Mexico Is Key to Nu's Internationalization; It Goes by Payroll and Credit to SMEs

Mexico is at the center of Nu’s strategy. Not only because it has taken the first step to become a bank to enter other businesses, such as payroll or credit to SMEs, but also because the Mexican market symbolizes the Brazilian neobank’s ability to internationalize. For Iván Canales, director of the firm in the country, the opportunity is enormous because the Mexican economy is one of the largest in the region, and they believe that they can repl…