Fintual enters into competition with GBM
Mercado Pago partners with Tapi
Two fintechs join forces to understand Gen Z
Open Bank in Mexico
#1
Fintual challenges GBM with a new option
Fintual has launched Fintual Acciones, a tool that allows users to invest in U.S. stocks and ETFs without commission fees for buying or selling. Unlike GBM, it does not operate as a brokerage firm in Mexico, instead opening accounts with a U.S. broker. It stands out for allowing fractional purchases, but charges for currency conversion and does not offer Mexican or European assets. Its regulation in the U.S. could be a barrier for some investors.
#2
New alliance in digital payments
Mercado Pago has formed a strategic partnership with Tapi to transform the digital payments ecosystem in Mexico. This collaboration aims to improve the efficiency and accessibility of electronic transactions, offering new solutions to users and businesses. With this initiative, Mercado Pago strengthens its position in the financial sector and accelerates the digitalization of payments in the country.
#3
Finance for Gen Z
The fintech NG.Cash, specialized in digital accounts for Generation Z, will integrate the user base of its competitor Z1.
With this acquisition, NG.Cash surpasses six million users, consolidating itself as the preferred option among those under 18, ahead of Nubank. In May, Nubank had announced reaching three million customers in this age segment.
#4
Openbank: The neobank in Mexico
The 100% digital neobank from the Santander Group arrived in the U.S. less than a month ago, and since this week, it operates across all of Mexico, offering a complete range of financial products: interest-bearing accounts, debit and credit cards.