Plain-English explainers on remittances, Mexican payment rails, and digital dollars
Dynamic currency conversion (DCC) lets a foreign merchant or ATM bill your card in your home currency instead of the local one, usually at a worse exchange rate than your card's own conversion.
CEP is the electronic receipt Banco de México issues to confirm a completed SPEI transfer between Mexican banks. Anyone can look one up on Banxico's own portal, without logging into a bank.
Moni is self-custodial, so nobody, including Moni, can move your balance just because your phone is lost. The real risk is a phone that stays unlocked and signed in, which is why securing it immediately still matters.
Remittance costs have two parts: a stated fee and an exchange-rate margin built into the conversion rate. The margin is often larger, and it never appears as a line-item fee.
CLABE is the 18-digit standardized number every Mexican bank account carries. It identifies the bank, branch, and account so SPEI transfers, direct debit, and payroll land in the right place.
SPEI is Banco de México's real-time interbank transfer system. It moves pesos between Mexican bank accounts in seconds, 24/7, and underpins most domestic payments in Mexico.
