Caribbean Digital Transformation Program Workshop

Covid-19: The big push forward

Mexico. Operations conducted through CoDI (October 2019-February 2021)

• Covid-19 has pushed the digitalization of financial services across the globe

CoDI’s Case (Mexico)

• Launched in late 2019, Cobro Digital (CoDi) has provided a viable electronic payments platform for small businesses and individuals. • It can be easily operated from any smartphone and relies on QR codes overcoming key constraints to digital payments. • 4.2 million accounts validated by the end of 2020 benefitting from its ease of access and the push of Covid-19.

Source: Banco de Mexico

Official Use