A multipurpose financial company (commonly known as a SOFOM) is a regulated financial entity.
By the National Banking and Securities Commission。
A SOFOM may engage in more than one financial business.。
They may conduct business related to leasing and financing。
SOFOM has become a pillar of Mexico's economy，It is also the most popular format
Financial Institutions in Mexico。In the past 5 This is especially true for banking licenses that have been in effect for over a year.
It's becoming increasingly difficult to obtain。
SOFOMs can be classified as “unregulated financial entities” and “regulated financial entities.”
"Entity"。
The most significant difference between these two categories is the fact that money is retained.
Your customer at a bank in Mexico。Regulated entities will be able to offer more advanced and
Financial products that are larger than unrelated entities。
SOFOMs must comply with certain obligations，For example：
● Display the payment amount before signing the contract。
● Disclose Commissions、Rates and Subscription Fees。
● Notify the customer of the interest to be charged and the term of the installment plan。
More Information About the Mexican Banking Industry，Please contact us。
