MULTIRED Banking Alliance Saves Clients Millions

The MULTIRED banking alliance has saved clients over $1.46 billion in two years, significantly enhancing accessibility and services across Mexico. Recent developments in electric vehicle initiatives and infrastructure recovery efforts are also noteworthy.


MULTIRED Banking Alliance Saves Clients Millions

MULTIRED is an alliance of six banks that represent 22% of the assets of the banking system and 26% of the credit portfolio in Mexico, according to information from the National Banking and Securities Commission (CNBV). Among the banks that make up this alliance are HSBC Mexico, Scotiabank, BanBajío, Inbursa, Banregio, and Mifel.

In related news, the electric car company Zacua, led by Nazareth Black, received representatives from the Olinia Project, a Mexican electric mobility line. This visit focused on exploring possible collaborations to manufacture and market electric vehicles for personal and cargo use.

Regarding MULTIRED, the shared ATM alliance has generated significant savings for its clients, exceeding $1,460 million pesos in two years. This initiative has facilitated more than 60.7 million transactions at over 9,400 ATMs of the six participating banks.

On the other hand, the Michelin tire plant in León, Guanajuato, has managed to operate with 90% renewable energy, reducing CO2 emissions by 96%. The company is open to collaborations with projects like Olinia and is working on expanding its operations in Mexico.

In relation to road connectivity, the Autopista del Sol continues to face problems, especially on the Viaducto Diamante, which has remained in poor condition since its expropriation nearly two years ago. Despite announcements of investments for the recovery of Acapulco, this roadway is still not rehabilitated, putting the safety of users at risk.

Guerrero faces challenges in road infrastructure, affecting mobility and tourism in the region. The lack of definitive solutions on roads like the Viaducto Diamante represents a threat to motorists, especially with the rainy season approaching.

In the financial field, the sofipo Libertad, led by Silvia Lavalle, reported a total portfolio growth of 6% by the end of 2024, highlighting a 15% increase in the consumer portfolio. The company reported positive figures in net profit for the second consecutive year, consolidating its market position with more than 2.3 million clients and solid operational performance.