Mexico

Limited scope banks and MNOs are able to manage accounts on behalf of banks.

Since 2009 there are rules in place for "mobile bank accounts" that can receive deposits worth up to 2,000 inflation-indexed UDIs - currently about 8,500 pesos ($646) - each month. With these accounts, consumers can use mobile phones to pay for items at a convenience stores, or transfer money between accounts through mobile payments. Wireless carriers are permitted to act as banking agents.

Since mid-2011 levels of accounts have been defined with regulations attached, to create an enabling regulatory environment for branchless banking.

Non banks are currently not allowed to issue e-money but recent regulation allows non-banks to become licensed as niche banks. They can provide financial services such as e-money issue without having to apply for full fledged banking license.

Closed loop prepaid cards may be issued by non-banks (gift cards).

New agency rules allow all MNOs to set up agent networks. Telefonica 13000+ agents could turn into CI/CO for bank txns.

Banxico Regulation on Mobile Accounts (2009, August 2011): allows mobile banking accounts with low CDD. CNBV can supervise & hold banks responsible for acts of their agents.

Funds to be stored with a bank but mobile operators can use agents to offer e-money services.

Ruling to ensure banks cannot primarily operate through agents.

Electronic signatures are allowed.