Mexico City, March 27, 2023.
Jáuregui y Del Valle, S.C. has successfully advised Up Sí Vale on obtaining the necessary authorization for the establishment and operation of its institution of electronic payment funds in Mexico, ” Sí Vale Fintech, S.A. de C.V., Institución de Fondos de Pago Electrónico”. Sí Vale is a Mexican company that offers solutions for payment and benefits management, such as food voucher cards, fuel cards, and incentive programs.
This authorization is granted in accordance with the Law for the Regulation of Financial Technology Institutions and its aplicable regulations, which establish the requirements and procedures for obtaining authorization from the National Banking and Securities Commission in Mexico.
The procedure of obtaining such authorisation requires specialized advice and proper management of the financial authorities requirements. The legal team of Jáuregui y Del Valle, S.C. worked to ensure that regulatory requirements were fully satisfied.
In this regard, the leading Partner of Jáuregui y Del Valle, S.C., Alberto Balderas, and César Penagos, Legal Director of Up Sí Vale, played a key role in this process. Their expertise and knowledge in the matter were fundamental to ensuring success in obtaining the required authorization.
By obtaining this authorization, Up Sí Vale can continue to expand its electronic payment services in Mexico and offer innovative solutions for the Mexican financial market.
Jáuregui y Del Valle is one of Mexico’s leading law firms, with over 40 years of experience advising companies in a wide range of areas of law. The firm has a team of highly trained lawyers who are committed to the success of their clients.
