SPEI: Mexico’s instant payments engine for global business SPEI (Sistema de Pagos Electrónicos Interbancarios) — an innovation by Banco de México, designed to make bank transfers instant and available 24/7, even on weekends and holidays.In 2024 alone, SPEI processed over 5.3 billion transactions worth MXN $219 trillion (≈ US$11.7 trillion), proving its scale and reliability as Mexico’s preferred payment network. Why businesses love SPEI: - Instant settlements — funds arrive within seconds, improving cash flow and customer trust. - Wide coverage — supported by nearly all Mexican banks, perfect for local and cross-border operations. - Lower fees — significantly cheaper than SWIFT or traditional wire transfers. - Supports mobile & QR payments — ideal for e-commerce, iGaming, and digital-first companies serving Mexican users. Expanding into Mexico? SPEI is your competitive edge with fees as low as 2–3%
About Processing News
You Won’t Learn This in Business School – Real Industry Insight
The global payments industry evolves faster than ever — powering everything from digital banking to eCommerce transactions. Yet few truly understand how payment processing, fintech innovation, and financial technology shape the world economy. That’s where Processing News comes in. At Processing News, we don’t just report on the payments ecosystem — we’ve built, run, and innovated within it. Our team of experts includes former fintech executives, payment system architects, compliance officers, and technology insiders who bring real-world experience to every article. We launched Processing News to be the Wikipedia of Payments — accessible, in-depth, and always accurate. In an era of clickbait and recycled press releases, we deliver trusted payments journalism rooted in industry expertise and data-driven analysis. Whether it’s new payment regulations, card network updates, emerging fintech startups, or fraud prevention trends, we provide clear, credible insight into what truly drives the global payment processing industry.
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