Profeco announces elimination of cashless bracelet sales for festivals
Iván Escalante, head of the Federal Consumer Protection Agency (Profeco) announced the end of the sale of cashless bracelets at festivals such as Vive Latino.
Due to complaints about additional charges and refunds , the official said that this payment method will no longer charge for its sale.
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At the People's Morning Press Conference, he stated that "we do not agree that you have to pay to consume, because this card has a price and, in addition, it is branded with the event logo , which means that they are also giving it promotion."
The head of Profeco stated that it was reviewed that "the bank that gives the brand to this system in festivals and events only acts as a sponsor, so we immediately called Ocesa and reached an agreement that the events and festivals in which they operate will no longer sell the Cashless device , will no longer charge a commission for preloading and will no longer charge a commission for cash return."
He said this was good news for the protection of people attending festivals and concerts.
@diario24horas ❌ Goodbye to cashless bracelets! ❌ Profeco agreed with Ocesa that its events will no longer require this payment method, after complaints about problems with refunds . . #photography #photooftheday #photoday #photo #edc #edcmexico #citibanamex #banamex #ocesa #cashless #pulceracashless #pulcera #mexico #cdmx #concerts #events #festivals #arre #festivalarre #vivelatino #vl2025 #tecateemblema #coronacapital #flowfest #profeco
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Among the events that used this payment system are the Mexico City Grand Prix, the 2025 Nascar Cup, EDC, Vive Latino, Tecate Emblema, Arre, Corona Capital and Flow Fest.
The head of Profeco stated that what was agreed with the company is that "the devices will no longer be sold, because there are some events, there will no longer be a charge for any pre-charge and there will be no charge for returning the money that remains accumulated."
24-horas
