Bunq files for banking licence in Mexico

Neobank bunq has applied for a banking licence successful Mexico with the Comisión Nacional Bancaria y de Valores (CNBV), successful coordination with Banco de México (Banxico).

The exertion would let the Dutch neobank to grow its beingness successful the state and supply banking services to residents successful Mexico, including those who look barriers successful accessing section banking.

If approved, the licence would alteration bunq to supply afloat banking services, multi-currency accounts and deposit extortion done the Institute for the Protection of Bank Savings (IPAB).

Bunq presently operates successful much than 30 European markets.

The Mexico filing comes arsenic the institution continues its planetary enlargement aft applying for a US de novo banking licence and securing support for a US broker-dealer licence.

The institution said it was the archetypal EU neobank to station a afloat twelvemonth of profit.

Bunq laminitis and CEO Ali Niknam said: “bunq is designed for radical who live, work, and question crossed borders, and arsenic a captious hub connecting the Americas, Mexico is simply a earthy location for us.

“Our users are planetary citizens, truthful they request a slope that is safe, unafraid and casual to use, wherever they are. It’s been large moving with CNBV and Banxico connected however we tin marque beingness casual for those who telephone Mexico home.”

In January, bunq filed a ceremonial exertion with the US Office of the Comptroller of the Currency (OCC) for a de novo banking licence successful the US.

According to bunq, eligible users successful the US would beryllium capable to unfastened some American and European existent accounts.

"Bunq files for banking licence successful Mexico" was primitively created and published by Retail Banker International, a GlobalData owned brand.

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