The intersection between real estate development and the fintech industry in Mexico is a fascinating and rapidly evolving landscape. As both sectors continue to grow and innovate, they have increasingly found common ground in terms of technological advancements, financing solutions, and market expansion opportunities.

One key area where real estate development and fintech intersect is in property financing. Traditional banks in Mexico have historically monopolized the real estate lending market, making it difficult for individuals and small businesses to access capital for property purchases or developments. However, the rise of fintech companies has brought new and alternative financing options to the table.

Fintech startups in Mexico have been quick to identify the untapped potential in real estate financing and have developed innovative solutions to bridge the financing gap. These companies leverage technology to streamline and expedite the loan approval process, reducing paperwork and bureaucracy. This has made it easier and more efficient for individuals and businesses to secure loans for real estate purposes, driving increased investment in the sector.

Furthermore, the use of fintech platforms has also allowed for the democratization of real estate investment opportunities. In the past, investing in real estate was often limited to wealthy individuals or institutional investors. However, fintech solutions such as crowdfunding platforms and real estate investment trusts (REITs) have opened up the market to a wider range of investors. Through these platforms, individuals can pool their resources to invest in real estate projects, gaining access to lucrative opportunities that were previously out of reach.

The intersection between real estate development and the fintech industry in Mexico is also evident in the realm of property technology, or proptech. Proptech refers to the use of technology to improve efficiency and convenience in the real estate sector. Fintech companies have played a crucial role in driving the adoption of proptech solutions in Mexico.

For instance, fintech startups have developed digital payment platforms specifically tailored to the real estate industry. These platforms enable secure and seamless transactions, allowing tenants to easily pay rent online and property owners to receive payments without the need for physical checks or cash. This not only enhances convenience but also has the potential to improve financial inclusion by bringing more individuals into the formal banking system.

Moreover, fintech companies are leveraging data analytics and artificial intelligence to offer personalized real estate recommendations to potential buyers or renters. By analyzing a user’s preferences, financial standing, and other relevant factors, fintech platforms can match individuals with suitable properties, saving time and effort for both buyers and sellers.

In addition to property financing and proptech, real estate development and the fintech industry in Mexico intersect in the realm of market expansion. As real estate demand continues to grow in Mexico, developers are increasingly looking for opportunities beyond traditional metropolitan areas. Fintech companies can provide valuable market insights and data-driven decision support to developers, helping them identify untapped markets and target potential buyers or renters more effectively. This collaboration between developers and fintech firms has the potential to spur real estate development in previously overlooked areas, driving economic growth and improving living conditions.

In conclusion, the intersection between real estate development and the fintech industry in Mexico is a symbiotic relationship that offers numerous benefits to both sectors. Fintech solutions have revolutionized property financing, making it more accessible and efficient for individuals and businesses. Proptech advancements driven by fintech have improved convenience and democratized real estate investment opportunities. Finally, fintech companies are contributing to market expansion by providing valuable insights and data-driven decision support to developers. As these sectors continue to collaborate and innovate, the future of real estate development and fintech in Mexico appears bright and promising.

Georgina Hernández



Financial inclusion is a vital aspect of sustainable development, enabling individuals and businesses to access and participate actively in the economy. However, achieving comprehensive financial inclusion remains a challenge in Mexico due to several factors, including limited access to formal financial services, high levels of informality, and identity-related barriers. In this essay, we delve into an emerging technological solution known as Self-Sovereign Identity (SSI) and explore how its implementation can contribute to financial inclusion in Mexico, promoting economic growth and reducing inequality.

Understanding Financial Inclusion in Mexico:
Mexico, despite being the second-largest economy in Latin America, still faces significant hurdles in achieving financial inclusion. An estimated 37% of Mexican adults lack access to formal financial services, confining them to only cash-based transactions. Informal economies thrive due to the absence of formal identification and a lack of trust in existing financial institutions. Additionally, vulnerable populations, including rural communities, women, and individuals with lower incomes, are disproportionately affected by limited financial access.

Introduction to Self-Sovereign Identity (SSI):
Self-Sovereign Identity (SSI) is a groundbreaking concept that empowers individuals with full control of their personal and digital identities. It enables users to securely assert their unique identity attributes, thereby reducing reliance on third-party intermediaries (governments, financial institutions, etc.). SSI utilizes decentralized and cryptographic technologies, ensuring privacy, security, and the ability to share information selectively.

