Can Nubank Repeat Its Brazilian Success in Mexico and Beyond?

Key Takeaways NU's Mexico unit is growing at 10% per quarter, half the pace it saw reaching 10M users in Brazil. New banking licenses in Mexico could let NU offer payroll loans and deposit insurance. Mexican banks are preemptively countering NU, unlike in Brazil, where incumbents were unprepared.The rapid expansion of Nu Holdings Ltd. (NU) in Brazil has set a high bar, but replicating that momentum in Mexico may prove more complex. Although Nubank Mexico launched with a more aggressive rollout than its Br ...