Regulatory Alerts2022-09-08 | DOF 5663758Added · Updated
Authorization for the Organization and Operation of Toka Fintech S.A. de C.V., Electronic Payment Funds Institution
The Inter-institutional Committee unanimously authorizes Toka Internacional, S.A.P.I. de C.V. to organize and operate as an Electronic Payment Funds Institution named Toka Fintech S.A. de C.V. The entity is permitted to conduct activities defined in Articles 22 and 25 of the Law for the Regulation of Financial Technology Institutions, with an initial social capital of 10,000,000.00 Mexican pesos. The authorization is intransmissible and subjects the institution to the supervision of the National Banking and Securities Commission and the Bank of Mexico.