Regulatory Alerts2020-01-22 | DOF 5584528Added
Authorization for the Organization and Operation of NVIO Pagos Mexico, S.A.P.I. de C.V., Electronic Payment Fund Institution
The Interinstitutional Committee authorizes NVIO Pagos Mexico, S.A.P.I. de C.V. to organize and operate as an Electronic Payment Fund Institution with a paid-in social capital of 3,300,000 Mexican pesos. The authorization is intransmissible and subject to supervision by the National Banking and Securities Commission and the Bank of Mexico. The entity must commence operations within six months of notification or face revocation, and it is permitted to handle cash transactions within regulatory limits.