Dapp Receives Authorization to Operate as a Brokerage Administrator

Published 2 months ago

The National Banking and Securities Commission (CNBV) has granted authorization to Dapp, a network that connects businesses with various payment methods, to operate as a brokerage administrator. This approval allows Dapp to support its clients, including IFPs, banks, and Popular Financial Companies (Sofipos), in receiving cash deposits through thousands of establishments.

Enhanced Access to Financial Services

The CNBV’s authorization will enable Dapp to expand its network of cash receipt points, thereby facilitating access to financial services for millions of people without traditional bank accounts. Users can quickly and securely make cash deposits at a wide variety of establishments, such as supermarkets, convenience stores, pharmacies, and changarros, thereby providing convenience and speed.

Benefits for Businesses

Offering this new service will potentially attract new customers looking for this form of payment, driving more customer traffic to businesses. Businesses can also generate additional revenue from every transaction made.

Dapp operates using QR code-based technology, allowing users and businesses to conduct any financial operation without the need for cash or cards. The platform integrates virtual wallets, digital banking interfaces, credit apps, and other payment methods into a single solution.