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-0.000113605626183319 -0.000540979172301759 0 -0.000540979172301759 0.00216391668920761 0.00486881255071679 0.00221260481471467 0.00676223965377333
Stock impact report

Revolut Launches Mexico Bank With 15% Deposit Rate [Yahoo! Finance]

Nu Holdings Ltd. (NU) 
Company Research Source: Yahoo! Finance
America's most concentrated financial markets with a 15% interest rate on deposits designed to attract early adopters. Speaking in Mexico City, local head Juan Guerra said the London-based digital bank has committed $100 million of capital to support its expansion, with a stated ambition of reaching two million clients by the end of the year. The launch marks a key step for Revolut as it looks to translate its global fintech scale into meaningful traction in Mexico's embattled banking landscape. Warning! GuruFocus has detected 6 Warning Signs with OSTO:GREEN. Is NU fairly valued? Test your thesis with our free DCF calculator. The rollout follows a limited trial phase in which Revolut attracted around 40,000 customers, while demand appeared to build ahead of the official launch, with roughly 250,000 users joining a waiting list. Guerra indicated that additional products and services are expected to be introduced over the coming months, suggesting the initial high-yield deposit of Show less Read more
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