Depósitos y Pagos Digitales S.A.P.I. de C.V.

Depósitos y Pagos Digitales S.A.P.I. de C.V. is an Institución de Fondos de Pago Electrónico (Electronic Payment Funds Institution or IFPE) authorized by the Comisión Nacional Bancaria y de Valores (CNBV), Mexico's banking and securities regulator. The company operates as a subsidiary of Kuspit Casa de Bolsa, a brokerage firm, and received its regulatory authorization in November 2022 to operate as a digital wallet provider under Mexico's Fintech Law. The entity was established with an initial capital of 12.3 million Mexican pesos and is headquartered in the Cuauhtémoc municipality of Mexico City. As an IFPE, Depósitos y Pagos Digitales is permitted to offer electronic payment fund services, which typically include digital wallets or electronic money accounts that allow users to conduct digital transactions, make purchases, send money, and pay for services. IFPEs in Mexico can operate with national currency (pesos), foreign currency, and in some cases virtual assets, providing a regulated alternative to traditional banking services. The company serves as the operational vehicle for Kuspit's digital wallet infrastructure, enabling the brokerage to expand its financial services beyond traditional securities trading into the digital payments ecosystem. The authorization positions Depósitos y Pagos Digitales within Mexico's growing fintech regulatory framework, which seeks to balance innovation with consumer protection and financial system stability. As a regulated IFPE, the company must comply with anti-money laundering requirements, cybersecurity standards, and consumer protection regulations established by Mexican financial authorities including the CNBV and Banco de México.