Geographic Deep Dives23 min read
Pay Contractors in Mexico With SPEI for Platform Operators
**Treat SPEI as a fast domestic rail in Mexico, not as a shortcut around payout design.** SPEI, or Sistema de Pagos Electronicos Interbancarios, is Mexico's interbank electronic payments system, created and operated by Banco de Mexico. A [World Bank case study](https://fastpayments.worldbank.org/sites/default/files/2021-09/World_Bank_FPS_Mexico_SPEI_Case_Study.pdf) places its launch in 2004 and notes 24/7 functionality since 2015. That makes it a credible core path for platform payouts, but it does not solve finance, compliance, or support on its own.
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