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CoDi
CoDi, or Cobro Digital, is a payment system in Mexico that allows for instant bank transfers using a QR code or other digital identifiers.
Method
CoDi
LPM Market Share
n/a
Payments
Yes
Refunds
Yes - full and partial refunds (automated)
Type
Bank Transfer
Local Card Scheme
Users
16M
Disbursements
No
No
Chargebacks
$25.00
Authorization currency
MXN
Authorization
speed
speed
Instant
Recurring
No
No
Reasons for Popularity
Convenience: CoDi allows individuals to conduct digital transactions using only their mobile phones, which has contributed to financial inclusion
E-commerce and Business Transactions: The platform has facilitated e-commerce and transactions between businesses and consumers, contributing to the growth of the digital economy
