Official Letter Granting Authorization for the Organization and Operation of Coltomoney, S.A. de C.V., Electronic Payment Funds Institution — SHCP — MX

DOF: 07/06/2021

OFFICIAL LETTER granting the authorization for the organization and operation of an electronic payment funds institution to be named Coltomoney, S.A. de C.V., Electronic Payment Funds Institution.

A seal bearing the National Coat of Arms appears on the margin, which reads: United Mexican States.- TREASURY.- Ministry of Finance and Public Credit.- National Banking and Securities Commission.- Presidency.- Official Letter No.: P011/ 2021.

Subject:

Authorization for the organization and operation of an electronic payment funds institution to be named Coltomoney, S.A. de C.V., Electronic Payment Funds Institution.

COLTOMONEY, S.A. DE C.V.
Poniente 134-470,
Col. Nueva Industrial Vallejo, C.P. 07700
Gustavo A. Madero, Mexico City

TO: CLAUDIA PONCE BECERRIL
Legal Representative

With a written submission presented on September 17, 2019, Coltomoney, S.A. de C.V. requested authorization from the National Banking and Securities Commission (Commission) to organize and operate as an electronic payment funds institution to be named Coltomoney, S.A. de C.V., Electronic Payment Funds Institution, attaching the corresponding supporting information and documentation.

As a background, it should be noted that this Commission warned Coltomoney, S.A. de C.V. within the timeframe established in the Law to Regulate Financial Technology Institutions, in order for it to address various observations and recommendations regarding its authorization request.

In relation to the above, Coltomoney, S.A. de C.V. submitted various documents and information in order to respond to the aforementioned warning. Likewise, this authority required Coltomoney, S.A. de C.V. to provide various complementary documents and information so as to be in a position to address its authorization request; therefore, that company complied with the request for complementary information and sent updated documentation and information regarding its file.

Regarding this matter, the Interinstitutional Committee, in a session held on January 29, 2021, based on articles 11 and 35, in relation to articles 22 and 25 of the Law to Regulate Financial Technology Institutions, and

CONSIDERING

FIRST.- That the documentation and information presented in connection with the authorization request for the organization and operation of the electronic payment funds institution to be named Coltomoney, S.A. de C.V., Electronic Payment Funds Institution, meets the requirements provided for in article 22, in relation to article 39 of the Law to Regulate Financial Technology Institutions and with articles 3, 4 and 6 of the General Provisions applicable to Financial Technology Institutions, as well as with the rest of the regulation that corresponds to it by its nature;

SECOND.- That from the analysis of the documentation and information received, it was concluded that from the legal, financial and operational point of view, it is appropriate to grant the requested authorization, therefore the following was adopted:

AGREEMENT

" FIRST.- The members of the Interinstitutional Committee, based on article 35 of the Law to Regulate Financial Technology Institutions, unanimously approved the authorization for the organization and operation of an electronic payment funds institution to be named Coltomoney, S.A. de C.V., Electronic Payment Funds Institution under the terms of the proposal presented and subject to the suspensive condition that that company fully complies with the points contained in the Annex to the Attentive Note of this subject, within a period of ninety calendar days counted from the next business day following the date of notification of the official letter in which its authorization to organize and operate as an Electronic Payment Funds Institution is stated. This is understood to mean that if the condition is not met within the fixed period, the authorization will be considered nonexistent, for all legal effects.

The entity whose organization and operation is authorized will be subject to the following:

BASES

FIRST.-
The name of the company will be Coltomoney, S.A. de C.V., Electronic Payment Funds Institution.

SECOND.-
It will have its corporate domicile in Mexico City.

THIRD.-
Its duration will be indefinite.

FOURTH.-
The amount of its initial social capital will be $19,626,000.00 (nineteen million six hundred twenty-six thousand pesos 00/100 M.N.), represented by 19,626,000 ordinary shares of classes "I" and "II", with a nominal value of $1.00 (one peso 00/100 M.N) each, of which 19,625,000 represent the fixed social capital without right of withdrawal and 1000 represent the variable social capital.

FIFTH.-
Its corporate purpose will correspond to the activities indicated in article 22 of the Law to Regulate Financial Technology Institutions and it will carry out the operations and provision of services established in article 25, sections I, II, III, IV, V, VII, IX, X and XIII of the aforementioned Law to Regulate Financial Technology Institutions.

