Politics · Mexico · 53 mins ago

Sheinbaum says cash will remain, but gas stations may stop accepting it

Sheinbaum says cash will remain, but gas stations may stop accepting it

Mexico’s President Claudia Sheinbaum says cash will not be abolished under the new Digital Economy Law.

Cash will remain valid in shops and other businesses, while the government gradually encourages more electronic payments.

Sheinbaum said the government wants gas stations to stop accepting cash.

Digital payments could help track fuel from production or import through to sale and combat fuel theft and illegal imports.

The government also plans to promote electronic payments at toll booths, but says the change will be gradual and users will receive information.

The Bank of Welfare has a new app for making payments by phone without first withdrawing cash.

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What people are saying

Claudia SheinbaumPresident of Mexico
No, cash will not be eliminated. The number of digital payments will gradually be encouraged to increase.
via El Universal
In the case of gas stations, we do want cash to be eliminated completely.
via El Universal