The Central Bank of the Republic of El Salvador undertook a new national strategy in Fintech, where it seeks to promote the development of the financial ecosystem, enabling the establishment of this type of companies as ‘national payment system platforms’. “This initiative of the Central Bank of El Salvador is consistent with the country’s goal of promoting and focusing on a digital economy. As lawyers dedicated to the Fintech area, we are facing a historic moment of technological innovation and adaptation to change throughout the region.
Through this crusade, we observe how different businesses -born under a new legal order- are inserted in the Salvadoran economy and seek to streamline and save time in matters that were previously done in another way”, said Francisco Murillo, associate of CENTRAL LAW in El Salvador.
For more information, contact our associate attorney Francisco Murillo at fmurillo@central-law.com
