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CoDi (Cobro Digital)

Country: Mexico (MX)  |  Payment Rail: real_time_payment

RealTimePayment Market Adoption: 30%

CoDi (Cobro Digital) is Banxico's zero-fee QR code payment standard powered by SPEI, facilitating instant interbank transfers across Mexican mobile banking apps.

🔄 User Payment Flow

  1. Customer selects CoDi at merchant checkout
  2. Checkout presents CoDi dynamic QR code or pushes NFC payment request
  3. Customer opens their Mexican bank app and scans CoDi QR code
  4. Customer verifies transaction details and authorizes instant bank transfer
  5. Banxico clears funds via SPEI instantly and confirms payment

⚙️ Characteristics & Settlement

Instant PaymentYES
Supports QRYES
Supports RecurringNO
Supports RefundYES

🛠️ Merchant Integration Steps

  • Merchant API calls acquiring gateway to request CoDi session
  • PSP generates CoDi payload and QR string
  • PSP receives Banxico CoDi clearing notification and updates order status