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La importancia de la Ley para la transparencia y ordenamiento de los servicios financieros para propiciar el uso de sistemas y medios de pago eficientes en México

Author

Listed:
  • Castellanos, Sara G.

    (Dirección de Sistemas Operativos y de Pagos, Banco de México)

  • Garrido, Daniel

    (Dirección de Sistemas Operativos y de Pagos, Banco de México)

  • Mendoza, Alberto

    (Dirección de Sistemas Operativos y de Pagos, Banco de México)

Abstract

In Mexico, during 2004, came into effect the Law to Promote Transparent Financial Services. We describe the most salient dispositions of this law and the key measures that central bank of Mexico has implemented, as well as the usage patterns of checks, electronic funds transfers and payments with bank cards at points of sales before and after 2004. The data show a higher tendency towards using electronic payments and a lower real income for banks from electronic payments and bank cards provision, which coincide with the kind of measures enhanced by this type of regulation. However, we identify other elements that may have an influence over these patterns. We also describe the main changes of the new Law that substituted the 2004 one on June 2007.// En 2004 se promulgó en México la Ley para la Transparencia y Ordenamiento de los Servicios Financieros (LTOSF). En este documento se describen las disposiciones más importantes de dicha ley y algunas de las principales medidas que el Banco de México ha instrumentado, así como las pautas de uso de medios de pago distintos al efectivo antes y después de 2004. Los datos muestran una tendencia más pronunciada hacia el uso de medios de pago electrónicos, aunada a un incremento menos que proporcional de los ingresos reales de los bancos asociados a la provisión de pagos a través de transferencias electrónicas de fondos y tarjetas bancarias. Lo anterior es congruente con el tipo de medidas que se han impulsado con base en la LTOSF. No obstante, se identifican otros elementos por los cuales este fenómeno no es atribuible exclusivamente a estas modificaciones en el marco legal. También se describen los cambios principales al marco regulatorio por medio de la aprobación de la nueva LTOSF en junio de 2007.

Suggested Citation

  • Castellanos, Sara G. & Garrido, Daniel & Mendoza, Alberto, 2008. "La importancia de la Ley para la transparencia y ordenamiento de los servicios financieros para propiciar el uso de sistemas y medios de pago eficientes en México," El Trimestre Económico, Fondo de Cultura Económica, vol. 0(297), pages 224-251, enero-mar.
  • Handle: RePEc:elt:journl:v:75:y:2008:i:297:p:224-251
    DOI: http://dx.doi.org/10.20430/ete.v75i297.397
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    File URL: http://www.eltrimestreeconomico.com.mx/index.php/te/article/view/397/445
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    Citations

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    Cited by:

    1. Jose Negrin & Diadelfa Ocampo & Alejandro de los Santos, 2009. "Recent innovations in inter-bank electronic payment system in Mexico: the role of regulation," IFC Bulletins chapters,in: Bank for International Settlements (ed.), Proceedings of the IFC Conference on "Measuring financial innovation and its impact", Basel, 26-27 August 2008, volume 31, pages 473-494 Bank for International Settlements.
    2. Gustavo A. Del Angel, 2016. "Cashless Payments and the Persistence of Cash: Open Questions About Mexico," Economics Working Papers 16108, Hoover Institution, Stanford University.

    More about this item

    Keywords

    cheques; transferencias electrónicas de fondos; tarjetas de crédito; tarjetas de débito;

    JEL classification:

    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation

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