Corner stores give low-income workers banking access in less than 5 minutes

A nationwide chain of convenience stores called OXXO has helped more than five million low-income Mexican workers get access to banking with simple digital accounts that can be activated in less than five minutes. The Saldazo accounts require no minimum balance, and cost less than two dollars to set up. More than 14,000 OXXO stores are participating in the scheme, which is run by Banamex bank.