One strategy to get customers is to add a digital payment method to businesses. One option is CoDi®, a platform developed by the Bank of Mexico (Banxico).
With CoDi® you can make collections and payments from a cell phone, using an account with a financial institution, without commissions. The CoDi® platform is available 24 hours a day, every day of the year. It allows you to make contactless transactions, you just have to scan a QR code and that’s it.
All people can make payments and collections from their cell phone, using their accounts at a financial institution. Banxico indicates that to date at least 1.1 million accounts have made a payment with CoDi® and 780,014 have made a collection.
Large companies such as Sanborns, Liverpool, Coppel, Tiendas 3B, RadioShack, OfficeDepot, Soriana, Telcel, Chedraui, La Comer, Telmex, Farmacias del Ahorro and Intercompras have found an ally in CoDi® to get more customers.
Benefits of charging with CoDi®
- No commissions.
- The settlement of payments in real time avoids waiting times of 24 to 48 hours to receive the money in the account of your financial institution.
- Reduction of costs and risks for cash management.
Small, medium and large businesses are benefiting from using CoDi® and make fast, safe and efficient electronic transfers. The CoDi® platform has been available since September 2019.
To get paid with CoDi®
- Enter the amount you want to charge. You can also generate a CoDi® without amount so that the person who will make the payment enters the amount to pay.
- Includes a reference number (optional).
- Click on generate and that’s it!
- Whoever pays must scan the QR code to authorize the payment. With your pin, fingerprint, face or token (it will depend on your financial institution).
- Both you and the buyer will receive a confirmation notification.
How to make a remote payment?
CoDi® allows remote collections, which will be especially useful if you have a delivery business, for example. Once as a business you have generated the QR code with the payment information, you can send the image to the customer through a messaging service, or send a notification to the customer’s cell phone.
CoDi® allows you to charge without commission regardless of the amount. What helps individuals and corporations to access quality financial services. What are you waiting for to use it in your business?
