Amazon talks to Mexican central bank about govt-backed m-payments system

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Amazon talks to Mexican central bank about govt-backed m-payments system

The Mexican central bank is in talks with Amazon about support for a new government-backed QR code-based mobile payments service, according to Reuters.

As part of an effort to boost financial inclusion, Banco de México is already building the system, called CoDi, which will let Mexicans make online and in-person payments with their mobile phones.

With a pilot set to kick off this month, Amazon and Argentinian e-commerce firm MercadoLibre are already talking to the bank about adopting the system, says Reuters.

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