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Banco de México · Launched 2019
Mexico's QR payment layer on top of SPEI, mandated by the central bank to be free of merchant charges.
A scheme- or regulator-set rate, or a widely reported figure. Source: Banxico zero-fee mandate for CoDi.Official site ↗
Online · percentage component
Rates are step functions: each level holds until it is replaced.
Online pricing across every country where this method is available, with the cost on a MX$100.00 payment for comparison.
| Market | Listed fee | Cost on 100 | Effective | Since | Basis |
|---|---|---|---|---|---|
| Mexico | No fee | MX$0.00 | 0% | 1 Jan 2019 | Reported rate |
Every recorded change, newest first, with the movement from the rate it replaced.
In Mexico, on the online channel: No fee, in force since 1 Jan 2019 (reported rate). Fees differ by market and channel, and the table above lists each one.
It is priced in 1 market here: Mexico. A market missing from the list has not been recorded yet, which does not mean CoDi is unavailable there.
It is recorded as instant. Actual timing can depend on cut-off times and on the receiving account.
Not through a chargeback: it has no chargeback process, so a payment is hard to reverse once sent. Check who you are paying before you confirm.
Yes. It is a payment method businesses accept, and the fees shown are what a merchant pays to be paid through it.
