Overview
- The Ley de Economía Digital entered into force on November 5 and gives the Secretaría de Hacienda y Crédito Público 15 business days to name which sectors may be required to accept only digital payments.
- President Claudia Sheinbaum clarified the law does not ban cash generally and said the government wants to eliminate cash at gas stations promptly while phasing in digital payments at toll booths.
- The law assigns technical roles to Banco de México and digital agencies to create a digital CURP, citizen records and merchant platforms and to regulate deposit accounts, app homogenization and QR payments.
- Banks, auditors and lawyers warn SHCP must publish transparent technical criteria, add anti‑money‑laundering safeguards, limit extra fees and set clear transition rules to avoid security gaps, higher costs or moves into informal markets.
- Tax experts say wider use of traceable electronic payments will give SAT more data to detect informal activity and could broaden the tax base, but success depends on connectivity, account access and well‑published secondary rules.