Overview
- Of the projected total, about $2.4 billion is earmarked for strategic capex and opex over the next four years, according to the company.
- Nu México holds an initial banking authorization granted in April 2025 but continues to operate as a sofipo pending final regulatory approval.
- The operation nears 14 million customers after adding roughly 1 million per quarter, representing about 14% of Mexico’s adult population and ranking third in credit cards issued.
- Full bank status would permit payroll portability, higher deposit limits, and depositor protection through IPAB insurance.
- Nu reports faster growth in Mexico than at comparable stages in Brazil, with 78% of clients outside major cities, nearly half obtaining their first credit card through Nu, and about 22% previously transacting only in cash.