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Accept Payments via SPEI with Echo Money

Enable customers to pay using SPEI, one of the most trusted payment methods in Mexico.

Accept payments through a single API, settle globally, and access local payment rails without building market-specific infrastructure.

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Summary

About SPEI

SPEI logo

SPEI is one of the most widely used payment methods in Mexico, enabling consumers and businesses to send and receive payments through real-time interbank transfers. It plays an important role in the country's payment ecosystem, offering a familiar and trusted way for customers to complete transactions.

With an estimated market share comprising 35% of digital business payments and more than 80M+ bank account holders, SPEI has become a preferred payment option for online purchases, business payments, subscriptions, marketplace transactions, and everyday commerce in Mexico. For businesses looking to expand into Mexico, accepting SPEI can help improve checkout conversion rates, increase payment acceptance, and provide a more localized payment experience. Through Echo Money, businesses can accept SPEI via a single integration.

At a glance

Payment method snapshot

Payment Method: SPEI
Country: 🇲🇽 Mexico
Currency: MXN
Payment Type: Real-time Interbank Transfer
Consumer Reach: 80M+
Settlement Speed Instant (24/7)
Refund Support Yes
Recurring Payments Supported
Chargebacks Applicable
Integration Single API
Start Accepting Payments via SPEI

How it works

1

Integrate with Echo Money. Connect to Echo Money through a single API and gain access to 150+ local payment methods including SPEI, global payment rails, and stablecoin infrastructure.

2

Enable SPEI. Activate SPEI for your business and configure how you want to collect, send, or settle payments in Mexico without managing multiple local providers.

3

Start Accepting and Sending Payments. Your customers can immediately begin paying through SPEI via a fully white-labelled experience, while you collect funds, process payouts, and move money seamlessly.

4

Scale with Built-In Compliance. Echo Money handles compliance requirements, including KYC, KYB, transaction monitoring, and payment operations, helping your business expand into Mexico without the complexity of managing local payment infrastructure.

Benefits for Businesses Accepting SPEI in Mexico

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Increase Conversion Rates with a Familiar Checkout Experience

Customers in Mexico are more likely to complete a purchase when they see payment methods they already know and trust. By offering SPEI through Echo Money, businesses can create a more localized payment experience, reduce friction during the payment journey, and improve overall conversion rates.

Improve Payment Success Rates

Many local payment methods, including SPEI, are deeply integrated into the financial ecosystem of Mexico. As a result, they can deliver higher payment acceptance rates compared to international cards that may face issuer declines, authentication issues, or cross-border restrictions.

Reach More Customers in Mexico

Not every customer in Mexico prefers to pay with a credit card. Depending on the market, consumers may rely on local bank transfers, digital wallets, QR payments, or domestic payment networks. By supporting SPEI, businesses can access a broader customer base and provide payment options that align with local preferences and purchasing behaviour.

Reduce Cross-Border Complexity

Expanding into Mexico often requires businesses to navigate local banking infrastructure, payment providers, and settlement processes. Echo Money simplifies this by enabling businesses to accept SPEI through a single integration, removing the need to manage multiple local payment partners while still delivering a localized payment experience.

Build Trust with Local Customers

Trust plays a major role in online payments. Customers are often more comfortable completing a transaction when they recognize the payment method being offered. Because SPEI is widely used in Mexico, displaying it at checkout can help strengthen customer confidence, reduce hesitation, and create a more familiar payment experience.

Future-Proof Your Payment Strategy

Payment preferences evolve over time, but businesses that offer locally preferred payment methods are often better positioned to adapt to changing customer expectations. By supporting SPEI through Echo Money, companies can build a payment stack that combines local payment acceptance, global reach, and modern settlement infrastructure.

Who uses SPEI in Mexico?

Businesses across industries use SPEI to offer a more localized payment experience and improve payment performance in Mexico.

E-commerce Platforms use SPEI to increase checkout conversion rates and reduce payment friction.

Marketplaces rely on SPEI to collect payments from buyers while supporting efficient seller payouts.

Gaming & Digital Businesses leverage SPEI to improve payment acceptance rates and support seamless in-app purchases.

Travel, Fintech, and Global Merchants use SPEI to collect local payments in Mexico without building country-specific payment infrastructure.

SaaS Companies collecting recurring payments use SPEI to reach customers in Mexico through familiar and trusted payment methods.

Why do businesses use Echo Money for SPEI?

Echo Money brings SPEI and 150+ local payment methods into a single platform. With one integration, businesses can

  • streamline payment operations,
  • access faster transaction confirmation, improve settlement efficiency, and
  • scale across markets with built-in compliance and global settlement infrastructure.

Single Integration

Enable SPEI through a single API and manage collections, payouts, and settlement alongside 150+ local payment methods.

Built-in Compliance

Accept SPEI with built-in KYC, KYB, transaction monitoring, and compliance controls designed for cross-border payment operations.

Global Settlement

Collect funds through SPEI and settle in local currencies, major global currencies, or stablecoins through a unified settlement infrastructure.

White-label experience

Offer SPEI through a fully branded payment experience while Echo Money powers the infrastructure behind the scenes.

FAQs

SPEI is a widely used payment method in Mexico that enables consumers and businesses to move money securely through local payment infrastructure.

Start accepting SPEI payments today

Connect to SPEI through Echo Money and give customers a payment experience they already know and trust.

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