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A tiny town with no banks gets electronic banking

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Santiago Nuyoo in Oaxaca, Mexico, has less than 2,000 residents and no bank. But it offers solid evidence that an unbanked community can still access financial services. Under a partnership between the government-owned telecommunications company Telecomm -Telegrafos, Banorte (the country’s largest Mexican-owned bank) and MasterCard, Santiago Nuyoo now has easy access to a financial network. […]
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