Iván Canales, general director of NU in Mexico, said in a press conference that Mexico is one of the key countries of the Brazilian company, so investments will continue, although it did not give details of the amounts to invest.
“We are already working to formally ask the CNBV for the start of operations audit, but we do not have the exact date,” said Romina Benvenuti, legal director of the company.
After this audit occurs by the CNBV, permits will be given to start operations.
Iván Canales stressed that in Brazil, NU managed to obtain the equilibrium point in eight years, but omitted to answer how much the same process will take in Mexico.
“Our global costs are much lower, which will allow us a profitable model,” he said.
What will happen to the bench accounts?
“The fact that we transit to a bank license does not change our value proposal, the account product has been a watershed for the savings of millions of Mexicans,” said Canales.
While NU customers will not see any change in their account, once it operates as a bank you can increase credit lines, give payroll products, have greater protection by the IPAB and offer products to SMEs.
