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Reuters
Brazil’s Nubank rolls out Mexican savings accounts, debit card
Brazil’s Nubank, Latin America’s star financial technology firm, began launching Mexican savings accounts on Wednesday as it looks to scoop up market share in a country where more than half of people do not have such accounts. The digital bank’s Mexican arm, known as Nu Mexico, opened a waiting list for the savings accounts, which will roll out in stages with first access going to current clients and members of the company’s digital forum Comunidad Nu. Backed by investors including Warren Buffett’s Berkshire Hathaway, Nubank was founded in Brazil in 2013 to offer consumers a no-fee credit card.
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