Mexican SPEI transfers hit 592 trillion pesos as non-banks expand

During 2025, transactions in the SPEI system reached 7,308.1 million operations for a total of 591.8 trillion pesos.

End-user transfers totaled 7,302.4 million operations worth 232 trillion pesos, representing 6.6 times gross domestic product, with low-value transfers under 1,500 UDIs accounting for 94.6 percent of the total volume.

Non-bank financial institutions expanded their footprint significantly, handling 19.8 percent of all SPEI operations, up 6 percentage points from the prior year, driven primarily by four electronic payment funds institutions, one popular financial company, and one money transmitter.

In card payments, volume expanded 22.6 percent to 12,118.9 million operations worth 6.9 trillion pesos, while contactless transactions rose 213 percent to 1,817.5 million operations.

System availability reached 99.992 percent on SPEI Instance A and 100 percent on SPID, with zero central cybersecurity incidents recorded.

Central market infrastructures also expanded their scope: Indeval settled 1,353.1 trillion pesos in DvP transactions, while the CCV launched central clearing for government bonds in November 2025 with six clearing members.

In payment regulation, the central bank put the Disposiciones de RMD and clearing house rules out for public consultation to reduce interchange fees and enforce cross-network interoperability for point-of-sale terminals.