Enhancing Financial Inclusion through SSI Self-Sovereign Identity:
1. Expanded Access to Formal Financial Services:
One of the primary barriers to financial inclusion is the lack of formal identification documents, particularly in marginalized communities. With SSI, individuals can create and manage their digital identities, enabling them to access financial services remotely, without reliance on physical documents. This empowers underserved populations, integrating them into the formal banking sector.

2. Trust and Security in Transactions:
SSI enhances trust and security by allowing individuals to securely manage and authenticate their digital identities. Through cryptographic protocols and blockchain technology, SSI eliminates the need for intermediaries in identity verification processes, reducing the risk of identity theft and fraud. It also promotes transparency, enabling users to audit their own data and trace the origins of transactions.

3. Fostering Financial Education and Literacy:
Financial inclusion goes beyond access to formal financial services; it also requires knowledge and understanding of financial practices. SSI can act as a facilitator for financial education initiatives. By enabling secure and private digital identities, individuals can access personalized financial literacy programs, empowering them to make informed financial decisions and enhance their economic opportunities.

4. Enabling Financial Mobility:
SSI allows individuals to centralize their identity attributes, including educational qualifications, employment records, and credit histories. With verified and reusable digital credentials, individuals can seamlessly access various financial services, regardless of location or financial institution. This reduces the burdensome process of repeating verification procedures, enabling smooth transitions between providers and facilitating upward financial mobility.

5. Supporting Microfinance and SMEs:
The informality of many businesses and lack of formal identification hinders access to credit for microfinance institutions and small-to-medium enterprises (SMEs). SSI can unlock access to credit by creating a verifiable identity framework for these businesses. Digital identities, tied to reputation and payment histories, provide lenders with accurate risk assessments, enabling the extension of loans to previously underserved entrepreneurs. This enhances the growth potential of microfinance and SME sectors, vital for job creation and economic development.

Incorporating Self-Sovereign Identity (SSI) into Mexico’s financial ecosystem has the potential to revolutionize financial inclusion. By eliminating identity-related barriers, SSI enables individuals to access formal financial services, fosters trust and security in transactions, promotes financial education, and supports the growth of microfinance and SME sectors. Implementing SSI solutions in Mexico will contribute to bridging the financial inclusion gap, empowering individuals, and driving economic growth while simultaneously reducing the inequalities prevalent within the country.



In today’s globalized economy, foreign investors are increasingly seeking to establish legal entities across multiple jurisdictions for various business objectives. However, one must understand the importance of adhering to the ultimate beneficiary owner (UBO) provisions when setting up a legal entity in Mexico within an existing corporate structure. These provisions play a crucial role in promoting transparency, preventing money laundering, and detecting illicit activities. This essay aims to explore the significance of UBO provisions in Mexico’s legal system and their implications for foreign investors.

The UBO of a legal entity refers to the natural person who ultimately owns or controls it. Mexico, like many countries worldwide, recognizes the importance of identifying the UBO as a way to tackle financial crimes such as money laundering, corruption, and tax evasion. The UBO provisions require the identification and disclosure of the individuals with significant control or influence over a legal entity, aiming to identify the true beneficiaries behind complex corporate structures.

When foreign investors establish a legal entity in Mexico within an existing corporate structure spanning multiple jurisdictions, UBO provisions become crucial for several reasons:

1. Enhanced Transparency:
UBO provisions foster transparency by requiring the disclosure of the individuals who ultimately control the legal entity. This ensures that the ownership structure is clear and accessible, helping both authorities and potential investors gain confidence in the business.

2. Prevention of Money Laundering and Illicit Activities:
Identifying the UBO is vital in the fight against money laundering and other illicit activities that exploit complex corporate structures. By disclosing the true beneficiaries, UBO provisions act as a deterrent, making it harder for criminals to hide their involvement in illegal activities.

3. Compliance with International Standards:
Mexico, as a member of the Financial Action Task Force (FATF), is committed to implementing robust regulations against money laundering and terrorist financing. UBO provisions align with international standards and recommendations, ensuring that Mexico remains compliant and attractive to foreign investors seeking lawful business opportunities.

While adhering to UBO provisions in Mexico is crucial, foreign investors may encounter certain implications and challenges during the establishment of a legal entity within an existing corporate structure:

1. Diligence and Documentation:
Investors must diligently identify and document the UBOs in accordance with Mexican regulations. This could involve conducting thorough due diligence, verifying corporate structures and shareholdings, and maintaining accurate records to comply with reporting requirements.

2. Potential Impact on Privacy:
The disclosure of UBO information may raise concerns regarding privacy, particularly for individuals who prefer to maintain their anonymity. Foreign investors must navigate this aspect carefully, balancing the need for transparency with privacy concerns, while abiding by the relevant laws and regulations in both Mexico and other jurisdictions involved.

