Key Factors
- Revolut launched in Mexico with a headline 15% financial savings fee, capped at 25,000 pesos ($1,389).
- The agency says it has put greater than $100 million into the nation and targets two million clients by end-2026.
- The transfer raises stress on rivals like Nubank and Mercado Pago, and on large banks that also dominate deposits.
A quantity can change habits quicker than any slogan. In Mexico, that quantity is 15%.
Revolut, the London fintech, has opened banking operations in Mexico. It’s utilizing a excessive financial savings yield to interrupt right into a market the place a couple of incumbents nonetheless set the tone.
The supply is daring, however fenced. Revolut’s phrases say the 15% annual fee applies solely to the primary 25,000 pesos ($1,389) in its “day by day yields” financial savings characteristic.
Above that cap, the yield drops in tiers, round 7% to 7.5% as much as 1,000,000 pesos ($55,556). Increased balances step down once more, reaching as much as 5% within the prime tier. The preliminary promotional window runs from January 27 to January 31, 2026.
That positive print explains the technique. Revolut desires to turn out to be a major account, not a backup card. A capped, above-market fee pulls in smaller savers first. It then tries to maintain them contained in the app for on a regular basis funds and transfers.
Mexico’s benchmark coverage fee was 7.00% on January 28, 2026. The hole suggests the 15% headline is a backed entry supply, not a everlasting reset.
Revolut’s Mexico chief, Juan Guerra, says the corporate deployed greater than $100 million and needs two million clients by end-2026. Earlier than launch, Revolut reported about 40,000 trial customers and roughly 250,000 individuals on a waitlist.
The aggressive goal is evident. Nu Holdings desires a banking license by late 2026. Mercado Pago can be in search of approvals. Conventional banks are answering with higher apps and selective promotions.
Revolut additionally sells reassurance. As a licensed financial institution, deposits fall below IPAB safety as much as 400,000 UDIs, about 3.42 million pesos ($186,000) in October 2025.
The story behind the story is portability. If clients study to modify for yield and repair, fee-heavy fashions get squeezed.
