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Value of real time payments in Mexico with local scheme CoDi from 2019 to 2024 (in million Mexican pesos, and estimates in U.S. dollars)

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Sources

Release date

April 2025

Region

Mexico

Survey time period

2019 to 2024

Supplementary notes

The figures have been taken from several publications.

Figures on CoDi come from the .

The USD figures have been calculated by ÌÇÐÄÆƽâ°æ, based on from OECD.

Citation formats

Annual instant payment spending in Mexico 2019-2024, in local currency and USD

Published by ÌÇÐÄÆƽâ°æ Research Department, Apr 28, 2025
The annual value of transactions made with Mexican real-time payment system CoDi increased by nearly *** million Mexican pesos in 2022. Online money transfers that year amounted to rougly *** billion Mexican pesos - or roughly *** million U.S. dollars. CoDi is a platform set up by the central bank in Mexico to stimulate the transition to a cashless economy. The share of cash used in the North American country dropped around ** percentage points in the last decade. Nevertheless, the figure for Mexico's instant payments is seemingly lower than in, for example, Brazil.
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Market share

6

Penetration

8

Biggest brands

7

Users

7

Transaction value

7

Number of transactions

7

Miscellaneous

8

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Topics

Digital payments landscape in MexicoMobile payments with digital walletsFintech in MexicoE-commerce in Latin AmericaE-commerce in Mexico
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