The Central Bank of Mexico issued Circular 6/2025 introducing a new modality regulating the use of wages and employment benefits as backing for financial services contracted by workers. The framework allows remuneration and employment benefits deposited into workers’ payroll accounts to be used as a source of repayment for loans they take out with any creditor institution. The measures are intended to broaden financing options by enabling any bank to offer credit linked to payroll, rather than limiting such offers to the institution managing the payroll account. Under the additional credit modality, when a worker so instructs, the deposits in the payroll account may be used to repay loans with other institutions on conditions comparable to those available to the payroll-account administrator.
Central Bank of Mexico 2025-07-18
Central Bank of Mexico issues Circular 6/2025 to let workers use payroll deposits to repay loans from any creditor
The Central Bank of Mexico issued Circular 6/2025, introducing a framework allowing wages and employment benefits in payroll accounts to back financial services. This enables workers to use their payroll deposits to repay loans with any creditor, expanding credit options beyond the payroll-account managing institution.