SPEI
Sistema de Pagos Electronicos Interbancarios
SPEI is Mexico's real-time gross settlement (RTGS) electronic interbank payment system. It enables rapid transfers between Mexican banks and is the main rail for domestic electronic payments.
SPEI is operated by Banco de Mexico and uses CLABE account numbers to route payments. It is widely used for retail and business transfers, including instant payments.
Related Terms
CLABE
Clave Bancaria Estandarizada
CLABE is an 18-digit standardized banking code used in Mexico for domestic electronic funds transfer...
RTGS
Real-Time Gross Settlement
RTGS is a funds transfer system where money moves from one bank to another on a real-time and gross ...
Wire Transfer
A wire transfer is an electronic transfer of funds between banks or financial institutions. Wire tra...
EFT
Electronic Funds Transfer
EFT is a broad term for any transfer of money from one bank account to another through electronic me...
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