The new Digital Economy Law will help accelerate digital payments, leverage existing capabilities with SPEI and CoDi systems for immediate transfers, boost economic activity and deepen financial inclusion.
Mexico President Claudia Sheinbaum Pardo stressed that the country’s new Digital Economy Law that was sent to the Congress of the Union together with the 2027 Economic Package, will help the security, efficiency and formalization of businesses and products by digitizing payments and reducing the use of cash.
“The Digital Economy Law is very important. If you want to take out a bank account, you can do it electronically in all banks, up to 130 thousand pesos. If a CoDi is associated with that account, which one buys from another, or the CoDi that one buys from another, it is paid directly with the phone, you do not have to carry cash.
“And this is gradually going to increase, the digitization of the economy, decreasing cash. That helps security, efficiency, even formalization, because a history of payments is made in a bank account; and it also helps, in due course, to formalize some trade or product,” she said.
The head of the Digital Transformation and Telecommunications Agency (ATDT), José Antonio Peña Merino, said the new Digital Economy Law will help accelerate digital payments through the application of any financial institution; leverage existing capabilities with SPEI and CoDi systems for immediate transfers; it will boost economic activity by facilitating exchange between people and companies; it will deepen financial inclusion with banking, financial history and access to credit and will facilitate formalization by eliminating regulatory and financial services barriers.
He said the new law promotes the adoption and implementation of digital payments with CoDi for electronic transfers in just 3 steps, in addition to the collection in stores can be made from the cell phone without commissions and with instant receipt of the money. Likewise, this digitalization will be taken to the Government so that digital payment is adopted at all levels.
The gradual elimination of cash has already begun in strategic sectors such as gas stations and highways, he said.
Peña Merino said that two years after the beginning of the President’s Government, more than 4,000 procedures have been simplified, of which 1,947 have been eliminated, going from 6 to 2 requirements on average and a solution time of 44 to 22 days.
He said that the most used platform is the Civil Registry with 23 million users, in passports 5 million users have carried out their procedures whose requirements have gone from 6 to 3, while in consulates 2.5 million people have carried out online procedures that went from 72 to 37 and with a reduction in requirements from 6 to 5.
The National Pact for Simplification and Digitalization has been signed, which involves the implementation of a Single Catalog of Procedures with 300 state and 100 municipal, as well as a National Platform of Commercial Establishments: from 7 licenses to 6 notices and 1 license.
Peña Merino said that 2 million digital procedures are carried out daily, for which infrastructure is necessary; due to this, Nube MX was created, which hosts 450 systems of the Rita Cetina Scholarship, Civil Registry and the MX Key, the latter has 30 million accounts with more than 363 million in income and is linked to 266 procedures and services.
In addition, he said that the National Technology Repository was created, which to date contains 17 developments that can be used at the national level.
In October the Llave MX File will be launched, so that it is the documents that travel and not the people. Construction of Coatlicue, the largest supercomputer in Latin America with a capacity of 314 billion operations per second, is also starting and is expected to be ready in 2028.
Likewise, in October, the Mexican telecommunications satellite will be contracted to launch in the first quarter of 2030, which will have a technology of 250 gigabits per second, which will allow images and videos to be transmitted and provide connectivity to remote areas of the country.
He pointed out that, in addition, in these two years, the Mexican Supercomputing Center was put into operation in Barcelona; the Artificial Intelligence Factory was created to provide public solutions such as Citizen Attention, to help guide and resolve 24 hours a day, every day with the 24/7 Window, which has provided 2 million attentions; risk models and the customs traffic light.
In addition, Peña Merino highlighted the Public Center for AI Training, with the largest technological reprofiling and specialization program in Latin America in collaboration with the Undersecretary of Higher Education, Secihti, the IPN, the TecNM and public universities, as well as 17 leading technology companies.
In connectivity, he stressed that in collaboration with CFE, 10,136 teleschools have been connected, 5,153 IMSS Bienestar clinics and to date there are about 37,000 localities with mobile coverage.
With the Telecommunications Regulatory Commission (CRT), savings of 842 million pesos have been achieved. And at the same time, the Mass Warning System is being implemented, which is used in earthquakes and will be expanded in meteorological phenomena.
