Regulatory Alerts2026-06-16 | Circular 10/2026Added
Circular 10/2026 — Modifications to Circular 3/2012 (Homologation of User Experience in Electronic Fund Transfers via Mobile Devices)
The Bank of Mexico amends Circular 3/2012 to require credit institutions and regulated multiple-object financial societies to comply with technical specifications for user experience in electronic fund transfers executed on the same business day via mobile devices. The amendments add a definition for "Guides" and mandate that institutions offering such transfers through mobile devices adhere to the standards set forth in these Guides. Additionally, institutions holding level 2, 3, or 4 accounts must associate the last ten digits of a mobile phone number with the account upon the holder's request to facilitate fund transfers, while level 1 account holders may do so at the institution's discretion. Institutions must comply with these requirements and the associated Guides by December 14, 2026.
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