Financial Education for Adults and Children

The Association of Banks of Mexico (ABM) agreed in “general terms” on the need presented by the Bank of Mexico (Banxico) on financial education in the population, especially with users of bank loans.

This, after this Thursday the central institute presented the results of the study regarding the conditions of competition in the financial markets and that includes an analysis of the credit card market.

The ABM states in this regard in a statement that “in general terms shares the results of the document, in particular regarding the opening of the sector and the possibility of entry of new institutions to this market.”

To do this, they present the “Mi Banxico” tool, through which financial concepts are exposed so that they can be easily understood by adults and children.