Authorization for the Organization and Operation of Fintoc, S.A. de C.V., Electronic Payment Funds Institution

DOF: 26/08/2025

OFFICE LETTER granting authorization for the organization and operation of an Electronic Payment Funds Institution to be named Fintoc, S.A. de C.V., Electronic Payment Funds Institution.

A seal bearing the National Coat of Arms appears on the margin, stating: United Mexican States.- Treasury.- Ministry of Finance and Public Credit.- National Banking and Securities Commission.- Vice Presidency of Regulation.- General Directorate of Special Authorizations.- Vice Presidency of Supervision of Groups and Financial Intermediaries B.- General Directorate of Supervision of Financial Technology Institutions.-

Office No. 311-14377/2025.

SUBJECT:

AUTHORIZATION

FOR

THE

ORGANIZATION

AND

OPERATION

OF

AN

ELECTRONIC

PAYMENT

FUNDS

INSTITUTION

TO

BE

NAMED

FINTOC,

S.A.

DE

C.V.,

ELECTRONIC

PAYMENT

FUNDS

INSTITUTION.

FINTOC,

S.A.

DE

C.V.

TABASCO

NO.

262,

INTERIOR

101,

COLONIA

ROMA

NORTE,

C.P.

06700,

CUAHTEMOC,

MEXICO

CITY.

TO:

MR.

FAUSTO

MARCELO

SAINZ

MARTINEZ

LEGAL

REPRESENTATIVE

In accordance with Articles 1 and 2 of the Law of the National Banking and Securities Commission, this National Banking and Securities Commission (the Commission) is a decentralized body of the Ministry of Finance and Public Credit, whose purpose is to supervise and regulate, within the scope of its competence, the entities comprising the Mexican financial system, in order to ensure their stability and proper functioning, as well as to maintain and foster the sound and balanced development of said system as a whole, in protection of the public's interests.

Pursuant to Article 4, fractions XI and XXXVIII of said Law, the Commission is authorized to authorize the constitution and operation of those entities specified by the laws, as well as to exercise the other powers attributed to it by the Law of the National Banking and Securities Commission.

In this regard, Article 35 of the Law for Regulating Financial Technology Institutions establishes that persons seeking to carry out the activities attributed to collective financing institutions or electronic payment funds institutions must request authorization as a financial technology institution from the Commission, which will grant it when, in its judgment, the legal and regulatory requirements are adequately met, prior to agreement by the Interinstitutional Committee.

Considering the foregoing, with a written submission presented on February 7, 2024, Mr. Fausto Marcelo Sainz Martinez, in his capacity as legal representative of the company named Fintoc, S.A. de C.V. (Fintoc), requested authorization from the Commission to organize and operate as an Electronic Payment Funds Institution to be named Fintoc, S.A. de C.V., Electronic Payment Funds Institution, attaching the corresponding supporting information and documentation indicated in Article 39 of the Law for Regulating Financial Technology Institutions.

In terms of Article 5, second paragraph of the Law for Regulating Financial Technology Institutions, this Commission issued a notice to Fintoc within the term established in said law to address various observations regarding its authorization request to organize and operate as an Electronic Payment Funds Institution; therefore, Fintoc submitted documentation and information to respond to the aforementioned notice.

Additionally, this authority required Fintoc to provide various complementary documentation and information in order to have sufficient elements of judgment to resolve the authorization request presented; consequently, Fintoc, in response to said requirement, sent updated documentation and information regarding its file.

Likewise, Fintoc requested an extension of the resolution term, which was granted by this Commission.

Having stated the foregoing, you are hereby informed that the Interinstitutional Committee, in a session held on August 12, 2025, based on Articles 11 and 35, both of the Law for Regulating Financial Technology Institutions, and

CONSIDERING

FIRST.

• That the documentation and information presented in connection with the authorization request for the organization and operation of the Electronic Payment Funds Institution to be named Fintoc, S.A. de C.V., Electronic Payment Funds Institution, complies with the requirements set forth in Article 39 of the Law for Regulating Financial Technology Institutions and with Articles 3, 4, and 6 of the General Provisions applicable to Financial Technology Institutions, and

SECOND.

