SPEI - BETA
SPEI is currently available in beta testing program. Please reach out to your Airwallex Account Manager or support@airwallex.com if you would like to join the beta.
Gain access to Mexican shoppers through SPEI
The Sistema de Pagos Electrónicos Interbancarios (SPEI) is a local bank transfer method, developed and operated by Mexico’s Central Bank. SPEI’s key benefits include real-time transfers with 24/7 availability, no maximum transaction limit and low transaction fees compared to card payment.
SPEI offers an alternative payment method designed to help you attract and convert more Mexican customers making purchases on your websites and apps. Almost all banks participate in SPEI, making it a popular and standard method for electronic transfers in Mexico.
Payment method properties
Features | SPEI |
---|---|
Payment method type | Bank Transfer |
Available for businesses registered in | AU, SG, HK, EU, UK, US |
Activation time for onboarding | Instant |
Shopper regions (typically used by payers from) | MX |
Processing currencies | MXN |
Settlement currencies | MXN or in your default settlement currency if your account does not support MXN settlement |
Minimum transaction amount | 10 MXN |
Maximum transaction amount | NA |
Session timeout | NA |
Recurring Payment | ⛔ |
Refunds | ✅ |
Partial Refunds | ⛔ |
Disputes (chargebacks) | ⛔ |
Placing a hold (delayed/manual capture) | ⛔ |
Descriptor (what the payer will see in their transaction history) | The payer will see the details they entered during the transfer on their bank statements. |
Payments for Platforms support | ✅ |
Choose the integration method that best suits your needs
Airwallex has built a range of client-side integration methods that allow you to manage your UI, minimize your implementation effort, and allow you to get to market quickly.
Online payments via your own website/app | Online payments via ecommerce plugins | Payment links & Invoice Integrations |
---|---|---|
✅ Hosted Payment Page ✅ Drop-in Element ⛔ Embedded Elements ⛔ Mobile SDK ✅ Native API ⛔ Subscription APIs |
✅ Shopify ✅ WooCommerce ⛔ Shopline ⛔ ShopLazza ⛔ Magento |
✅ Payment Links ⛔ Xero Invoice |