Overview
- President Claudia Sheinbaum outlined the proposal Monday in her morning briefing, presenting it as a first step toward later tax formalization rather than a rule already in force.
- People would open a basic account with their CURP, which is a national ID code, plus an official photo ID, with higher limits unlocked only after providing a tax ID known as the RFC.
- The plan centers on low‑risk account tiers that regulators already allow, with monthly caps reported around 3,000 UDI for N2 accounts and 10,000 UDI for N3 accounts.
- Coverage differs on readiness, with one outlet describing immediate bank platform changes under coordination with Banxico and the Finance Ministry, while others say the idea remains under study with no formal regulation yet.
- Analysts say the shift could help small merchants and gig workers get paid by phone and avoid cash, though some warn of privacy concerns and the risk of many small accounts to move illicit funds, and Xataka reports Banxico has floated higher limits and phone‑number identifiers as part of broader payments updates.