Nubank and Revolut have reached break-even in Mexico, marking a significant milestone in the adoption of digital banking solutions over traditional banks. In Q1 2026, Nubank reported reaching 15 million customers, becoming the third-largest bank in Mexico. The company plans to invest $4.3 billion through 2030 to expand its operations in the country. Revolut, which began operations in Mexico in January, has also scaled its investment to $167 million. By March, it had registered over 290,000 customers and accumulated $218 million in deposits. Both neobanks are capitalizing on Mexico's growing demand for digital banking, with only 46% of the population currently banked, and a potential market exceeding $40 billion annually.