Attention Travelers! Mexico has Changed the Exchange Rules for US Dollars

By: Lisa Coleman

We have had a number inquiries about the “peso situation” and we recently received a short, yet official statement from the tourism board listed below.  It appears the rumors are true.  We are not sure of how it will all work, and we don’t have details from hotels either. Bring your debit card and use ATMs – just keep in mind the $ sign is the same for pesos and dollars, but the rate you are seeing on the screen is in PESOS. We will keep up on this and post as we get reports.

September 13, 2010
In order to regulate the quantity of dollars entering the Mexican banking system, beginning September 14, 2010, the Mexican government will cap the amount of dollars foreigners can exchange for pesos in Banks & Money Exchange Establishments to no more than US$1,500 per month.
The measure WILL NOT AFFECT purchases made with credit cards or debit cards in Mexico.
The measure WILL NOT AFFECT the amount of CASH (in Mexican pesos) an International Tourist can withdraw from an ATM machine on a daily or monthly basis.
It is recommended that all travelers bring Mexican pesos as well as their credit and/or debit cards to minimize any inconvenience the exchange cap at banks may cause.



America Movil Aims To Launch 4G in Mexico

America Movil plans to launch 4G mobile services (LTE likely) in Mexico with recently acquired wireless spectrum earlier this month.

"We don’t know exactly when, but we are reviewing when it would be good for [Mexico unit] Telcel to start putting in that infrastructure. It would be an alternative to increase the data side of our business, which is growing a lot," Chief Executive Daniel Hajj said during a conference call to discuss the company’s second-quarter financial result, according to Dow Jones Newswires.

Earlier this month, Telco submitted the highest bids for 21 blocks of 10MHz in the 1710MHz-2170MHz frequency band, offering to pay $297 million. Telecommunications regulator Cofetel has 30 days to announce the final winners.

America Movil’s closest rival, Spain’s Telefonica bid MXN4.13 billion to obtain the spectrum it needs to launch a nationwide 3G network. America Movil has about a 70% market share and already providing 3G services.

 In 2007 and 2008, America Movil deployed 3G networks in nearly all of its markets in Latin America to provide wireless broadband. America Movil had 211.3 million wireless subscribers in 17 countries in the Americas at the end of June.


Latin America ‘lagging’ in ICT use

María Elena Hurtado


6 April 2010 | EN | ES | 中文


Jamaica’s ICT performance has improved since the 2001–02 report


Information and communication technologies (ICTs) have been lagging in Latin America and the Caribbean, according to a major report.
Just four nations from the region featured among the top 50 of 133 countries in the ‘Global Information Technology Report’ rankings. The report — published annually by the World Economic Forum — assesses the impact of ICTs on countries’ development and competitiveness.  
It ranked the 133 countries according to a ‘Network Readiness Index’, which measures how prepared a country is to effectively use ICTs in economic, environmental and social contexts.
The highest ranking countries in Latin America and the Caribbean were Barbados (35), Chile (40), Puerto Rico (45) and Costa Rica (49). Brazil remained at 61, whereas Mexico and Argentina "seem to be losing ground" ranking at 78 and 91, respectively, the report said.
Countries in the region that show most improvement since last year include Colombia, Panama and Uruguay; but Jamaica and Guatemala, alongside Colombia, show most improvement since the 2001–2002 edition of the report.
Barbados is the region’s top performer because of "its ICT-conducive environment, especially the regulatory and infrastructure components, coupled with very high levels of individual usage," Irene Mia, co-editor of the report, told SciDev.Net.
Brazil’s performance is fairly good, Mia said. But it needs to overcome several weaknesses including "the quality of education, red tape and high ICT access costs — especially mobile tariffs, fixed broadband tariff and residential monthly telephone subscriptions".

Mexico fell eleven places from last year, its main weaknesses being overregulated markets and low ICT penetration rates, said Mia.

Néstor Bercovich, coordinator for the Information Society Programme of the United Nations Economic Commission for Latin America and the Caribbean, told SciDev.Net that all of the countries in the region need to do more regarding the spread and use of ICTs, especially broadband.

Of the developing nations, China, India and Vietnam have progressed the most in the rankings, with China and India jumping 9 and 11 places in a year respectively, to positions 37 and 43. Most Sub-Saharan African countries "trail behind the rest of the world in networked readiness" with only Mauritius (53) and South Africa (62) in the top half.

