Being aware of the evolution of the private sector and the adoption of new technologies in all sectors of the economy, in Abusaid Gomez & Asociados you will find a solid legal guidance for the creation and operation of technology platforms, with successful experience in FinTech areas such as mobile applications, payment gateways, virtual wallets, application requirements according to the service provided, among others.
Our team has an extensive knowledge of the provisions and applicable regulations so that technological platforms can operate and grow while fulfilling the obligations related to the protection of sensitive data in the digital platforms, the European General Data Protection Regime, and other applicable requirements according to the nature of the platform.
How can a “Company Specialized in Electronic Deposits and Payments” allow you to operate a virtual wallet in Colombia?
Colombia's goverment conceived "Companies Specialized in Electronic Deposits and Payments" in an attempt to create legal mechanisms that would allow the FinTech industry to grow, while simultaneously being safe and efficient enough for all the parties involved. Currently, this is the fitter legal figure for operating virtual wallets in Colombia.
What Fintech companies should know about legal regulations in Colombia.
After a 61% growth last year, Colombia currently has the third biggest Fintech Industry in South America. Despite that, currently Colombia does not have a single proper Fintech regulation nor even a bill about it, even when the government and other sectors have widely acknowledged its importance, as they are currently becoming one of the decisive agents for the future of the worldwide financial industry.
What are the rules to be observed while operating a crowdfunding platform in Colombia?
As crowdfunding activities were finally regulated by Colombia's goverment, these platforms are allowed to operate on clear grounds, making this a perfect time to invest in the industry or to start new crowdfunding initiatives.
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