{"id":19589,"date":"2026-08-03T12:00:38","date_gmt":"2026-08-03T18:00:38","guid":{"rendered":"https:\/\/miranda-partners.com\/news-and-content\/miranda-intelligence\/fintech-chatter\/mexico-fintech-chatter-july-27-2026\/"},"modified":"2026-11-05T21:39:54","modified_gmt":"2026-11-06T03:39:54","slug":"mexico-fintech-chatter-july-27-2026","status":"publish","type":"post","link":"https:\/\/miranda-partners.com\/es\/news-and-content\/miranda-intelligence\/fintech-chatter\/mexico-fintech-chatter-july-27-2026\/","title":{"rendered":"Mexico Fintech Chatter \u2013 July 27, 2026"},"content":{"rendered":"

Noticias FinTech M\u00e9xico<\/strong><\/h4>

Sofipos May results: Nubank falls, Stori clings to profitability, Klar expands margins<\/strong><\/p>

Financial results in May showed diverging trends for the three largest Sofipos; loan data matched earlier Condusef disclosures. Nubank was the negative surprise of the month, impacted by a surge in interest expenses (specifically in \u201cCosts and expenses associated with granting loans\u201d, a line that consistently totals about MXN 100 mn, but surged to MXN 313 mn in May; the data base includes no explanations); on the bright side, operating expenses declined MoM, and credit quality held steady, with the Adjusted NPL ratio down marginally. For its part, Stori managed to stay in positive territory (much like in April), as a strong top line continued to offset rising provisions; the Adjusted NPL ratio continued to move up, standing at 33.8%: in other words, the company had to write-off more than a third of its loans over the past twelve months. Lastly, Klar had the most positive month of the group, with a sequential reduction in provisions driving the bulk of the MoM improvement.<\/p>

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Fuente: CNBV, Miranda Partners. Cifras en millones de MXN.<\/em><\/p>

Banorte remains optimistic after mostly positive 2Q26 results<\/strong><\/p>

Banorte was among the top gainers in Mexico\u2019s IPC, with its shares up 6.4% last week, following a positive set of 2Q26 results. Management reiterated the company\u2019s 2026 guidance, implying better growth in the second half of the year, between 8% and 11%. During the quarter, the consumer book led growth, up 10% YoY, as the bank has continued to successfully compete with fintechs. \u201cWe\u2019ve always welcomed competition, on a level playing field, and as more fintechs become banks and face the same regulations and rules, we love that\u201d, CEO Marcos Ram\u00edrez said at a press conference.<\/p>

El Economista, 7\/21\/26, Edgar Ju\u00e1rez:<\/strong>\u00a0Banorte expects a better second semester<\/a>.<\/p>

Hard discounter Tiendas 3B pushes CoDi<\/strong><\/p>

For a few stores only, Tiendas 3B, the largest hard discounter in Mexico, restricted payments to cash and CoDi (QR-based instant transfers that, crucially, have no cost) as part of an \u201coperating adjustment\u201d. \u201cPaying with cards is more expensive, to keep our low prices, this store only accepts payments with CoDi and cash\u201d, read posters at a few branches\u00a0posted on X<\/a>\u00a0by some customers. As the company frequently runs limited store-level experiments to evaluate purchasing and promotional strategies, this limited payments initiative may simply be part of its normal testing process and may not ultimately prove significant. Whatever the motivation, the issue brings to attention the\u00a0interchange fee reduction<\/a>\u00a0debate, which, though\u00a0on hold since February<\/a>, remains relevant for card issuers (both banks and non-bank fintechs) who earn substantial revenues from such fees, and for those who pay such fees. Should 3B decide to extend the initiative, as one observer quipped, it may end up doing more to boost CoDi adoption than Banxico has accomplished over the past seven years.<\/p>

Lectura adicional…<\/strong><\/p>