The report said that although ICTs performance is broadly correlated with income levels, there are exceptions, such as China, Gambia, Malaysia and Tunisia, that all rank higher than richer countries in their income-level group. 

Going for the Smartphones Market

 After the crisis of 2009, Sony Ericsson entered
the smart phone market (smartphones) to become stronger as a company with the
Xperia line, said Hervé Baurez, director of marketing for the firm in Mexico.

The company had to tighten their
belts during the year they decided to transition from multimedia equipment Cybershot
Walkman and developing new technologies for touch, just when many of the competitors
had already launched their products to market.

However, the company overcame
and opted for the touch functions and platforms such as Android, said the
graduate of the Universidad Anahuac, who was a designer for some time outside
the firm and today the area is the director of the firm.

When was Sony Ericsson born in
Mexico and how high?

Sony Ericsson was born nine
years ago in a joint exercise between Sony and Ericsson, one Japanese and one
Swedish, they decided to venture into the cell phone.
In Mexico, these are only first nine years with
Later they saw the business
opportunity, where each one could make proposals to the other for relevant
products that would spearhead, rather than investing every man for himself.

How is the outlook in the market
for smartphones?

The smartphones have gained
strength over the past two years and is a topic of cellular technology trend,
and we see the developments in computers and televisions in the cell phone was
the same with certain brands that brought innovative products, which began
the user to generate different
needs, from access to internet, download applications to play, edit, even to
have productive functions of office.

In this way, the company is
strengthened by working under the fastest growing operating system in recent
years as globally has reached a sales growth rate of 800%, according to
Canalys, a research firm and Research
technology industry.

When did they decide to raid
with "smartphones"?

In Mexico has risen to
prominence the issue of smart phones as we are a fairly advanced country,
because many supply and Sonny Ericsson took a while to come.
In 2009 we did not have any,
just because we were preparing this new Xperia line, where a platform was
selected to give us a table at the time of opportunity, enabling us to offer
you many options the end user.
Thus, our foray into the market
was until February this year.

Consumers are looking online
every day in all places without having to wait to get home and connect to the
computer to exchange experiences.

Do you think social networks and
online video has driven the sales of these phones?

I think it’s the reverse, ie,
applications like Twitter and Facebook generated a necessity because through
them you could regain contact with people who had long since you saw or that it
was difficult to contact and that has incredible potential, caused the
people overturned on the issue
of sharing personal information, but I think that smartphones and mobility were
the ones who ended up giving potential platforms.

Do you consider using different
platforms to Android?

Yes we have analyzed several
platforms and we are working with them earlier this year launched the Lively
who is the Symbian platform, towards the end of the year we will launch a phone
called Aspen under the Windows Mobile platform.


Reference: El Universal, Newspaper. Published on September 10th,
2010. Taken from:

211 business Centers are opened for SMEs in three years

Mexico, September 14 .- In Mexico we have sought a greater impetus to
the micro, small and medium enterprises through the "Mexico Emprende which
has not only been extended credit but also training centers and business

do this in the past three years opened 211 centers in 68 cities Emprende Mexico
and consolidated a network of 700 thousand financial and business consultants,
450 incubators and business accelerators 39 in Mexico and abroad.

 So far the current
administration, were detonated loans for more than 188 billion dollars, almost
four times more than what has been achieved in any other administration.
Additionally, reduced fees and increased amounts and terms to which it
offers financing, supporting conservation and generation of more than 3 million
355 000 jobs.

 Also to promote growth of SMEs
has generated a process of increased purchases of government enterprises in
this sector.
From the second half of 2009 and throughout
2010, offers a package of unique business opportunities for SMEs in an amount
exceeding 60 billion pesos.


Reference: El Financiero, México. Newspaper, Published on September 14th,
2010. Taken from:

23 Millions Of Pesos are channeled for projects in Coahuila

During the first six months of the year, the Ministry of Economy (SE)
through Fonaes, channeled 23.5 million of pesos for building and strengthening
social SMEs in the areas of high and very high marginalization of Coahuila.

   Rogelio Saldaña Wolff, representative in Coahuila National Support
Fund for Social Enterprises (Fonaes), explained why the investment by the
federal agency in the State in the first six months of the year, representing
53.5 percent of the total resources
invested during

resources have helped finance, to date, 172 social MSMEs generate more than 800
occupations in the interests of entrepreneurs Coahuila" he said.

   He said that nationally, Fonaes has channeled resources in the order
of a thousand 205 million pesos, which have helped finance more than five
thousand eight hundred social MSMEs in the country, which for the first six
months have generated and stored for more than 26 000 jobs.

