Written in FINTECH he
klar and yes ok will become the new companies fintech number 46 and 47, respectively, to operate in Mexico after obtaining the license as Electronic Payment Fund Institutions (IFPE’s).
This license will allow both companies to operate under the so-called Law to Regulate Financial Technology Institutions, better known as fintech law. However, and despite the delivery of both licences, both klar as yes ok await the publication of this license in the Official Gazette of the Federation.
The addition of klar and yes ok to the panorama fintech in Mexico It occurs within a framework of growth within this financial sector, which is currently made up of more than 600 financial institutions in 2023.
The new Fintech in Mexico
klar It was founded in 2019 with a series of financial products such as credit and debit cards in an alliance with the mega company Mastercard. Like various companies fintechKlar offers this class of financial products to its clients without the requirement of having a minimum balance as well as the denial of interest.
It should be noted that in June 2022, klar obtained a round of financing of 90 million dollars, which together with obtaining the new license, will help the company to “continue cultivating the ecosystem of klar Payment and thus increase participation in the financial lives of our customers”, declared Stefan Möller, CEO of klar.
In the case of yes oka firm specializing in the issuance of grocery vouchers, has operated since before the promulgation of the fintech law through various products such as:
- business card
- Full Access Business Card
- My Purchases Plus
“Yeah ok Fintech enters a sector in constant growth, in which it seeks to respond to the current needs of Mexican companies of any size with financial products that were created following the trends of a market that has been driven by digitalization and new consumption habits. as a result of the pandemic, ”said the firm.
Both fintech They are waiting for the publication of their license in the Official Gazette of the Federation in addition to their appearance or integration in the Catalog of the Mexican Financial System.
Follow Heraldo Binario on Google News, CLICK HERE.