Regulatory Alerts2021-09-30 | DOF 5631312Added · Updated
Official Letter Authorizing the Organization and Operation of Mexpago Transacciones, S.A.P.I. de C.V., Electronic Payment Fund Institution
The National Banking and Securities Commission authorizes Mexpago Transacciones, S.A.P.I. de C.V. to organize and operate as an Electronic Payment Fund Institution with an initial social capital of $9,663,000.00 MXN and an indefinite duration. The entity 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 applicable general provisions. The authorization is intransmissible and requires adherence to specific obligations outlined in a separate official letter dated March 29, 2021.