The Financial Espresso: NU in Mx & foreign Exchange;MELI‘s logistics; BTG & Digimais; Import Tax; Elettronic receivables; Flows in pension & investment funds; Arg‘s debt obligations

Research evidence excerpt

The Financial Espresso: NU in Mx & foreign Exchange;MELI‘s logistics; BTG & Digimais; Import Tax; Elettronic receivables; Flows in pension & investment funds; Arg‘s debt obligations

Global Research

7 July 2026ab

The Financial Espresso Equities

Latin AmericaNU in Mx & foreign Exchange;MELI's logistics;

BTG & Digimais; Import Tax; Eletronic Financial

receivables; Flows in pension & investment KaioAnalystPrato

funds; Arg's debt obligations kaio.prato@ubs.com+55-11-3513 6573

Thiago Batista, CFA

Analyst

thiago.batista@ubs.com

+55-11-3513 6518

Camila Azevedo

Associate Analyst

Nubank's investment in Mx & authorization to operate in the foreign exchange camila.azevedo@ubs.com

market +55-11-2767 6881

According to Estadão, Nubank plans to invest US$ 4.2 billion in Mexico over the next Bruno Kenji

four years. The announcement was made on Monday, the 6th, by the country’s Associate Analyst

president, Ms. Claudia Sheinbaum, who earlier that day met with Mr. David Vélez, bruno.kenji@ubs.com

the financial institution’s CEO and founder, at the Mexican government palace. +55-11-2767 6056

Furthermore, according to Valor, Nubank, through its payment institution Nu Beatriz Shinye

Pagamentos, received authorization from the Central Bank to operate in the foreign Associate Analyst

exchange market, as published by the regulator this Monday in the Official Gazette beatriz.shinye@ubs.com

of the Union (DOU). When contacted, Nubank stated that it is continuously assessing +55-11-2767 6569

opportunities to expand and enhance its portfolio of products and services, with a

focus on delivering the best customer experience. Our take: We flag that Nu

announced in Feb that Mexico’s total investments are expected to reach US$4.2

billion by 2030 as the banking launch nears (here).