Regulatory Alerts2023-04-10 | DOF 5685148Added · Updated
Authorization for the Organization and Operation of Alto Azareo Tecnología, S.A. de C.V., Electronic Payment Fund Institution
The National Banking and Securities Commission authorizes the organization and operation of Alto Azareo Tecnología, S.A. de C.V. as an Electronic Payment Fund Institution. The entity is established with an initial social capital of $11,000,000.00 MXN and must commence operations in Mexico City. The authorization is intransmissible and subjects the institution to the supervision of the Commission and the Bank of Mexico, requiring compliance with the Law for the Regulation of Financial Technology Institutions and related general provisions.