European New Bank Bonk It has applied for a Mexican banking license, saying it aims to serve the growing number of global citizens within and with relationships in Mexico.
With a full banking license, Punk will be able to offer Mexican residents full banking services, multi-currency accounts and deposits protected by law. Institute for the Protection of Bank Savings (IPAB), the company said on Wednesday (May 13). press release.
“Bunq is designed for people who live, work and travel across borders, and as a vibrant hub connecting the Americas, Mexico is a natural home for us,” Founder and CEO, Bunq Ali Niknam he said in the release. “Our users are global citizens, so they need a bank that is safe and easy to use.”
The company operates in more than 30 European markets. It was recently approved for a U.S. broker-dealer license and applied for a new U.S. banking license, according to the release.
When announcing its submission for US de novo Banking license In January, Bong said he was targeting “digital nomads” who live and work between the United States and Europe.
Once the license is approved, Bunq will launch services starting in US metro areas with large expatriate communities, the company said. It said it could help these users build credit quickly, which is often a challenge for newcomers, by accessing European financial records.
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Bunq has received its approval for the United States Broker-dealer license In October. The company said at the time that this license enables its users to invest in US stocks, including mutual funds and exchange-traded funds (ETFs), and represents the first stage of its entry into the United States.
In announcing the approval, Nicknam said that for many of the global citizens the company serves, the United States is an important part of their lives.
“That’s why we’re excited to bring Punk to the United States and make life easier for Americans and anyone who calls it home,” Nickname said.
Bunq announced in September that on the 10th anniversary of its first app, it had 20 million users across Europe and was the second largest in the region. neobank. There, it offers bank accounts, savings accounts, cards, stocks, and cryptocurrencies.
