The Bank of Mexico has initiated a public consultation regarding reforms to various regulations associated with electronic transfers. This initiative aims to provide the public with a more intuitive, quick, and easy means to send money using mobile devices, as explained by Victoria Rodríguez, the governor of the central bank. The proposed reforms are part of a broader strategy to promote digital payments and reduce reliance on cash in commercial transactions.

Victoria Rodríguez indicated that these reforms will be supported by technical guidelines outlining the necessary processes and steps that all institutions participating in the SPEI (Interbank Electronic Payment System) must follow within their mobile applications. The goal is to simplify and standardize the procedures for executing transactions within the payment system. Furthermore, the reforms are expected to be complemented by a commitment from banks to enhance their services and streamline the initiation of transfers for their clients.

During her speech at the inauguration of the 89th Banking Convention, Rodríguez emphasized the need for banks to take concrete steps towards improving how they support digital payments. The initiative not only aims to facilitate smoother electronic transactions but also reflects a broader transition towards a cashless economy in Mexico, which is essential for modernizing financial services and boosting economic efficiency. This push aligns with global trends emphasizing digital financial solutions and reducing physical cash usage.