Recent innovations in inter-bank electronic payments in Mexico: The role of regulation

Negrín, José L.; Ocampo, Diadelfa; De Los Santos, Alejandro

Practice paper

Recent innovations in inter-bank electronic payments in Mexico: The role of regulation

José L. Negrín, Diadelfa Ocampo and Alejandro De Los Santos

Journal of Payments Strategy & Systems, 5 (2), 169-187 (2011)

https://doi.org/10.69554/RNDN7800

Abstract

In 2004, Banco de México (BM) introduced an innovative, near real-time, no-credit, inter-bank, large-value payment system (SPEI). Afterwards, BM promoted several institutional changes in order to foster its adoption. As a result of these measures, the SPEI has become a widely used payment system. Using an S-shaped adoption model, the present authors find that some of the measures promoted by BM have significantly increased the proportion of SPEI use among its substitutes, even after controlling for demand variables.

Keywords: electronic payments; regulation; adoption; logistic model

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Citation

Negrín, José L., Ocampo, Diadelfa and De Los Santos, Alejandro (2011, June 1). Recent innovations in inter-bank electronic payments in Mexico: The role of regulation. In the Journal of Payments Strategy & Systems, Volume 5, Issue 2. https://doi.org/10.69554/RNDN7800.