Regulatory Alerts2023-08-15 | DOF 5698445Added · Updated
Authorization for the Organization and Operation of Cashmind, S.A. de C.V., Electronic Payment Fund Institution
The National Banking and Securities Commission authorizes Cashmind, S.A. de C.V. to organize and operate as an Electronic Payment Fund Institution. The entity must maintain a minimum social capital equivalent to 500,000 UDIS and conduct its activities in national currency. Authorization is intransmissible and subject to supervision by the Commission and the Bank of Mexico. The entity must demonstrate compliance with legal requirements at least thirty business days prior to commencing operations.