Nu M\u00e9xico press release, 12\/03\/26:\u00a0<\/b>We are making adjustments to our cash-out network<\/a>.\u00a0<\/p> \u00a0<\/p> BBVA Mexico: Playing Offense from a Position of Strength<\/b>\u00a0<\/p> In a presentation\u00a0in Madrid\u00a0to\u00a0analysts and investors,\u00a0BBVA\u00a0provided\u00a0insights\u00a0on its 2025-2029 strategic plan,\u00a0focusing on companies and on Mexico, which in 2025 accounted for half of\u00a0its\u00a0consolidated\u00a0net income.\u00a0An optimistic view on the macro and that\u00a0it leads the market in\u00a0almost all\u00a0segments\u00a0will have come as a surprise to\u00a0virtually nobody\u00a0that is\u00a0vaguely familiar with the bank\u2019s Mexican operations. Nonetheless, we found some of the\u00a0details\u00a0on its evolution over the past years\u00a0quite interesting,\u00a0allowing the bank to become, in its own words, Mexico\u2019s largest fintech.\u00a0\u00a0<\/p> It\u2019s not just that\u00a0BBVA M\u00e9xico has kept on lending (though, clearly, that\u2019s certainly part of it:\u00a0it has grown its market share\u00a0since 2018 in every category, except auto loans): the bank\u2019s significant investments in technology have helped it nudge customers to digital platforms,\u00a0with digital customers growing at a CAGR of 15%\u00a0over the past six years, nearly tripling since 2019.\u00a0<\/p> But perhaps the most telling figures came from credit cards, the\u00a0segment that has seen the greatest competition from fintech challengers: in 2025, BBVA M\u00e9xico issued\u00a0some 2.7 million cards, of which only 22% were in the \u201copen market\u201d, that is, customers with which it\u00a0didn\u2019t already have a banking relationship.\u00a0In absolute terms,\u00a0this growth is close to Nu M\u00e9xico\u2019s 3.1 million;\u00a0in percentage terms, Nu is evidently growing much faster, but\u00a0there\u2019s another key difference:\u00a0Nu has previously\u00a0stated that about half of its customers are first-time card users,\u00a0so starting credit limits must be lower, as risks\u00a0are much higher. CNBV figures confirm this.\u00a0<\/p> (For context, if BBVA\u2019s credit card portfolio had the same\u00a0adjusted NPL ratio as Nu,\u00a0it\u2019d\u00a0result in\u00a0a reduction of close to 15% of its 2025 pre-tax income, all else equal.)\u00a0<\/p> That is not\u00a0to say that BBVA\u00a0hasn\u2019t\u00a0faced challenges of its own,\u00a0perhaps most\u00a0notably back in\u00a0October of last year when its \u201chyper-personalized\u201d new app was launched to\u00a0decidedly mixed reviews<\/a>.\u00a0Moreover, as fintechs\u00a0move away from\u00a0a credit card-only model to\u00a0a wider service offering,\u00a0competition is bound to increase across the board.\u00a0Consumers will\u00a0surely benefit (as they did from the\u00a0fintechs\u2019 aggressive yields on deposits);\u00a0it\u2019s\u00a0much less clear who will win and who will lose on the corporate side.\u00a0<\/p> Company press release, 10\/03\/26:<\/b>\u00a0<\/b>BBVA Outlines Its Roadmap for Mexico Through 2029, Focused on Growth and Transformation<\/a>\u00a0<\/b>|\u00a0Webcast:\u00a0<\/b>Strategic Talks: Enterprises & BBVA Mexico<\/a>\u00a0|<\/b>\u00a0Presentation<\/a>.\u00a0<\/p> \u00a0<\/p> Ual\u00e1\u00a0Launches U.S. Stock Investing in Mexico, Joining a Rather Crowded Room<\/b>\u00a0<\/p> Neobank\u00a0Ual\u00e1\u00a0announced a\u00a0partnership\u00a0with U.S.-based\u00a0DriveWealth\u00a0to launch\u00a0Acciones, a new feature allowing Mexican users to invest in U.S. stocks and ETFs directly through its app. The service enables fractional investing starting from MXN 20 through\u00a0DriveWealth\u2019s\u00a0regulated brokerage infrastructure, which handles execution, clearing, and custody. The launch aims to lower barriers to international investing in Mexico, where only 4.4% of the population currently invests in financial instruments, according to the CNBV.