Hacienda Mexico Announces Digital Economy Law for Digital and Electronic Payments

Hacienda Mexico announced the Digital Economy Law for Digital and Electronic Payments, which keeps cash and checks in use as services for digital transactions expand. The law took effect immediately.

The measure aims to broaden digital payment services through existing systems: the Interbank Electronic Payments System (SPEI) and Digital Collection (CoDi). It also seeks to widen payment options across commerce.

The law pairs continued use of physical payment methods with expanded digital services. Hacienda Mexico manages economic and fiscal policy in the country, including rules for financial transactions.