Nu Holdings Ltd. has achieved a significant milestone in its expansion strategy with the approval of a banking license by Mexico's National Banking and Securities Commission (CNBV) in April 2025. This regulatory approval allows Nu to operate as a bank in Mexico, facilitating the introduction of new products and services such as payroll portability. This move is part of Nu's broader strategy to enhance its presence in the Mexican financial market, aiming to become the largest financial institution in the country over the next decade. The license will also enable Nu to enter new segments like Small and Medium-sized Enterprises (SMEs), leveraging synergies between customer and SME ecosystems.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Nu Holdings Ltd. published the original content used to generate this news brief on August 18, 2025, and is solely responsible for the information contained therein.