Sí Vale would be the 47th fintech to be authorized

The firm specialized in the issuance of grocery vouchers yes ok has been definitively authorized to operate as Institution of Electronic Payment Funds (IFPE) under the law to Regulate Financial Technology Institutions, known as Ley Fintech.

According to a copy of the official letter held by this medium, in the recent session of the Inter-institutional Committee, held on February 23 of this year, compliance with the observations to which the company was subjected, in its suspensive condition, was reported. Therefore, the actions were carried out so that its final guarantee is published in the coming days in the Official Gazette of the Federation (DOF).

With this authorization, there would be 47 companies definitively authorized to operate under the Fintech Law, of which there would be 30 IFPEs and 17 collective funding institutions.

The IFPE of Sí Vale had already been operating since before the enactment of the Fintech Law, so having entered your application in a timely manner, it could continue operations, under the eighth transitory, and in case of not having obtained the authorization, it had to stop them, which was not necessary because he did obtain the final endorsement of the authority.

According to information from the firm, the products it operates under its fintech are:

* Business Card.

* Business Card Acceso Total.

* Incentives.

* Total Access Incentives.

*Supports.

* My Purchases Plus.

With the authorization to the Sí Vale fintech, the operation of these products will be supervised by the National Banking and Securities Commission.

managers

Although the authority’s document is addressed to Gerardo Yépez Reynda and Lizbeth Rivero Castañeda, as legal representatives of the firm, in the Public Registry of Commerce Gaëtan Jean Víctor Chauderlot appears as Chairman of the Board of Directors, in addition to Youseff Achour and Alberto Fabián Miranda Gutiérrez as independent director of the fintech.

According to the registry, Sí Vale México, Sociedad Anónima de Capital Variable, has the majority shareholding in the company, while the French The Up Group would have a minority.