MEXICO CITY, June 7 (Reuters) - One million people in Mexico have opened savings accounts in Brazilian digital bank Nubank (NUN.MX) one month after the product's launch, the company said on Wednesday, with deposits amounting to 1 billion pesos ($58 million).
Nubank, owned by Buffett-backed Nu Holdings , said it is now present in nine out of 10 municipalities in Mexico.
Nubank announced a $330 million equity capitalization for Mexico late last year, in a bid to expand its footprint in the Latin American country.
In addition to its new savings accounts, Nubank has issued 3.2 million credit cards in Mexico, a country with more than 126 million people.
The bank announced last month it expects to launch digital checking accounts in the South American country by the end of 2023.
Persons:
Nubank, Valentine Hilaire, Sonali Paul
Organizations:
MEXICO CITY, Buffett, Nu Holdings, Citi, Thomson
Locations:
MEXICO, Mexico, Nubank's, Colombia, American