Regulatory Alerts2021-04-28 | DOF 5617025Added · Updated
Official Letter Authorizing the Organization and Operation of Tu Dinero Digital, S.A. de C.V., Electronic Payment Funds Institution
The National Banking and Securities Commission authorizes Tu Dinero Digital, S.A. de C.V. to organize and operate as an Electronic Payment Funds Institution with an initial share capital of $32,500,000.00 MXN and a corporate domicile in San Pedro Garza García, Nuevo León. The authorization is intransmissible and subjects the entity to the supervision of the Commission and the Bank of Mexico under the Law for the Regulation of Financial Technology Institutions. The entity must commence operations within six months of notification, failing which the authorization may be revoked, and is permitted to handle cash transactions within established limits.