of a digital wallet that will provide its customers with an option for online, in-app and in-store payment needs. The launch of Citi Pay ushers the bank into the mobile wallet market, which is dominated by top brands like PayPal, Apple Pay and Samsung Pay. The wallet, which is the latest digital payments announcement from the bank, will first launch in Singapore, Australia and Mexico with tap and pay capabilities, and a global rollout will follow for customers as a digital....
According to the World Bank’s Global Financial Inclusion Index, Africa has the highest mobile money adoption rate in the world. Worldwide, only 2 percent of the population possesses a mobile money account; in Africa, 12 percent of the population uses mobile money. Africa’s affinity for mobile money is one of the main reasons why many members of the Bitcoin community believe that the region is fertile ground for bitcoin adoption, especially to meet the needs of the large underbanked population that often relies on mobile money to send and receive payments. However, the reality is that....