Is Mexico’s New Payments System a Big Improvement?

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Greg Ahlgren, partner at Diaz, Reus & Targ LLP: “The Mexican government’s new electronic payments system, known as CoDi (cobro digital), is intended to bring the enormous informal sector of the Mexican economy into the cashless era, but its ultimate success remains to be seen. The system’s architecture is intended to replicate the SPEI system of electronic transfers, which has become ubiquitous in transactions in the formal economy.