\u00a0Nonetheless,\u00a0there is no shortage of competition in the sector, including\u00a0full service\u00a0brokers (most notably\u00a0GBM and\u00a0Actinver\u00a0in the retail market) and new entrants\u00a0with diverse business models,\u00a0such as Mercado Pago (through its partnership with GBM),\u00a0Webull\u00a0(which acquired a licensed broker) and\u00a0Fintual\u00a0(with a no-frills,\u00a0fully online model).\u00a0<\/p> Global FinTech Series, 11\/03\/26:\u00a0<\/b>DriveWealth\u00a0Powers\u00a0Ual\u00e1\u2019s\u00a0Launch of U.S. Stock Investing in Mexico<\/a>.\u00a0<\/p> \u00a0<\/p> Openbank\u00a0Reignites Mexico\u2019s Digital Savings Rate War with 13% Yield<\/b>\u00a0<\/p> Santander\u2019s digital bank\u00a0Openbank\u00a0raised the yield on its Open+ debit account to 13% annually for balances up to MXN 40,000, reviving competition for deposits in Mexico\u2019s fast-growing digital savings market. The move increases the\u00a0previous\u00a0rate\u00a0from\u00a09% and\u00a0positions\u00a0Openbank\u00a0alongside fintech players such as Nu and Mercado Pago, which also offer 13% returns but with lower caps near MXN 25,000. The bank introduced a tiered structure: balances above MXN 40,000 earn 7.3% up to MXN 1mn and 7% beyond that level. By\u00a0leveraging\u00a0Santander\u2019s balance sheet to offer high promotional yields,\u00a0Openbank\u00a0intensifies the battle between traditional banks and fintech platforms for retail liquidity, reinforcing a\u00a0key\u00a0strategy\u00a0in\u00a0the country\u00a0to attract users through capped high-interest savings products.\u00a0<\/p> El\u00a0Cronista\u00a0M\u00e9xico, 10\/03\/26, Karla Tejeda:\u00a0<\/b>Openbank\u00a0challenges fintechs in Mexico and rekindles a \u201crate war\u201d with 13% and a new MXN 40,000 cap<\/a>.\u00a0\u00a0<\/p> \u00a0<\/p> Konf\u00edo\u00a0Prepares to Become a Bank and Expand SME Financial Services in Mexico<\/b>\u00a0<\/p> SME lender\u00a0Konf\u00edo\u00a0is in the final stage of obtaining\u00a0its\u00a0banking license, a move that would allow the fintech to expand beyond lending into deposits, payments, and treasury management for\u00a0SMEs.\u00a0The company currently\u00a0operates\u00a0as a tech-enabled\u00a0SOFOM,\u00a0and\u00a0aims\u00a0to build a unified platform where SMEs can access credit, manage payments, and hold deposit accounts in one ecosystem.\u00a0Konf\u00edo\u00a0says more than 80% of its clients receive their first business loan through the platform, highlighting its role in serving firms without collateral or banking history. With institutional funding already secured, the company plans to deploy\u00a0roughly MXN\u00a044 bn in loans over the next three years to about 85,000 businesses, reinforcing its strategy of combining credit\u00a0expertise\u00a0and technology to deepen financial access for SMEs.\u00a0<\/p> Latam Fintech Hub, 13\/03\/26,\u00a0Staff:<\/b>\u00a0<\/b>Konf\u00edo, a Mexican SME lending fintech, prepares to become a bank and expand its services in the country<\/a>.\u00a0\u00a0<\/p> \u00a0<\/p> Lectura adicional…<\/b>\u00a0<\/p> \u00a0<\/p> \u00a0<\/p> Noticias de LatAm FinTech<\/b> \u00a0<\/p> Nubank\u00a0Hires Former TikTok Executive to Lead Global Marketing as Expansion Accelerates<\/b>\u00a0<\/p> Nu Holdings appointed former TikTok and Google executive Kim Farrell as global marketing director, signaling\u00a0Nubank\u2019s\u00a0push to expand beyond Latin America and build a stronger international brand. Farrell will oversee global brand strategy, partnerships, and marketing campaigns,\u00a0reporting to co-founder Cristina Junqueira, who leads the company\u2019s U.S. operations.