Nu Mexico, a subsidiary of Nubank, has reached a significant milestone with 12 million customers in Mexico, representing 25% of the country's banked population. The company has been instrumental in transforming the financial lives of its clients through its digital financial services. According to the "Impacto Nu: From Access to Well-being" study, nearly 60% of Nu Mexico customers report using less cash and actively saving with Nu's "Cajitas." The platform has become an accessible gateway to the formal financial system, particularly benefiting women and low-income individuals, with 40% of customers previously rejected by other institutions. Additionally, Nu's impact extends beyond finance, with 86% of customers noting a high positive effect on emotional well-being, family relations, and overall lifestyle.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.