Regulatory Alerts2025-06-16 | DOF 5760138Added · Updated
Official Letter Granting Authorization for the Organization and Operation of Finco Pay, S.A. de C.V., an Electronic Payment Fund Institution
The National Banking and Securities Commission authorizes Finco Pay, S.A. de C.V. to organize and operate as an Electronic Payment Fund Institution with an initial social capital of $24,100,000.00 MXN. The entity must comply with the requirements of Article 40 of the Law for the Regulation of Financial Technology Institutions at least thirty business days prior to commencing operations. The authorization is intransmissible and subjects the institution to the supervision of the Commission and the Bank of Mexico under applicable financial technology regulations.