Overview
- STP publicly promoted CoDi to small and medium businesses on Tuesday, Sept. 22, 2026, saying the instant-pay tool can replace some bank point-of-sale terminals and lower costs for merchants.
- STP estimates some retailers could save up to 84,000 pesos a year by using CoDi instead of paying TPV commissions, a claim based on comparing CoDi’s no-fee QR and payment-request flows to typical TPV rates of about 1.51–5.11 percent.
- CoDi processes payments in seconds through QR codes and mobile payment requests, delivers funds immediately, runs 24/7, and creates transaction records that can help merchants track sales, reconcile accounts, and build a financial history.
- Regulators and programs now back broader digital-pay adoption: the Ley de Economía Digital proposal, Paquete Económico 2027 measures, Banxico’s Nivel 2 Bis accounts and the Secretaría de Economía’s ‘Crece tu MIPYME’ effort are presented as levers to boost CoDi uptake.
- Adoption still lags overall use of instant payments — SPEI handled 7,400 million transactions in 2025 and CoDi had 22.1 million validated accounts through September 2025 — and banks may resist heavy promotion of CoDi because it can shift volume and fees away from card businesses.