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Her firm, with seed money from Techstars and Afore Capital, has a staff of about 20.

To cover the whole population with something approaching a ‘full wage,’ López Obrador’s program would have to increase the Afore pension fund by 2.5 times to meet the median wage, and then double it again to cover informal workers.

They also confirmed that the Torchlight Procession would return on 29 December, as well as the Night Afore Disco Party beneath Edinburgh Castle on 30 December.

Only a handful of banks partake in Mexico's pension offering, making the Afore unit an important part of Banamex's valuation.

"What we see is clients are absolutely interested in digital assets, broadly," BNY Mellon's Demissie said, speaking on a panel on cryptocurrency at Afore Consulting's 7th Annual FinTech and Regulation Conference.