economy and politics

The fintech industry works on proposals for presidential candidates

The fintech industry works on proposals for presidential candidates

The new members seek to bring the issues of the sector to the financial authorities and candidates for the presidency of Mexico.

Vallejo said in an interview that with the new Council he will seek formal meetings with the candidates to bring them a decalogue of the benefits that the industry offers.

“It is a public policy plan that we will be presenting in detail in the following weeks and we hope that the candidate can join,” highlighted the president of the Association.

For the manager, something they ask of the next government are clear rules for the sector, as well as aid to create a “level playing field” in terms of payroll portability, for example.

“I am ready to strengthen cooperative and collaborative relationships within the sector with traditional financial institutions and regulators, with the aim of sharing knowledge, ideas and solutions that help us build the future of digital economies, while improving the quality of lives of Mexicans and we promote more connected, safe and efficient industries and businesses,” said Mauricio Schwartzmann.

For his part, Canales, member of the board and director of Nu México, said that as part of the Council they will seek conversations with regulators and politicians.

“We have a very complete agenda that is focused again on creating both safe and easier experiences for Mexican users, which will allow more people to have much easier access to digital services; we well know that, for example, in rural areas, access to financial products is much lower than in urban areas,” he highlighted.

The fight against cash

Another measure that the union is seeking with the potentialization of digital payments is to help reduce the use of cash in Mexico, since more than 80% of the population continues to pay with this method, according to data from the Bank of Mexico.

In addition, according to Rivas, it is necessary to work with the National Banking and Securities Commission (CNBV) on the secondary law of the Fintech Law and the implementation of Open Banking or open finance.

“One of the first verticals that we should attack as an Association is what type of initiatives, what type of products and what type of regulation is needed to be able to make the use of digital payment methods more efficient, more capillary and more present,” he said. .

In addition, there will be a push to approve more licenses for new companies to operate.

“One of the barriers that the regulatory framework may have today and the areas of opportunity that it may have is to facilitate more and better entities to be established, to adhere to the framework of this regulation and, above that, to begin to offer services,” he noted. Warrior.



Source link