Nu Mexico Receives Banking License Approval, Paving the Way for Product Portfolio Expansion and Increased Financial Inclusion
Nu Holdings Ltd. (NU)
Company Research
Source: Business Wire
Nu will continue operating as a SOFIPO during its transformation process, providing the same seamless user experience ahead of beginning operations as a bankThe license marks a key step for Nu to increase competition in the highly concentrated Mexican banking market MEXICO CITY--(BUSINESS WIRE)--Nu Mexico, a subsidiary of Nubank, announced today the approval of its banking license by the National Banking and Securities Commission (CNBV). With this milestone, Nu has become the first Popular Financial Society (SOFIPO) to obtain approval to transform into a bank, opening the path to increased competition in the Mexican financial sector. This milestone brings the company closer to expanding its product portfolio, including the introduction of a payroll account, a key opportunity to increase financial inclusion in Mexico where only 36% of adults have this financial instrument (National Financial Inclusion Survey, 2024), with 90% concentrated in just four banks.“Mexico is a key pillar of
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NU
Earnings
- 11/13/25 - Beat
NU
Sec Filings
- 12/3/25 - Form 6-K
- 11/26/25 - Form 144
- 11/25/25 - Form 144
- NU's page on the SEC website