Mexico City, March 27, 2023
Jáuregui y Del Valle, S.C. has successfully advised Edenred on obtaining the authorization for the establishment and operation of its institution of electronic payment funds in Mexico, “Edenred México Fintech, S.A. de C.V., Institution of Electronic Payment Funds.” Edenred Mexico is a company that provides prepaid corporate services and solutions, including meal vouchers, corporate expense management, fuel cards, and employee incentives.
This permission is presented in compliance with the Law governing Financial Technology Institutions and the corresponding regulations that stipulate the prerequisites and protocols for acquiring consent from the National Banking and Securities Commission in Mexico.
The procedure of obtaining such authorization requires specialized advice and a skillful management of the requirements of the financial authorities. The legal team of Jáuregui y Del Valle, S.C. worked to ensure that regulatory requirements were fully satisfied.
In this regard, Alberto Balderas, Partner of Jáuregui y Del Valle, S.C., alongside Miguel Pinodueñas and Oscar Rodríguez, the Legal Team of Edenred, were 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, Edenred 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 experienced lawyers who are committed to the success of their clients.
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