Annual number of instant payment transactions in Mexico 2019-2022, per capita
Transactions made with CoDi in Mexico grew by nearly 600,000 between 2021 and 2021, although transactions per capita declined in this period. CoDi is a platform set up by the central bank in Mexico in Q3 2019 to stimulate the transition to a cashless economy. When compared to the number of credit card transactions in the country, however, CoDi is relatively small. Indeed, the figure for Mexico's instant payments is seemingly lower than in, for example, Brazil.
