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SPEI

Hybrid

Sistema de Pagos Electrónicos Interbancarios - Mexico's electronic interbank payment system. Operated by Banco de México. Processes both high-value and retail transfers in real-time 24/7. Used as the backbone for CoDi (QR payments) and DiMo (mobile payments). ISO 20022 adoption underway.

NowHours: computing from the published schedule…Service condition: not monitored details

ClearingPost does not assess whether SPEI is running normally.

Next

Dated items ClearingPost holds, each with its source and whether the date is confirmed

No supported upcoming items in ClearingPost's records for SPEI.

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Changed

Material, sourced changes ClearingPost recorded; corrections to its own record are labelled as such

No substantive change recorded for SPEI in ClearingPost's change records.

The full activity log for this system, including context notes, is on the Changes page.

Sources No status page recorded · 8 of 14 fields carry a source and a recorded date · latest sourced entry recorded 16 Apr 2026 · evidence details ↓

Record · SPEI

Country
Mexico (MX)
Currency
Mexican Peso (MXN)
Operator
Banco de Mexico
Type
Hybrid
Operating Window
24/7/365
Year Established
2004
Tier?
Tier 2
ISO 20022?
Legacy
Region
Americas
Settlement Type?
Hybrid
Participants
84 direct (2024)
Avg Daily Transactions
14.6M
Avg Daily Value
~MX$600B (2024)
Availability
24/7
Notes

SPEI operates 24 hours a day, 7 days a week (source: Banxico - https://www.banxico.org.mx/spei/d/%7B280E813D-23AC-1EB6-5447-FA1786A129CB%7D.pdf). Functions as both RTGS (high-value) and retail instant payment rail. CoDi and DiMo are consumer-facing overlays that use SPEI for clearing. CECOBAN operates CCEN (ACH) for deferred batch transfers and direct debits, though most real-time volume has migrated to SPEI. 5.34 billion transactions totaling MX$219 trillion in 2024.

Banco de Mexico official website →
See all Hybrid systems →See all systems in Mexico →ISO 20022 migration status →Payment rails by country →
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EFT / ACSSACH
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Operations · SPEI

Operational monitoring: not configured. ClearingPost does not monitor operational sources for this system and does not assess its current service condition.

Operations lists the systems ClearingPost monitors and the operational events it has recorded.

Intelligence for SPEI (8)

Coverage whose headline or summary names SPEI, or names its operator or country together with its system type. Each item quotes that evidence and says whether the source is the SPEI operator or external.

AnalysisSep 23, 2026Summary names “SPEI”
Mexico's CoDi Logged 4.4 Million Operations in 2025 as Banxico Sets December Standardization Deadline
Banco de México's two retail payment overlays remain marginal contributors to Mexican digital payments, with annual operation counts in the low millions. A June circular requires banks and indirect SPEI participants to standardize how mobile transfers, DiMo, CoDi and QR payments appear to customers. The compliance date is 14 December 2026.
External source · El Economista (via Yahoo Noticias)
RegulationSep 21, 2026Summary names “SPEI”
Mexico's Digital Payments Bill Would Let Banxico Require QR Acceptance at Point-of-Sale Terminals
The initiative would also let Mexico's finance ministry name sectors where only digital payments are accepted. CoDi, Banxico's QR-based collection function on SPEI, recorded 4.4 million operations in 2025.
External source · El Financiero
AnalysisSep 10, 2026Headline names “SPEI”
Banxico Gives SPEI Participants Until 14 December to Standardise CoDi and DiMo Flows
Mexico's central bank now requires SPEI participants to handle phone-number and QR transfers through one uniform in-app flow.
Operator source · Banco de México (Circular 9/2026 and Circular 2/2025, compiled amendments to Circular 14/2017)
AnalysisSep 3, 2026Summary names “SPEI”
CoDi Reaches 21.8 Million Validated Accounts but Only 17.8 Million Payments as Mexican Banks Pledge Simpler Flows
Enrolment in Banco de México's two SPEI overlays appears to run far ahead of actual use. This profile sets out how CoDi and DiMo work, who runs them, what the adoption figures say, and what changes before the 14 December 2026 standardisation deadline.
Operator source · Banco de México
AnalysisSep 2, 2026Summary names “SPEI”
Banxico's December 14 Deadline Forces Mexican Banks to Standardize CoDi and DiMo Transfer Flows
If banks meet the December 14 deadline, 2027 will likely be the first full year in which CoDi and DiMo are presented the same way in every SPEI participant's app.
Operator source · Banco de México press release
AnalysisAug 15, 2026Headline names “SPEI”
Mexico's CoDi Adoption Stalls at 0.2% Even as SPEI Transfer Volumes Surge
Despite 180 million banking accounts and growing SPEI adoption, Mexico's instant payment overlay CoDi has reached only 0.2% transaction penetration after six years. Industry panelists at Revolution Banking Mexico attribute the gap to device requirements, fiscal surveillance fears, and zero-commission economics that give banks no incentive to promote the service.
External source · Enlazados Lifestyle (Revolution Banking México conference coverage)
NewsJun 8, 2026Headline names “SPEI”
Bank of America to Connect Corporate Clients to SPEI, Faster Payments, and UPI for Cross-Border Instant Settlement
Starting Q3 2026, Bank of America's cross-border real-time payments capability will route instant settlement through SPEI in Mexico, the Faster Payments Service in the UK, and UPI in India, accessible via Swift or the CashPro platform with local currency delivery.
External source · Bank of America Newsroom
NewsMar 21, 2026Headline names “SPEI”
Banxico Forecasts SPEI Transfers to Surpass Card Payments in Mexico by End of 2026
Mexico's central bank projects that SPEI will process more transactions than all debit and credit cards combined by end of 2026, a milestone reflecting 39 percent annual volume growth and adoption by 75 percent of Mexican adults, while SPEI 2.0 with multicurrency and mass processing capabilities is being prepared for deployment.
External source · Expansion Mexico

Wider coverage that mentions SPEI (1)

These articles mention SPEI in their text but not in their headline or summary, so they are listed as context rather than as SPEI intelligence.

GuideMar 11, 2026Text mentions “SPEI”
DNS, RTGS, and Hybrid Settlement: How Payment Systems Actually Clear and Settle
Understanding these models is essential for anyone working in payments - whether you are integrating with a new market's infrastructure, evaluating settlement risk, or simply trying to understand why a payment "cleared" but hasn't "settled.".
External source · BIS CPMI