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Ripio receives a money sender license in Mexico: Here is what you need to know

Ripio, the leading company in the field of digital asset management, was declared as a money sender from the National Banking and National Securities Committee in Mexico (CNBV).

This new registration allows Ripio to work with national and international funds and expand its indulgence in the Latin American world.

In an official statement to Cointelegraph In the Spanish language, the company noticed its intention to continue expanding in the region and modernizing its infrastructure.

Improving border payment services

Now as a money transmission device, Ripio plans to use its business unit, Ripio Business, which develops institutions for institutions.

They want to create a reliable infrastructure for border payment management that allows the easiest capital transport features for startups, small and medium -sized companies and large companies alike.

Matthias Dajez, chief revenue official in Ribo, told Cointelegraph that registration allows global transactions faster and more compatible with its customers.

He added that this is an important step for the company to expand its arrival and enhance its infrastructure in the region.

This strategic change will strengthen services while improving the organizational compliance with the anti -money laundering rules (AML) and combating terrorist financing rules (CFT).

Before obtaining a money -in -law license, Ripio was already adopted by the SOC1 and Soc2 compliance as a first step to comply with many international standards.

To comply with the Mexican Financial Authority, the company will perform annual audits to ensure that operations are compatible with expectations.

Compliance is a priority for both authorities and agents who want safe financial transactions.

Dealing with cross -border transactions

The Ripio platform is designed to solve common challenges in border payments, such as high fees and the complexity of multiple bank account management with various operations.

By taking advantage of the Blockchain technology for tracking and speed, with the integration of local FIAT coins, Ripio provides companies for a more flexible and efficient way to managing payments.

Ripio display is unique due to its wide local coverage in the region. It is one of the few organizations that can work efficiently across the multiple Latin American countries.

Promote B2B partnerships via Latin America

Ripio expands its cooperation throughout Latin America to strengthen its position in the B2B market.

The company has made a partnership with major companies such as Mercado Pago (Brazil and Chile), IOL Reportsions (Argentina) and OCA BLU to develop and expand its services, and link its financial portal with the payment industry.

These partnerships are important in providing companies with the full range of services they need while moving in the complexity of cross -border transactions.

This new license is completed as a money sender in Mexico, Reibo’s vision for being a bridge for revolutionary products and services in the financial ecosystem in Latin America.

This is also a movement to create a more efficient and safe way to transfer value across countries.

Post Ripio receives a license to the money sender in Mexico: Here is what you need to know first on Invezz

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