About
Dimo is Banco de México's phone-number addressing service for SPEI, the central bank's interbank transfer system. A user links a bank account to a 10-digit mobile number inside their bank's app; a sender then types that number instead of the 18-digit CLABE, the app looks it up in Banxico's database, shows the masked recipient name for checking, and sends an ordinary SPEI transfer. Dimo is not a separate wallet or app, and linking is free, though banks may charge for transfers. Launched on 23 February 2023, it had over 11 million linked accounts across 21 participating institutions by November 2024.
Banxico is promoting DiMo alongside CoDi after CoDi's adoption stalled; DiMo is effectively the newer of the two.
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