Rappi’s Authorization to operate in Mexico

Jáuregui y Del Valle advised Rappi on the procedure

Colombia-based startup Rappi has secured the authorization from Comisión Nacional Bancaria y de Valores (CNBV) to operate in Mexico.

In June, Rappi announced it has plans to launch its own Visa debit card in Mexico, aiming to add more options for its customers. While the company already has a payment processor, RappiPay, it aims to develop more financial products. With this new Visa partnership, Rappi will be able to explore other services, such as savings accounts and credit lines.

The Colombian unicorn is seeking to expand its reach and gradually widen its focus to new customers. One of Rappi’s new goals is increasing the app’s customer base to the general public.

Jáuregui y Del Valle advised Rappi with a team led by Alberto Balderas (Picture).

Involved fees earner: Alberto Balderas – Jauregui y Del Valle, S.C.;

Law Firms: Jauregui y Del Valle, S.C.;

Clients: Rappi SAS;

Author: Ambrogio Visconti.