PANews|Jul 10, 2026 14:43
[Crypto-Friendly Bank Nubank Obtains Mexican Banking License, Plans to Accelerate Local Business Expansion]
According to Bloomberg, the parent company of Brazil's crypto-friendly digital bank Nubank, Nu Holdings, has been granted an official banking license by Mexico's financial regulator, the Comision Nacional Bancaria y de Valores. This allows Nubank to offer services such as payroll accounts, checking accounts, higher deposit limits, and more loan products in the local market. Since entering Mexico in 2019, Nubank has invested billions of dollars and currently has over 15 million customers, accounting for approximately 15% of the adult population in the country. Founder and Global CEO David Vélez stated that total investments in Mexico are expected to reach approximately $4.2 billion by 2030.
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