Regulatory Alerts2021-06-07 | DOF 5620471Added · Updated
Official Letter Granting Authorization for the Organization and Operation of Coltomoney, S.A. de C.V., Electronic Payment Funds Institution
The National Banking and Securities Commission authorizes Coltomoney, S.A. de C.V. to organize and operate as an Electronic Payment Funds Institution, subject to a suspensive condition requiring compliance with specific points in an annex within ninety calendar days. The entity is assigned an initial social capital of $19,626,000.00 MXN and is authorized to receive or deliver cash to clients within established limits. The authorization becomes effective upon publication in the Official Gazette of the Federation, which occurs only after the entity demonstrates compliance with the regulatory reporting requirements and the annexed conditions.