Regulatory Alerts2023-12-06 | DOF 5710551Added
Office Letter Granting Authorization for the Organization and Operation of an Electronic Payment Funds Institution Named BEYAPSI, S.A.P.I. de C.V., Electronic Payment Funds Institution
Authorization for the organization and operation of an Electronic Payment Funds Institution named BEYAPSI, S.A.P.I. de C.V., Electronic Payment Funds Institution, was unanimously approved by the Interinstitutional Committee based on compliance with the Law to Regulate Financial Technology Institutions. The entity is established with an indefinite duration and an initial share capital of 7,700,000.00 Mexican pesos, with its corporate domicile in Guadalajara, Jalisco. The institution is subject to supervision by the National Banking and Securities Commission and the Bank of Mexico, and must comply with applicable regulations regarding electronic payment funds, anti-money laundering, and counter-terrorist financing.
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