Binance has introduced its new entity, Medá, in Mexico, aiming to drive fintech innovation. The project includes an investment of over 1 billion Mexican pesos (53 million USD) planned for the next four years, enhancing digital service access in Mexico’s large population.
Medá will function independently as an Electronic Payment Funds Institution. This operational autonomy, regulated by Mexican authorities, aims to set best practices within the financial sector, fostering healthy competition that ultimately benefits consumers.
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