Regulatory Alerts2021-10-29 | DOF 5634068Added · Updated
Official Letter Authorizing the Organization and Operation of Lanapay Mexico, S.A. de C.V., Electronic Payment Funds Institution
The National Banking and Securities Commission authorizes Lanapay Mexico, S.A. de C.V. to organize and operate as an Electronic Payment Funds Institution with an initial social capital of $48,165,220.00 MXN. The authorization is intransmissible and subject to supervision by the Commission and the Bank of Mexico. The entity must commence operations within six months of notification or face revocation, and must verify compliance with Article 40 requirements at least thirty business days prior to starting operations.