\u00a0<\/p> TechStock\u00b2,\u00a010\/03\/26, Khadija Saeed:\u00a0<\/b>Nubank\u00a0appoints former TikTok executive Kim Farrell as it accelerates its U.S. and global expansion<\/a>.\u00a0<\/p> \u00a0<\/p> Mercado Libre to Invest US$3.4bn in Argentina to Expand Logistics and Fintech Ecosystem<\/b>\u00a0<\/p> Mercado Libre announced it will invest US$3.4 bn in Argentina in 2026, a 30% increase from the US$2.6 bn deployed in 2025, to expand\u00a0logistics\u00a0infrastructure, strengthen its e-commerce platform, and deepen the growth of its fintech arm Mercado Pago. The plan includes building new fulfillment and storage facilities, improving technology capabilities, and hiring about 1,900 employees, bringing its local workforce to\u00a0roughly 16,700. The investment reflects Mercado Libre\u2019s strategy to scale both commerce and digital financial services across its ecosystem, using Mercado Pago to drive financial inclusion and support millions of consumers and SMEs.\u00a0<\/p> El\u00a0Economista, 12\/03\/26, Staff:\u00a0<\/b>Mercado Libre announces a US$3.4bn investment in Argentina for 2026<\/a>\u00a0<\/p> \u00a0<\/p> Nubank,\u00a0WeBank\u00a0and\u00a0MYBank\u00a0Lead Global Digital Banking Ranking as Sector Matures<\/b>\u00a0<\/p> Nubank, China\u2019s\u00a0WeBank\u00a0and\u00a0MYBank\u00a0ranked as the world\u2019s top three digital banks in the 2026\u00a0TABInsights\u00a0World\u2019s Top 100 Digital Banks ranking,\u00a0The report shows digital banks entering a more disciplined phase after years of rapid expansion, with stronger balance-sheet management, diversified revenue streams and improved operational efficiency.\u00a0Nubank\u00a0retained the top spot\u00a0due\u00a0to\u00a0strong customer\u00a0growth\u00a0(reaching\u00a0131\u00a0mn\u00a0users by\u00a02025),\u00a0high\u00a0engagement\u00a0and\u00a0a low-cost operating model, while continuing to expand internationally. The ranking also highlights widening gaps between leading digital banks and smaller peers.\u00a0It outlined that scale,\u00a0funding\u00a0advantages,\u00a0and diversified product ecosystems increasingly\u00a0determine\u00a0competitiveness in the global digital banking market.\u00a0<\/p> The Asian Banker, 13\/03\/26, Wendy Weng:<\/b>\u00a0<\/b>Nubank,\u00a0WeBank\u00a0and\u00a0MYBank\u00a0top the 2026 World\u2019s Best Digital Banks Ranking with strong financial performance and diversified offerings<\/a>.\u00a0<\/p> \u00a0<\/p> Kushki\u00a0Expands\u00a0LatAm\u00a0Payments Infrastructure Through New Partnerships<\/b>\u00a0<\/p> Kushki\u00a0announced strategic partnerships with payment orchestration platforms\u00a0Akurateco\u00a0and\u00a0Spreedly\u00a0to strengthen infrastructure for merchants and payment service providers\u00a0operating\u00a0in Latin America. The integrations combine\u00a0Kushki\u2019s\u00a0local acquiring network and regional\u00a0financial services with\u00a0global orchestration technology.\u00a0The infrastructure would\u00a0enable\u00a0international merchants and PSPs to enter the region through a single integration while improving authorization rates and payment routing. The collaborations aim to reduce the operational and regulatory complexity of Latin America\u2019s fragmented payments ecosystem, helping global companies scale\u00a0to\u00a0digital\u00a0commerce in the region.