European neobank Bunq filed for a Mexican banking license, saying it aims to serve the growing number of global citizens within, and with ties to, Mexico. With a full banking license, Bunq would be able to offer Mexican residents full-service banking, multicurrency accounts and protected...
British FinTech Revolut has officially launched its banking operations in Mexico. Revolut Bank S.A Institución de Banca Múltiple is the first bank the company has established and launched outside continental Europe, Revolut said in a Tuesday (Jan. 27) news release. “Revolut’s technology will empower millions across Mexico with...
Mexico’s banking sector is reportedly facing pressure from a wave of FinTech challengers. As Bloomberg News reported Friday (Nov. 28), companies like Revolut are expected to begin operating in that country in the first half of 2026, with Brazil’s Nu hoping to become a bank...
Revolut’s international expansion marches on with new banking permissions in Mexico. The U.K. FinTech giant announced Monday (Oct. 20) it had been granted final authorization from the National Banking and Securities Commission (CNBV), with approval of the Bank of Mexico, to start operations as a multiple banking institution in the...
July 17, 2025
Mexico is evolving into a mobile-first consumer market, a shift that presents opportunities for financial services and merchants to optimize cross-channel shopping. The PYMNTS Intelligence report “The 2025 Global Digital Shopping Index: Mexico Edition” revealed that as consumers increasingly use mobile devices for nearly half their purchases, they are demanding integrated digital journeys. Mobile devices […]
May 28, 2025
Over the past decade, annual growth in Mexico’s economy has zigzagged from 2.7% (in 2015) to minus 8.4% (2020) to 3.2% in 2023, IMF data shows. By contrast, Mexican consumers...
January 13, 2025
Digital payments are growing in Latin America as companies like Mercado Libre and TerraPay rapidly advance digital banking and digital wallets in the region. Central bank instant payments mandates and...
October 03, 2024
As the digital payments landscape in Latin America rapidly evolves with nearly 600 million people generating close to $6 trillion in GDP, consumers are shifting away from cash and embracing...
August 19, 2026
Mexico is launching a campaign to steer citizens from cash to digital payments, the Financial Times reported Wednesday (Aug. 19). Part of the effort involves an attempt to rejuvenate Codi, a real-time payments platform similar to Brazil’s widely used Pix, the report said. While past attempts have failed, Mexico’s government said it is making a […]
May 15, 2026
European neobank Bunq filed for a Mexican banking license, saying it aims to serve the growing number of global citizens within, and with ties to, Mexico. With a full banking...
January 27, 2026
British FinTech Revolut has officially launched its banking operations in Mexico. Revolut Bank S.A Institución de Banca Múltiple is the first bank the company has established and launched outside continental Europe, Revolut...
November 30, 2025
Mexico’s banking sector is reportedly facing pressure from a wave of FinTech challengers. As Bloomberg News reported Friday (Nov. 28), companies like Revolut are expected to begin operating in that...
