Regulatory Alerts2021-10-12 | DOF 5632292Added · Updated
Official Letter Authorizing the Organization and Operation of Fintech on Demand, S.A. de C.V., Electronic Payment Funds Institution
The National Banking and Securities Commission authorizes OCSI SOLUCIONES, S.A. de C.V. to organize and operate an Electronic Payment Funds Institution named FINTECH ON DEMAND, S.A. de C.V. The entity is granted an initial social capital of 11,000,000.00 Mexican pesos, with its domicile in San Pedro Garza García, Nuevo León, and an indefinite duration. The institution is subject to supervision by the Commission and the Bank of Mexico, and must comply with the Law for the Regulation of Financial Technology Institutions and specific operational conditions outlined in the authorization.