Nu Holdings Commits $4.2 Billion to Mexico Expansion by 2030

Reuters02-12
Nu Holdings Commits $4.2 Billion to Mexico Expansion by 2030

Nu Holdings Ltd. announced a strategic investment plan of US$4.2 billion in Mexico through 2030, reinforcing its long-term commitment to the country. Nu Mexico, already one of the top five financial institutions and third-largest in credit cards issued, is adding around one million new customers each quarter and nearing 14 million customers overall. The company has secured a banking license, with full banking operations set to begin in 2026. This expansion will enable Nu to introduce new products and services, such as payroll portability and higher deposit limits, while also offering greater deposit protection. The investment includes an estimated US$2.5 billion in strategic spending over the next four years, supporting accelerated growth and local adaptation initiatives to better serve Mexican customers.

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