CoDi (Cobro Digital): Who Qualifies and What You Get
Discover how CoDi allows businesses to accept QR-code payments without paying commission fees.
CoDi (Cobro Digital) is a digital payment system developed to allow businesses to receive money instantly through the use of QR codes.
Who it's for
This scheme is designed for business owners who want to modernize their payment collection methods. Any business that maintains an active bank account is eligible to use this system to facilitate transactions. It is a versatile tool intended to help various types of professional practices and commercial entities manage their incoming funds more efficiently.
What you get
The primary benefit of using this system is the ability to accept payments via a QR code, referred to locally as Pago con QR. This method allows for a seamless digital transaction between the customer and the business. Most importantly, this system allows you to receive these digital payments without being charged any commission fees, which helps keep more of your earned revenue.
What it costs you
There is no direct fee to join the scheme, but there are practical requirements to make it work. To use this service, you must have a smartphone available to manage the transactions. Additionally, you will need to ensure that your current banking application is integrated with the CoDi system, so you should check with your financial institution to confirm they support this specific technology.
The catch to know
The main challenge you may face is the level of adoption among your customer base. Because this is a digital-first method, you may encounter lower adoption rates among older patients or clients who are more accustomed to traditional cash or physical payment methods. You may need to provide guidance or instructions to help them feel comfortable using the QR code.
How to apply
- Confirm that your business has an active bank account in Mexico.
- Open your bank's official mobile application on your smartphone.
- Look for the CoDi or digital payment integration settings within your app.
- Follow your bank's specific instructions to generate your unique QR code for accepting payments.