\u00a0<\/p> FF News\u00a0&\u00a0Mundo\u00a0Ejecutivo, 11\u201312\/03\/26:\u00a0\u00a0<\/b>Spreedly,<\/a>\u00a0<\/b>Akurateco\u00a0and\u00a0Kushki\u00a0Announce Strategic Partnership to Expand Payment Capabilities for PSPs Across Latin America<\/a>\u00a0<\/p> \u00a0<\/p> Lectura adicional…<\/b>\u00a0<\/p> \u00a0<\/p> \u00a0<\/p> \u00a0Noticias mundiales sobre tecnolog\u00eda financiera<\/b>\u00a0<\/p> Revolut Secures Full UK Banking License, Unlocking Lending Expansion<\/b>\u00a0<\/p> Revolut\u00a0achieved a milestone\u00a0when it recently\u00a0obtained\u00a0a full UK banking license,\u00a0after\u00a0going through\u00a0more\u00a0than a year of regulatory review. The license\u00a0will allow\u00a0the fintech to\u00a0operate\u00a0as Revolut Bank UK Ltd. and expand its services beyond payments into lending and deposit-taking in its home market. The approval enables Revolut to migrate UK customers to the new banking entity and offer products such as credit cards, loans, and savings under a fully regulated structure. The move marks major\u00a0progress\u00a0in\u00a0the company\u2019s strategy to deepen its banking capabilities and strengthen its position as a global digital bank,\u00a0amidst\u00a0intensifying\u00a0competition\u00a0between\u00a0fintech\u00a0expansion\u00a0in\u00a0regulated\u00a0lending markets.\u00a0<\/p> Bloomberg, 11\/03\/26, Aisha S Gani:\u00a0<\/b>Revolut set to win full UK banking license, paving the way for lending expansion<\/a>.\u00a0<\/p> \u00a0<\/p> Ripple Launches $750mn Share Buyback at $50bn Valuation<\/b>\u00a0<\/p> Ripple launched a $750\u00a0mn\u00a0share buyback that values the blockchain payments company at $50 bn, reinforcing its position among the world\u2019s most valuable crypto firms despite recent volatility in digital asset markets. The tender offer will allow employees and early investors to sell shares through April and\u00a0follows\u00a0Ripple\u2019s broader expansion strategy, including acquisitions aimed at building infrastructure in brokerage and stablecoins. The move signals confidence in the company\u2019s long-term growth as it\u00a0seeks\u00a0to diversify beyond cross-border payments and strengthen its role in the evolving global crypto and digital payments ecosystem.\u00a0<\/p> Bloomberg, 11\/03\/26, Rebecca Torrence and Olga Kharif:\u00a0<\/b>Ripple launches US$750mn share buyback at a US$50bn valuation<\/a>.\u00a0<\/p> \u00a0<\/p> London Overtakes New York and San Francisco as World\u2019s Leading Fintech Hub<\/b>\u00a0<\/p> London has surpassed San Francisco and New York to become the world\u2019s largest fintech hub, driven by\u00a0strong growth\u00a0in European fintech investment and a slowdown in funding for major U.S. centers.\u00a0Data\u00a0from growth capital firm Finch\u00a0Capital revealed\u00a0a\u00a037%\u00a0increase in\u00a0European fintech funding\u00a0between\u00a02022 and 2025\u00a0(to reach\u00a0\u20ac40\u00a0bn)\u00a0matching\u00a0total funding in the United States after a 13% decline.\u00a0The shift highlights Europe\u2019s growing strength in regulatory-focused fintech segments such as compliance and financial software. However, the\u00a0report\u00a0warned that\u00a0the\u00a0region\u00a0still faces challenges in late-stage funding, where large investment rounds\u00a0remain\u00a0heavily backed by U.S. investors. Analysts say increased venture capital participation from European pension funds could significantly expand funding capacity and further accelerate the region\u2019s fintech ecosystem.\u00a0<\/p> Reuters, 12\/03\/26, Leo Marchandon:\u00a0<\/b>London overtakes San Francisco and New York as the top fintech hub, growth capital fund says<\/a>.\u00a0<\/p> \u00a0<\/p> Lectura adicional…<\/b>\u00a0<\/p>![\"\"](\"https:\/\/miranda-partners.com\/wp-content\/uploads\/2026\/03\/ad25eba1245a6869.png\")
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