Politics · Mexico · 2 hrs ago
Mexico’s Senate approves law to expand digital payments
Mexico’s Senate approved a law to expand digital and electronic payments and sent it to the federal executive for publication.
The measure was promoted by President Claudia Sheinbaum and passed its general vote by 73 votes to 34.
The law aims to make digital payments more widely used and reduce reliance on cash.
Mexico already has services such as SPEI bank transfers and CoDi QR payments, but lawmakers said their everyday use does not reach everyone.
Supporters say wider access could help people join the formal economy and make it easier for businesses to take payments.
Opposition lawmakers warned of costs and risks for small businesses and consumers, including possible fees, exclusion and higher prices.
Hacienda will identify sectors where digital payments may become the only option, and authorities are to set rules and transition periods; the law does not set a general date to end cash.
Mexico’s Senate approved the Digital Economy for Digital and Electronic Payments Law and sent it to the federal Executive for publication.
The law aims to expand the use of digital and electronic payments and reduce reliance on cash.
In the general vote, 73 senators supported the bill and 34 opposed it; in the vote on specific provisions, it passed by 72 to 37.
Supporters said digital payments could strengthen financial inclusion and help small businesses; opponents warned of costs, immediate obligations and higher prices.
- Who
- Mexico’s Senate approved the law, which was promoted by President Claudia Sheinbaum.
- What
- The Senate passed the Digital Economy for Digital and Electronic Payments Law. It was sent to the federal Executive for publication.
- When
- October 20, 2026.
- Where
- Mexico.
- Why
- The law aims to promote digital and electronic payments, modernize the financial system and reduce reliance on cash.
Supporters of the law
Opponents of the law
Purpose
Supporters of the law
The law can expand digital payment use, strengthen financial inclusion and help small businesses.
Opponents of the law
The law could impose costs and obligations on small businesses and consumers.
Implementation
Supporters of the law
A legal framework can help make digital payment acceptance more widespread.
Opponents of the law
The law’s articles provide for immediate application, despite the stated intention to implement it gradually.
The Senate approved the law in general by 73 votes to 34 and in specific provisions by 72 votes to 37.
After approval, the bill was sent to the federal Executive for publication in the Official Gazette of the Federation.
- General vote
- 73 in favor; 34 against
- Vote on specific provisions
- 72 in favor; 37 against; 0 abstentions
- Bill
- Digital Economy for Digital and Electronic Payments Law
- Next step
- Sent to the federal Executive for publication in the Official Gazette of the Federation
7 sources
‘Digíte su NIP’: Senado aprueba Ley de pagos digitales y oposición advierte un alza de precios
Aprueban Senadores Ley de Economía Digital; regresa al Ejecutivo para su publicación
Senador Francisco Ramírez Acuña, reservas al dictamen sobre la Ley de Economía Digital para Pagos Digitales y Electrónicos
Pleno del Senado aprueba la Ley de Economía Digital; la envían al Ejecutivo
Aprueba pleno del Senado Ley de Economía Digital; va por acelerar el uso de medios de pagos electrónicos
La apuesta por pagar sin efectivo
What people are saying
Incorporating digital payment methods offers the possibility of expanding payment options, facilitating remote sales, reducing operating times and generating verifiable records of income.
Forcing an SME, a market trader, to accept payment exclusively by digital means means forcing them to contract for internet, rent a terminal and pay bank fees ranging from 1.5 to 4.5 for every sale.
Although the explanatory statement says this law will be implemented gradually, none of the articles says that.
It is the corrupt people who receive cash that they are defending.
Posts on X
📌 Para promover la adopción e implementación de herramientas digitales y ampliar el acceso a servicios financieros seguros, el Senado aprobó crear la Ley de Economía Digital para Pagos Digitales y Electrónicos. Conoce más de la nueva ley. 👇