Loading...

Loading...

Nu Net Income Hits US$1.1 Billion in 2Q26 as Mexico Bank Launches
By Duncan Randall - Tue, 08/25/2026 - 12:26
Nu Holdings posts US$1.1 billion net income in 2Q26, reaches 16 million Mexican users, and officially begins commercial bank operations in Mexico.
https://mexicobusiness.news/tag/banking-sector
More Finance & Fintech
ABM Urges Fiscal Discipline, Spending Efficiency in Mexico
By Duncan Randall - Mon, 08/24/2026 - 10:33
ABM President Emilio Romano urges Mexico to balance its budget, curb PEMEX transfers, and expand tax collection to protect its investment grade.
Farmacias Similares and Stori Launch Co-Branded Card
By Duncan Randall - Wed, 07/15/2026 - 14:07
Farmacias Similares partners with fintech Stori to launch a co-branded credit card targeting unbanked consumers in Mexico.
Nubank to Invest US$4.2 Billion in Mexico Through 2030
By Duncan Randall - Tue, 07/07/2026 - 12:29
Nubank will invest US$4.2 billion in Mexico through 2030, strengthening its expansion in the country's banking sector.
Mexico Remittances Hit US$5.6 Billion in May, 2026 High
By Duncan Randall - Fri, 07/03/2026 - 09:23
Family remittances to Mexico rose to US$5.6 billion in May, the highest monthly level so far in 2026.
Paymentology Unveils Lume Cloud Platform for Card Issuers
By Duncan Randall - Wed, 07/01/2026 - 12:23
Paymentology launched Lume, a cloud-native platform to help banks and fintechs scale global card programs.
Baubap Secures MX$400 Million Credit Line from BBVA Spark
By Duncan Randall - Tue, 06/30/2026 - 12:48
BBVA México’s Spark unit issued a MX$400 million credit line to Baubap via a hybrid structure with SixPoint Capital.
Banorte Taps US$1.3 Billion Tier 1 Debt to Meet Basel III Needs
By Duncan Randall - Mon, 06/29/2026 - 15:52
Banorte placed US$1.35 billion in Tier 1 capital notes in international markets to meet Basel III requirements.
Mexico’s Banco del Bienestar Faces 25 Regulatory Fines
By Duncan Randall - Fri, 06/19/2026 - 14:17
Mexico’s state bank Banco del Bienestar received 25 regulatory fines totaling MX$8.8 million for systemic compliance issues, CNBV said.
Moody's Cuts Mexico World Cup Economic Boost Forecast
By Duncan Randall - Tue, 06/16/2026 - 17:07
Moody's expects Mexico's 2026 World Cup economic boost to fall short as visitor forecasts are sharply reduced.
Sheinbaum Meets JPMorgan’s Dimon on Investment Outlook
By Duncan Randall - Wed, 06/10/2026 - 12:56
Mexico’s President Claudia Sheinbaum met JPMorgan CEO Jamie Dimon to discuss the country’s economy and bilateral investment opportunities.