Banxico Sets December Deadline for New App Transfer Rules Across Mexico
Banxico's Circulars 9/2026 and 10/2026 force every Mexican bank to standardize app-based transfers by December 14, 2026 — with phone numbers as account identifiers and user-set transfer limits already in force. The post Banxico Sets December Deadline for New App Transfer Rules Across Mexico appeared first on The Rio Times .
Mexico's central bank, Banxico, has set a deadline of December 14, 2026, for all banks connected to the SPEI interbank payment system to adopt standardized app-based transfer rules. These rules, outlined in two circulars published in June 2026, aim to create a uniform user experience across mobile banking apps. The primary change involves linking a customer's phone number to their account, allowing transfers to be made using just a phone number instead of a 18-digit CLABE account code.
This is mandatory for Level 2, 3, and 4 accounts, while Level 1 accounts may have the feature at the discretion of each bank. The new rules standardize how apps present beneficiaries, confirm amounts and concepts, and document receipts. The deadline is primarily for banks to comply, but the changes will automatically reflect for users on their respective apps.
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