The National Banking and Securities Commission (CNBV) passed the certification of edenred as a regulated company under the Law to Regulate Financial Technology Institutions, known as the Law fintech.
The official letter was published this Wednesday, March 1, after the previous agreement made by the Inter-Institutional Committee, which is made up of the Bank of Mexico as well as the Ministry of Finance.
In this way, the Fintech Edenred joins the latest additions to this sector: Sí Vale and Klar, which obtained their approval in recent days and only await the publication of the approval in the Official Gazette of the Federation (DOF).
eden red is official
Before its approval by the CNBV, edenred operated regularly under the protection of the eighth transitory provision of the Law fintech.
This statute allows the operation of a company under the scheme fintech when the procedures for its approval by the CNBV are in process. However, it should be noted that if the CNBV declares that a company fintech cannot continue operating due to various irregularities, it must stop or halt its functions immediately.
Otherwise, if the CNBV determines that the company has the correct guidelines to operate under the Law fintechit will obtain its certification.
It should be noted that the approval of the CNBV it can take years of study and analysis. Such is the example of edenredwho delivered his authorization between September 24 and 25, 2019, however, it was until this day, 3 years and 5 months later, that he obtained his certification.
With this addition, companies fintechin Mexico, grow to reach 49 companies, of which 32 belong to the figure of Institution of Electronic Payment Funds (IFPE), and 17 to Collective Financing Institutions (IFC).
edenred is a company focused on the labor field by offering a series of services focused on food, mobility and corporate payments for companies. Among its products are:
- Integration with strategic alliances.
- Custom solutions.
- Personalized attention.
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