Mexico plans to eliminate cash payments at gas stations and highway toll booths by the end of 2026, shifting exclusively to digital transactions in a move aimed at modernizing the country’s payment systems and improving efficiency.
President Claudia Sheinbaum announced the initiative during a national banking convention, where officials said the transition will be gradual but mandatory. The policy is expected to mark one of the most significant changes in how everyday transactions are conducted in Mexico.
Under the plan, payments will be made through bank cards, electronic transfers and digital platforms such as CoDi and DiMo. Officials say the shift will help streamline traffic flow at toll plazas and service stations while reducing reliance on cash.
However, the transition presents challenges. About 80% of transactions in Mexico are still conducted in cash, and only about 30% of payments at gas stations are currently electronic, according to government data.
Limited access to banking services in rural areas could further complicate implementation, as many communities remain underbanked.
Federal authorities argue the move will also improve financial oversight by creating a digital record of transactions, which could help reduce informal economic activity.
As part of the effort, the government plans to expand access to banking services and make it easier for people to open accounts, with the goal of bringing more individuals into the formal financial system.
While the change will not take effect immediately, officials say the transition is expected to be irreversible once fully implemented.
