The government of Venezuela banned the taxi and delivery company Yummy open fundraising bank accounts or use them as a transfer service, by disposition of the Superintendency of Banking Sector Institutions (Sudeban).
“We present this measure once morest Yummy in a circular reflecting various operating irregularities that significantly affect regulatory compliance and authorized by Sudeban”, reported in a communiqué.
#ULTIMAHORA ????????
SUDEBAN @SudebanInforma PROHIBITS national banking entities from opening bank accounts and their aforementioned transactions to @yummy_superapp.
In SUDEBAN’s opinion, yummy does not comply with the resolution #FINTECH. They also observe irregularities in the OPS. pic.twitter.com/zIUn30HJBl
— Criptolawyer.eth????Bogotá???????? (@criptolawyer) September 28, 2022
This circular was also sent by Sudeban to financial institutions, providers of authorized points of sale and issuer companies. debit cards, credit, among others.
Until Yummy does not comply with the legal regulations of the Sudebanyou will not be able to make payments or deposits using bolivars o foreign exchange.
Sudeban has requested complete data on the different financial products delivered or obtained by Yummy in each bank, according to the article 15 of the decree with Rank, Value and Force of the Law of Institutions of the Banking Sector.
investment capital
On June 2, the Venezuelan startup, Yummy, raised a total of $47 million with the purpose of expanding in other Latin American countries.
The company that delivers from food to clothing, processes some 800,000 transactions monthly and has some 2.5 million users in Venezuela, Bolivia, Peru, Chile y Panama.
In Venezuela it has a private taxi service called «Yummy Rides» that have reached optimum levels of profitability.
Yummy taxi and motorized drivers will now receive mobile payments
Yummy notified the followingnoon of this wednesday september 29 to its users through its application that now mobile payments for its services will be received directly by taxi and motorized drivers.
Before the disposition of the SudebanYummy users paid through the APP for mobile payment.
You can read the full statement here.
Read the news regarding Venezuela. Here.
Visit our news regarding regulations. Here.
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