SPEI

Type: Electronic Payment System

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About SPEI

Founded	2004
Headquarters	Mexico City, Mexico
Market share	SPEI is a leading electronic payment system in Mexico, widely used by individuals and businesses.
Major competitors	Transferencias Electrónicas de Fondos (TEF) PayPal OXXO Pay
Notable partnerships	Major banks in Mexico, including BBVA, Citibanamex, and Santander. Fintech companies like Kueski and Clip. E-commerce platforms to facilitate online payments.
Recent developments	Introduction of new features for enhanced user experience. Expansion of partnerships with financial institutions and fintech companies. Increased focus on security measures to combat fraud.
Regulations	SPEI operates under the oversight of the Bank of Mexico, ensuring compliance with national financial regulations.
Security	Utilizes encryption and secure protocols to protect transaction data. Adheres to strict regulatory standards set by the Bank of Mexico.
Official website	https://www.banxico.org.mx/spei