Regulatory Alerts2025-02-20 | Circular 2/2025Added
Circular 2/2025 — Modifies Circular 14/2017
The Bank of Mexico modifies the Interbank Electronic Payment System (SPEI) Rules to update indirect participation services, specifically raising the CoDi payment limit to 6,000 UDIS and restricting indirect participation providers to regulated financial entities. The amendment introduces a five-second crediting deadline for credit institutions receiving transfers up to 1,500 UDIS, while allowing exceptions for larger amounts or specific beneficiary accounts subject to additional validation and administrative authorization. It also mandates 24/7 service availability for large institutions, requires the inclusion of RFC or CURP keys in transfer requests, and establishes new operational and contingency protocols for mobile payment processing.
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