CoDi from Mexico expands into Europe with Unlimint

August 15, 2022 by
Frank Calviño

CoDi - the official Mexican online payment platform created by the Bank of Mexico - has announced that it is expanding into Europe through a partnership with Unlimint, a London-based fintech payments platform. 

Do you want to know more about international commerce and e-commerce, and also get all the tips and news that might give your company an edge? Subscribe to Cross-Border Magazine and get your digital copy now for free!

The partnership allows Unlimint to expand its portfolio of alternative payment methods with the addition of CoDi and encourages European companies to expand their operations in Mexico. 

With this new integration, Unlimint customers will receive a new, fast and secure payment method when making transactions using wire transfers, and businesses in Europe using CoDi technology, and also the European Unlimit customers will be able to expand into the Mexican market more easily.

At the same time, Mexican buyers will now be able to pay in Europe for online goods using a native solution. 

CoDi uses QR Code technology, free two-dimensional barcodes that are easy to implement on any mobile device, while Unlimint offers advanced payment capabilities through a financial interface focused on serving businesses around the world as it operates on 5 continents.

"We are delighted to be able to offer a new alternative payment method to businesses in Mexico. As consumers become more aware of online payment methods, it is important for merchants to facilitate secure cashless transactions. Adding CoDi to our portfolio demonstrates that Unlimint is committed to enabling customers to grow anywhere in the world and incorporate popular local electronic payment methods into their operations to remain competitive," said Irene Skrynova, chief customer officer at Unlimint.

CoDi current volume of transactions reaches over 6 million euros in Mexico

In 2018, Banco de México (Banxico) launched its CoDi payment platform with the aim of enabling more users in the country to make transactions through their cell phone. After more than a year of its launch, in 2021 the platform made close to 287,000 online money transfers which represents a total of 146 million Mexican pesos.

UK inflation rises to 10.4%
UK consumer prices rose by 10.4% in February compared with a year ago. The inflation was more acute in food, hitting its highest level in more than 45 years. Official...
March 28, 2023
Canva enters the world of AI
Canva enters the world of Artificial Intelligence (AI). The simplified graphic design platform has recently held its virtual event Canva Create 2023, where they have presented all the new features...
March 27, 2023
Instagram Ads
Instagram will increase the number of ads
Instagram is introducing two new marketing tools to offer businesses new ways to add advertising to the social network. These tools work via reminder ads and by adding ads in...
March 23, 2023
Top crossmenu

By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.