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2024-05-02 07:34:20
A new digital bank arrived in Mexico that would be added to the Nu and Stori competition, since the National Banking and Securities Commission (CNBV) has already approved the new offer; But what is it and what services does it offer?
Nu arrived in Mexico in 2019-2020offering different benefits, including avoiding going to banks, since all their procedures are carried out virtually, gaining weight due to the pandemic.
Since then, Other digital banks have arrived in Mexicolike Stori and the more recent Bineo, although in the latter case it is owned by Banorte.
CNBV approves arrival of new digital bank in Mexico: Revolut
On April 22, in the Official Gazette of the Federation (DOF) it was shared that the CNBV approved the arrival of a new digital bank to Mexico, Revolutcoming from the United Kingdom.
According to him, Revolut Bank will be considered a multiple banking institution for an indefinite period in Mexico and will be under the supervision of the CNBV.
This was noted in the decree shared by the Ministry of Finance and Public Credit, mentioning that Revolut Bank I had already requested the authorization to operate in Mexico from 2022.
Revolut will operate as subsidiary multiple banking institution Revolut Bank UAB (which will be considered a foreign financial institution in Mexico), since it presented documentation in order and a favorable opinion.
The document also stipulated that the CNBV unanimously approved that Revolut Bank operates as a multiple banking institution, as long as it has a capital of one thousand 811 million 791 thousand 055 pesoswhich will be verified.
For its part, through a statement, Revolut Bank, the new digital bank in Mexicoannounced that it will begin with a probable investment of more than 100 million dollars in 2024, money destined mostly to maintain liquidity ratios.
What is Revolut, the new digital bank in Mexico? These are the services offered
Although there is no scheduled date for the new digital bank begins operating in Mexicowe tell you what is Revolutin addition to what services does it offer u will offer according to what has been indicated.
Revolut Bank is a digital bank created in 2015 in the United Kingdomwhich has more than 40 million account holders in much of the world, soon in Mexico, although already with a presence on the American continent.
Your offer as digital bank It is like the rest, its procedures are carried out only online, although it also gives you a card, just like NuHowever, you can choose the color and customize it.
This is indicated on the Spanish internet portal of Revolut Bankhowever, It is unknown if the exposed plans and card designs will also be applied in Mexico.
According to an interview given by the executive director of Revolut in Latin America, Juan Guerra for Reuters, one of the services of the digital bank in Mexico will be remittances.
Besides that Revolut Bank, the new digital bank in Mexico You will have personal and business accounts with greater financial control, perhaps in reference to the fact that you can set a spending limit.
New digital bank in Mexico will give competition to Nu: Revolut (Revolut screenshot)
2024-05-02 07:34:20