• That from the analysis of the received documentation and information, it was concluded that, from a legal, financial, and operational standpoint, it is appropriate to grant the requested authorization; therefore, in accordance with the certification of the Substitute Secretary of the Interinstitutional Committee, which is transcribed in the pertinent part, the following was adopted:

AGREEMENT

" FIRST.

• The members of the Interinstitutional Committee, in accordance with Articles 11 and 35 of the Law for Regulating Financial Technology Institutions, unanimously agreed to grant the authorization for the organization and operation of an electronic payment funds institution to be named Fintoc, S.A. de C.V., Electronic Payment Funds Institution ... "

The aforementioned agreement is adopted without prejudice to the other authorizations that, in connection with the described act, must be obtained from the Commission or any other financial authority, in terms of the applicable provisions, as well as the exercise of the powers attributed to the Commission itself during the organization process of Fintoc, S.A. de C.V., Electronic Payment Funds Institution, in which the applicable requirements for the commencement of operations must be fulfilled.

For the foregoing, this National Banking and Securities Commission, prior to the agreement of the Interinstitutional Committee, authorizes the organization and operation of an Electronic Payment Funds Institution to be named Fintoc, S.A. de C.V., Electronic Payment Funds Institution.

The entity whose organization and operation is authorized will be subject to the following:

BASES

FIRST.

The name of the company will be Fintoc, S.A. de C.V., Electronic Payment Funds Institution.

SECOND.

It will have its social domicile in Mexico City.

THIRD.

Its duration will be indefinite.

FOURTH.

The amount of its initial social capital will be $15,000,000.00 (fifteen million pesos 00/100 M.N.).

FIFTH.

Its corporate purpose will correspond to the realization of activities in national currency contemplated in Article 22 of the Law for Regulating Financial Technology Institutions.

Additionally, it may carry out the activities provided for in Article 25 of the aforementioned legal instrument, in accordance with its corporate purpose.

SIXTH.

The authorization referred to in this office letter is, by its very nature, non-transferable.

SEVENTH.

Fintoc, S.A. de C.V., Electronic Payment Funds Institution will be subject to the supervision of the National Banking and Securities Commission and the Bank of Mexico, in the exercise of their respective attributes, as well as of other competent financial authorities in the terms established by laws and provisions emanating from them.

EIGHTH.

The services consisting of the issuance, administration, redemption, and transmission of electronic payment funds that Fintoc, S.A. de C.V., Electronic Payment Funds Institution provides by virtue of this authorization, as well as the other operations it carries out, as well as its organization and operation in general, will be subject to the Law for Regulating Financial Technology Institutions, to the rules and general provisions applicable to Financial Technology Institutions issued by the National Banking and Securities Commission, to the provisions jointly issued by the National Banking and Securities Commission and the Bank of Mexico, and to the other current norms and provisions and those that may be issued in the future by any competent authority, including those related to operations with resources of illicit origin and terrorism financing, which by their nature are applicable.

Fintoc, S.A. de C.V., Electronic Payment Funds Institution must demonstrate to this Commission, at least thirty business days in advance of the start of its operations, compliance with the requirements established in Article 40 of the Law for Regulating Financial Technology Institutions.

This is issued based on the legal provisions invoked above, as well as in the exercise of the powers conferred in Articles 1, 2, 4, fractions XI and XXXVIII, 10, fraction V of the Law of the National Banking and Securities Commission; Articles 142 and 145, fraction IV of the Law for Regulating Financial Technology Institutions; as well as Articles 1, 3, fraction V, 4, fractions I, section B, and II, section B, numerals 22) and 32), 14, 35, 45, fraction I, and 64, first and third paragraphs of the Internal Regulations of the National Banking and Securities Commission, published in the Official Gazette of the Federation on February 28, 2022.

Respectfully,

Mexico City, August 15, 2025.-

General Director of Special Authorizations, Lic. Brenda Amparo Menes Cárdenas.-

Signature.-

General Director of Supervision of Financial Technology Institutions, Mtra. Leticia Castellanos García.-

Signature.

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