   He said the
investment by the entity Fonaes only in the first six months of the year and
has financed 172 social MSMEs, representing an increase of 8.8 per cent of
social enterprises supported during 2009.

   Also supported
enterprises between January and June have been able to generate and retain 830
jobs among low-income entrepreneurs, specified.

   He explained that
in this sense, the resources allocated in Coahuila have impacted positively in
29 municipalities of the state, as Parras de la Fuente, General Cepeda, Ramos
Arizpe, Arteaga, Jimenez, Ocampo, San Juan de Sabinas, Muzquiz, Allende and
Matamoros, among others.

   "Among the
main productive activities supported by the state include tomato greenhouses,
sewing, laundry, machining, food handling, breeding and production of
livestock, cattle, sheep and goats, among others," he said.


Reference: El Universal, Newspaper. Published on September 14th,
2010. Taken from:

Credits of 26 thousand million of pesos will be granted to SMEs

The Ministry of Economy (SE) reported that grant credits for 26 billion
pesos to support Small and Medium Enterprises (SMEs) in the country in the
fourth quarter.

undersecretary of SMEs in the federal, Miguel Maron Manzur, pointed out that
the sector has had a very good recovery after the financial situation of the
last two years.

After inaugurating the Seventh
Regional SME Week 2010 in the city, estimated that by next year the prospects
look favorable, supported by a stronger domestic market.

He said that in the first eight
months of this year and are being allocated more than 46 billion pesos to
support some 45 000 SMEs.

hope to increase already in the last quarter of the year (credit) the auction
will be in the Guarantee Fund," he said.

stressed that "we hope to reach around some 70000-72000 companies and a
similar amount in millions of dollars awarded at the end of 2010."

The official said that the
automotive, food, metal-mechanic, clothing and textiles are those that have
reported a remarkable performance after the recent financial crisis.

the other hand, said the government procurement to SMEs in the country now
exceed 35 billion pesos, which has substantially benefited the sector.

Last year, he said, the program
purchases from SMEs was for 17 thousand 600 million pesos, and for fiscal year
2010 estimated to reach 46 billion pesos.

"From this we are already over
80 percent allocated to small and medium enterprises in the area of government
procurement, insurance and the total spend," he said.

He said that the federal
government’s commitment is to reach 35 percent of total government purchases of
Mexican SMEs by the year 2012.


Maron Mansour said "the moment we cover the 46 billion pesos for
this year 2010, we are in a little over 32 percent of government procurement to


Reference: El Universal, Newspaper. Published on September 9th,
2010. Taken from:

Alliance Created to Impulse Mexican SMEs

Through funding, special prices on computer equipment with the latest
generation and access to technological productivity suite, four leading
companies in their respective headings establish an alliance to support the
development and growth of
micro, small and medium

The primary objective of this
alliance is to support the Mexican SMEs to develop and enhance competitiveness,
profitability and productivity through a proposed comprehensive training and

The offer includes all computer
equipment designed for SMEs, with the most comprehensive portfolio of
specialized software market more competitive, which is adapted to the needs of
businesses and helps them to management and optimization of resources, cost
in time to process accounting and sales, as well
as the possibility of acquiring BBVA Bancomer funded through the Business Area
SMBs / business.

Rafael Frias, Director Business
Segment SME Bancomer, said that this alliance adds to the value-added services
offered to segment customers through Internet banking and, as in the rest of
these services are aimed
to facilitate and assist in the
development and growth of micro, small and medium enterprises.

Frias noted that, in addition to the
above benefits, these solutions may be paid in 12 months no interest with
Bancomer credit cards, bank programs handled by the eighties and have proven to
be great incentive for customers, as it
can enjoy the
goods and services from the time of purchase and cash them easily paid in equal

This initiative represents an
investment to help improve digital literacy and business with the aim of
bridging the digital divide that prevents SMEs can take advantage of technology
and use them to create new business opportunities.

"Our country is increasingly
integrated global economy, however, is a reality that micro, small and medium
enterprises still face significant challenges successfully in the
Hence, this partnership encourages and
bring the technology and access to credit as an enabler of development, to spur
the growth of this important sector, "said Peter CEREC, Director of Market
Expansion Intel Mexico.

