Overview
- The Chamber of Deputies' Commission of Hacienda approved the Ley de Economía Digital in committee on Thursday and forwarded the draft to the full Chamber for debate and a vote next week.
- The draft recognizes CURP Digital and the Expediente Digital Ciudadano as valid digital ID for opening accounts and contracting financial services online.
- Text sent to the plenary empowers the Secretaría de Hacienda y Crédito Público to designate 'sectors estratégicos' where acceptance of digital and electronic payments may be the only permitted form of payment, with transition deadlines set in transitory articles.
- Opposition lawmakers and commentators warned that the bill grants wide discretion to Hacienda, does not set rules on terminal fees, fraud protections or sanctions, and provides no new budget for terminals or connectivity, which could burden unbanked and small informal businesses.
- Payments firms said the measure could help micro and small businesses modernize and boost sales, but experts note Mexico's long history with SPEI and CoDi and low digital uptake means implementation will determine whether the law expands formal credit access and tax collection or deepens exclusion.