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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
No
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
