Regulatory Alerts2024-08-12 | DOF 5735758Added
Official Letter Authorizing the Organization and Operation of Yucash Mx, S.A.P.I. de C.V., an Electronic Payment Funds Institution
The National Banking and Securities Commission authorizes Yucash Mx, S.A.P.I. de C.V. to organize and operate as an Electronic Payment Funds Institution with an initial social capital of $5,606,300.00 MXN and its domicile in Mérida, Yucatán. The authorization is intransmissible and subjects the entity to supervision by the Commission and the Bank of Mexico under the Law for the Regulation of Financial Technology Institutions. The entity must demonstrate compliance with the requirements of Article 40 of said Law at least thirty business days prior to commencing operations.