Regulatory Alerts2021-03-18 | DOF 5613853Added · Updated
Authorization for the Organization and Operation of BRX Payments, S.A. de C.V., Electronic Payment Funds Institution
The National Banking and Securities Commission authorizes Broxel Vales, S.A.P.I. de C.V. to organize and operate as an electronic payment funds institution named BRX Payments, S.A. de C.V., with an initial social capital of $4,014,116.00 MXN. The authorization is intransmissible and subject to supervision by the Commission and the Bank of Mexico. The entity must commence operations within six months of notification, or the authorization will be revoked, and must verify compliance with Article 40 requirements at least thirty business days prior to starting operations.