About
CoDi (Cobro Digital) is a request-to-pay scheme created by Banco de México and launched in late 2019 on top of SPEI, Mexico's real-time interbank payment system. The seller creates a payment request as a QR code, over NFC or as a message to the buyer's phone; the buyer approves it in their own bank's app and the money moves account to account through SPEI in seconds. Payments run 24/7 with no fee to either side. CoDi has no stored balance or app of its own: it is a standard built into participating banks' apps. As of September 2025 it had 22.1 million validated accounts, but only about 2.5 million had made a payment.
Launched 2019 but adoption stalled at ~9,900 operations/day in 2024. Banxico is now promoting DiMo alongside it and consulting on regulatory reform; users default to SPEI.
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