Mexican Banks Urged to Accelerate Digital Shift Amid Slow Credit Growth

At the 89th Banking Convention, Mexico's banking sector was praised for strong profits but criticized for sluggish credit growth and limited SME inclusion. Moisés Chaves, Bankaool's president, called for an urgent digital transformation to reduce cash dependency and improve financial inclusion. The sector now faces pressure to enhance digital infrastructure and regulatory compliance to drive sustainable economic growth and broaden customer access.