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Mastercard Targets Mexico City, Where Cash Is King

Mastercard wants Mexico City to join major cities across the globe in taking its first step toward cashless public transportation. The company will introduce a contactless, transit-enabled debit card for Mexico City’s Metro, allowing riders to use a tap-and-go payment method tied to their bank account. But many residents don’t have bank accounts, and don’t have enough cash to get one.

Video by Ali Withers
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