3. Complex Corporate Structures:
If a legal entity is part of a broader corporate structure across multiple jurisdictions, complying with UBO provisions may become more challenging. Investors must ensure a thorough understanding of the UBO requirements in all relevant jurisdictions and establish effective mechanisms for information sharing and reporting, maintaining consistency and transparency throughout the process.

Establishing a legal entity in Mexico as part of an existing corporate structure across multiple jurisdictions necessitates a comprehensive understanding of the ultimate beneficiary owner provisions. By embracing these provisions, foreign investors can contribute to greater transparency, prevent money laundering, and ensure compliance with international standards. While challenges may arise, diligent adherence to UBO requirements ultimately strengthens the integrity of the global financial system and fosters a conducive environment for foreign investment in Mexico.

Giselle Villanueva



The relevance of Environmental, Social, and Governance (“ESG”) criteria compliance to Mexican companies cannot be understated. As the world increasingly prioritizes sustainability, responsible business practices, and corporate governance, companies that align with ESG principles are better positioned to raise funds, leverage nearshoring opportunities, and take advantage of various financial and commercial benefits.

Firstly, ESG criteria compliance significantly impacts a company’s ability to raise funds. With investors becoming more conscious of the long-term risks associated with unsustainable practices, companies that demonstrate a commitment to environmental stewardship, social responsibility, and strong corporate governance are more likely to attract capital. This is particularly pertinent after the COVID-19 pandemic, where investors are increasingly adopting sustainable investment strategies to ensure resilience and long-term value creation.

Mexican companies that prioritize ESG criteria compliance can tap into a growing pool of responsible investors, including pension funds, asset managers, and impact investors. These investors actively seek out companies with a strong ESG compliance as they recognize that financial performance and positive social and environmental impacts to go hand-in-hand. By aligning with ESG principles, Mexican companies can access a wider range of funding options, reduce their cost of capital, and enhance their reputation, ultimately positioning themselves as industry leaders in sustainable practices.

Secondly, the nearshoring phenomena presents a unique opportunity for Mexican companies, and ESG criteria compliance is a critical factor in taking advantage of this trend. Nearshoring refers to the relocation of business processes and manufacturing operations to countries that offer proximity to key customer markets, yet still provide cost advantages and favorable investment environments. As companies reevaluate their supply chains in the aftermath of the pandemic, Mexico has emerged as an attractive nearshoring destination for both North American and European markets.

To fully leverage the nearshoring phenomena, Mexican companies must demonstrate their commitment to comply with ESG principles. Many international companies now require their suppliers to meet certain ESG criteria, as part of their own commitment to sustainable practices. By complying with these standards, Mexican companies can position themselves as preferred partners for nearshoring initiatives, leading to increased business opportunities, greater operational efficiency, and enhanced market access.

Furthermore, ESG compliance is fundamental to meeting the expectations of international customers and attracting foreign direct investment (“FDI”). In an increasingly interconnected global marketplace, multinational corporations are seeking suppliers and partners that align with their own sustainability strategies. By prioritizing ESG responsibilities, Mexican companies can differentiate themselves from competitors and demonstrate their commitment to ethical practices.

Mexican companies that embrace ESG criteria compliance also stand to benefit from improved operational efficiency. The integration of sustainable practices can drive to cost savings through energy and resource optimization, waste reduction, and improved supply chain management. These efficiencies can, in turn, enhance a company’s competitiveness, profitability, and long-term viability.

Finally, Mexican companies that prioritize ESG criteria compliance can navigate potential legal and reputational risks more effectively. As global regulatory frameworks continue to evolve, companies that fail to adopt sustainable practices may face legal penalties, loss of business opportunities, and reputational damage. By actively addressing ESG concerns, Mexican companies can mitigate these risks, ensure compliance with emerging regulations, and safeguard their long-term growth prospects.

In conclusion, the relevance of ESG criteria compliance to Mexican companies is twofold: it enables them to raise funds and take advantage of the nearshoring phenomena, while also enhancing their financial and commercial considerations. By aligning with ESG principles, Mexican companies can access a wider pool of responsible investors, secure nearshoring partnerships, attract international customers and FDI, improve operational efficiency, and mitigate legal and reputational risks. Ultimately, prioritizing ESG criteria compliance is not only a responsible choice but also a strategic imperative that positions Mexican companies for long-term success in an increasingly sustainable and interconnected global economy.

Yumiko Suzuki