Definitions of remittance, fintech, and digital-dollar terms
Banxico, the common name for Banco de México, is Mexico's central bank. It issues pesos, sets monetary policy, and operates SPEI, the country's interbank payment system.
CEP is the official electronic receipt Banco de México issues to confirm a completed SPEI transfer between Mexican banks.
CLABE is the 18-digit standardized number that identifies one specific account at one specific bank in Mexico, used to route SPEI transfers, direct debit, and payroll.
CNBV is Mexico's banking and securities regulator, overseeing banks, securities firms, and other financial institutions to keep the system stable and transparent.
SPEI is Banco de México's real-time interbank transfer system for Mexican pesos.
