Mexico · Account Transfer · Est. 2004
Mexico's Sistema de Pagos Electrónicos Interbancarios is one of the world's earliest 24/7 real-time payment systems, operated directly by the central bank (Banxico). SPEI processes both high-value and retail payments with no maximum transaction limit, settling in real time through Banxico's accounts. It supports CLABE (standardised 18-digit account numbers) and has been extended with CoDi, a QR-based overlay for merchant payments. Note: SPEI data includes both immediate and scheduled transfers on the same rail, as Banxico does not separately report real-time vs deferred transactions.
SPEI is Mexico’s real-time payment system (Account Transfer), launched in 2004. Mexicos Sistema de Pagos Electrónicos Interbancarios is one of the worlds earliest 24/7 real-time payment systems, operated directly by the central bank (Banxico).
SPEI processed 6.0 billion transactions worth $34.8tn in 2025, a year-on-year change of +10.7%.
SPEI is operated by Banxico, with instant settlement.
SPEI launched in 2004, and today has 100 participating institutions.
SPEI supports proxy/alias lookup.
Data source: Banxico.
| Capability | Status |
|---|---|
| QR Code Payments | ◐ |
| Wallet Support | — |
| 24/7 Availability | ✓ |
| Cross-Border | — |
| ISO 20022 | — |
| Request to Pay | — |
| Open API | ◐ |
| Alias/Proxy | ✓ |