Referring to the possibilities that
this alliance opens for SMEs participants, Jose Angel Morales, Director of
Strategic Developments Lanix, said: "Our company, in conjunction with
Microsoft, Intel and BBVA Bancomer have succeeded in giving life to a major
project to boost
permanent SME products through the most
advanced technology.
This project will integrate our line
of netbooks, laptops and personal computers with the latest processors and
software, to complement the services offered by BBVA Bancomer to SMBs.
As a Mexican company, Lanix is committed to providing technology
solutions to small and medium enterprises, knowing that access to technology is
an important factor to generate a positive impact on the country’s economy.

In order for companies with tools to
enable them to improve their daily operations and thereby increase their
productivity and competitiveness, Microsoft participates in this alliance to
provide software that comes included in each of the computers that are
distributed as a result
of this initiative.

In this regard, Carlos Sandoval,
Manager of National and Multinational Microsoft Mexico, said: "Through
this agreement of collaboration for SMEs, we will be working with our allies to
encourage this sector to increase their knowledge of culture
business and technology, improve their skills and abilities in the
proper use of technological tools, specialized in organization, administration,
financial management and staff.
Thus, companies will have
knowledge and productivity tools that enable them to improve their performance,
efficiency and the ability to retain and create new jobs. "

They agreed that both BBVA Bancomer,
such as Intel, Microsoft and Lanix, growth and development of the sector is a
priority, so they are committed to providing resources and tools for their
From this, the SME Business customers of
BBVA Bancomer, through the Business Area SMBs / business may
qualify for payment facilities and IT benefits that include digital literacy
online courses, as well as an affordable
technology solution, competitive prices and available financing schemes.


Reference: El Financiero, México. Newspaper, Published on September 8th,
2010. Taken from:


Mexican Government could cut resources to Prosoft

The government
is looking to boost the adoption process for the new Information Technologies
in enterprises so they receive benefits in competitiveness.


For next year, the program of supports for the development of software
industry (Prosoft) may have fewer resources, according to the draft budget
submitted by the Ministry of Finance, the estimate of 589.2 million pesos a
boost to the sector.

According to the newspaper Reforma, this amount is nearly 100
million pesos less, compared to 688 million during the year for 2010.

Under the proposal, with
this support the Government seeks to accelerate the process of adoption of
information technology in enterprises for the competitiveness of the Mexican
economy and the generation of at least 10 000 230 jobs.

Rogelio Garza, director general of the National Chamber of
Electronic Industry, Telecommunications and Information Technology, explained
that the lack of consistency of budget policy prevents the sector to plan
medium and long term.

Ernesto Piedras, Director of Competitive Intelligence Unit
consultant, said that the country is still at the stage of conviction of the
benefits of information technology (IT), when the international level is a
discussion overcome and push countries to accelerate their use
economic development.

Reference: El
Reforma, Newspaper. Published on September 10th, taken from:

Ydilo opens a new Office in México under Ydilmex Firm

Ydilo group
increases its presence in the Latin American market.


Ydilo group,
recognized supplier of multichannel services for Contact Centers, has opened an
office in México City in response to its international expansion plans. With
this new office under Ydilmex S.A. de C.V. firm, Ydilo group starts its walk in
the Latin American market.


Ydilmex opens
its doors in one of the most symbolic buildings in Mexico City, the Tower in of
the Ángel in Paseo de la Reforma. In front of the office, as General Director,
will be Sergio Carmona Francés, until now director of the Department of Contact
Center Solutions in Ydilo.


The company, which already has offices in Madrid, London, Las Palmas de
Gran Canaria, since 1999 has been offering advanced solutions for automated
multichannel voice, using the newest technologies, natural language
recognition, business intelligence and mobile multimedia applications. Large companies benefit from these services and
solutions that streamline the relationship with customers, obtaining a higher
degree of satisfaction, reducing operating costs and all backed by a tight
integration with corporate business processes. These solutions have been
recognized internationally for its dynamism, quality and level of usability. It
currently offers its services to telecommunications operators such as
Telefonica / Movistar, Vodafone, Orange (France Telecom) and ONO, to financial
institutions such as ING Direct and Banesto, and for the Spanish government
Spanish Airports and Air Navigation (AENA) and Directorate
General de
Tráfico (DGT)

"We find in Latin
America and especially in Mexico," said Sergio Carmona, "an excellent
opportunity to grow with those markets. The high number of potential consumers
and that positive economic growth in these countries, place our services in an
ideal setting to meet the high demand for user attention, while providing cost
savings to companies. "


Reference: Mundo-Contact, S.A. de C.V., Published on September 13th,
taken from: