BKBN

BKBN is a licensed Institución de Fondos de Pago Electrónico (Electronic Payment Fund Institution or IFPE) authorized by Mexico's Comisión Nacional Bancaria y de Valores (CNBV) to operate under the country's Fintech Law. The company received regulatory approval in April 2021, becoming the seventh fintech to obtain full authorization under Mexico's groundbreaking Ley Fintech framework. Founded in 2018 and headquartered in Santa Fe, Ciudad de México, specifically in Álvaro Obregón, BKBN operates as a small company with between two and ten employees according to public records. As an IFPE, BKBN is authorized to conduct operations including the issuance, administration, retention, and transmission of electronic payment funds, operating with a minimum initial capital of 500,000 UDIS (approximately 3.4 million pesos as of its authorization). The company began its regulatory process with the CNBV in October 2019, completing the required documentation and responding to regulatory inquiries before receiving approval. BKBN is subject to ongoing supervision by both the CNBV and Banco de México, as well as other competent financial authorities as required by Mexican law. The company positions itself as a banking alternative, offering electronic payment fund services in a highly regulated environment. As one of the early fintech companies to achieve full regulatory compliance under Mexico's fintech legislation, BKBN operates within a framework designed to ensure consumer protection, data security, and financial stability while enabling financial innovation through technology.