Overview
- The commitment nearly doubles the roughly $1.4 billion Nu says it has invested in Mexico to date.
- Nu reports ongoing dialogue with the CNBV on authorization, calling the process meticulous and focused on system stability.
- The funds will expand credit offerings, open new product lines, and strengthen infrastructure, testing and core technology.
- Once the next authorization is secured, the company plans to launch payroll accounts first, followed by SME lending.
- Nu cites about 13.1 million customers in Mexico and frames the push as advancing inclusion for a population where roughly 60% lacks digital services.