Bloomberg: Nu and Revolut Pursue Bank Licenses in Mexico
Photo by Marija Zaric on Unsplash
TL;DR: Fintech firms Nu and Revolut are pursuing banking licenses in Mexico, reported by Bloomberg. The companies seek to capitalize on Mexico's expanding middle class, solidifying their presence and broadening financial services within the nation. Fintech companies Nu and Revolut are vying for banking licenses in Mexico, according to a Bloomberg.com report. Both firms aim to tap into the wealth of the country's growing middle class. This move positions Nu and Revolut at the forefront of a fintech push to expand services and establish a formal banking presence in the.
Key takeaways
- Fintech companies Nu and Revolut are vying for banking licenses in Mexico, according to a Bloomberg
- Both firms aim to tap into the wealth of the country's growing middle class
- This move positions Nu and Revolut at the forefront of a fintech push to expand services and establish a formal banking presence in the Mexican market
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