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SPEI (Sistema de Pagos Electrónicos Interbancarios) is Mexico's Interbank Electronic Payment System, developed by the Bank of Mexico (Banxico). SPEI allows for various transactions, including B2B, B2C, and P2P payments, making it a versatile tool for both businesses and individuals.
Method
SPEI
LPM Market Share
n/a
Payments
Yes
Refunds
Yes - full and partial refunds (automated)
Type
Bank Transfer
Local Card Scheme
Users
17M
Disbursements
Yes
Yes
Chargebacks
$25.00
$25.00
