Fintechs could take 30% of Mexican banking market

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With long queues, high fees and low cash machine coverage, Mexican banks have a reputation for poor customer service. A recent Gallup poll found that more than three in four customers were indifferent to, or unhappy with their bank.

This is creating an opportunity for new fintech — financial technology — challengers. They are focusing in particular on people who have not had access to banking services before.

Read the complete article at the Financial Times.

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