Recent innovations in inter-bank electronic payments in Mexico: The role of regulation

José L. Negrín, Diadelfa Ocampo and Alejandro De Los Santos

Journal of Payments Strategy & Systems, 2011, vol. 5, issue 2, 169-187

Abstract: In 2004, Banco de México (BM) introduced an innovative, near real-time, no-credit, inter-bank, large-value payment system (SPEI). Afterwards, BM promoted several institutional changes in order to foster its adoption. As a result of these measures, the SPEI has become a widely used payment system. Using an S-shaped adoption model, the present authors find that some of the measures promoted by BM have significantly increased the proportion of SPEI use among its substitutes, even after controlling for demand variables.

Keywords: electronic payments; regulation; adoption; logistic model (search for similar items in EconPapers)
JEL-codes: E5 G2 (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:aza:jpss00:y:2011:v:5:i:2:p:169-187

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