The Battle for Mexico Savings: Why Nubank, Mercado Pago and Revolut Are Offering 15% on Deposits and How Long It Can Last
Mexico’s banks have spent decades paying savers little to nothing. For a while now, three of the world’s most aggressive fintechs have been dangling 15% annual yields to pull those customers away. However, today, these economics shifting. Here’s the full picture, and what it means for your money.