SIXTH.-
The authorization referred to in this official letter is, by its very nature, non-transferable.

SEVENTH.-
The institution will be subject to the supervision of the National Banking and Securities Commission and the Bank of Mexico, in the exercise of their respective powers, as well as of the other competent financial authorities under the terms established by law.

EIGHTH.-
The services consisting of the issuance, administration, redemption and transmission of electronic payment funds that the institution provides by virtue of this authorization, as well as the other operations it carries out, as well as its organization and operation in general, will be subject, in what is not expressly stated in this official letter, to the Law to Regulate Financial Technology Institutions, to the rules and general provisions applicable to Financial Technology Institutions issued by the National Banking and Securities Commission, to the provisions regarding its operations issued by the Bank of Mexico and to the other current norms and provisions and those that are issued in the future by any competent authority, including those related to operations with funds of illicit origin and terrorist financing, which by their nature are applicable.

In relation to the foregoing, Coltomoney, S.A. de C.V., Electronic Payment Funds Institution must demonstrate that it has fully complied within a period of ninety calendar days counted from the next business day following the date of notification of this official letter, with the points contained in the Annex of Official Letter P013/2021 dated January 29, 2021.

Therefore, until Coltomoney, S.A. de C.V., Electronic Payment Funds Institution demonstrates compliance with the requirement referred to in the preceding paragraph, the publication in the Official Gazette of the Federation of the authorization referred to in article 38 of the Law to Regulate Financial Technology Institutions will take place and it will take effect.

Likewise, within the aforementioned period, Coltomoney, S.A. de C.V., Electronic Payment Funds Institution must send to this Commission the information corresponding to the regulatory reports mentioned in article 100 of the General Provisions applicable to Financial Technology Institutions, through electronic transmission using the Interinstitutional Information Transfer System (SITI), for which it must previously send to the following email address cesiti@cnbv.gob.mx , the name of the person responsible for quality, as well as the name(s) of the person(s) responsible for sending the information, in the manner indicated in Annex 20 of the aforementioned General Provisions applicable to Financial Technology Institutions. In this sense, the designation of the person responsible for the quality of the information must fall on executives who are within the two lower hierarchies below the general director of Coltomoney, S.A. de C.V., Electronic Payment Funds Institution, who have responsibility for the handling of the information, and may designate more than one person as responsible for sending the information, depending on the type of information in question, in observance of what is established in article 103 of the aforementioned Provisions.

Finally, this Commission, based on article 45 of the Law to Regulate Financial Technology Institutions, in relation to article 9 of the General Provisions applicable to Financial Technology Institutions and complementarily to the Agreement adopted by the Interinstitutional Committee under the terms stated above, authorizes Coltomoney, S.A. de C.V., Electronic Payment Funds Institution to receive or deliver amounts of cash to its clients, in the cases and with the limits established in the aforementioned General Provisions applicable to Financial Technology Institutions.

This is issued based on articles 16, sections I and XVII of the Law of the National Banking and Securities Commission and 12 and 41, sections I and III of the Internal Regulations of the National Banking and Securities Commission.

Sincerely

Mexico City, January 29, 2021. - Juan Pablo Graf Noriega.- Signature.

In the document you are viewing, there may be text, characters or objects that do not display correctly due to conversion to HTML format, so we recommend always taking the digitized image of the DOF or the PDF file of the edition as a reference. The content, form and scope of the published documents are the strict responsibility of their issuer.

INQUIRY

BY DATE

Do Mo Tu We Th Fr Sa

INDICATORS

Exchange Rate and Rates as of 08/28/2026

DOLLAR
16.9712 UDIS
8.808812 TIIE 28 DAYS
6.7559% TIIE 91 DAYS
6.7931% TIIE 182 DAYS
6.8474% TIIE DE FONDEO
6.50%

SURVEYS

Did you like the new image of the Official Gazette of the Federation website?

No
Yes

Official Gazette of the Federation

Río Amazonas No. 62, Col. Cuauhtémoc, C.P. 06500, Mexico City Tel. (55) 5093-3200, where you can access our menu of services