Can Mexicans be weaned off an addiction to cash?
- Posted on August 19, 2026
- By Financial Times
- 1 Views
- 1 min read
Mexico's President Claudia Sheinbaum is championing a digital payments revolution to transform the country's heavily cash-dependent economy. This strategic initiative targets multiple socioeconomic challenges simultaneously: reducing tax evasion, diminishing corruption networks, and disrupting organised crime financing. By promoting electronic transactions and digital wallets among the population, the government aims to create a more transparent financial system. The shift represents a significant modernisation effort that could reshape Mexico's economic infrastructure while addressing security concerns linked to informal cash economies.
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