Nubank will have a banking license in Brazil
Central Bank approves Nubank's purchase of a bank
TL;DR
- Nubank has obtained a banking license in Brazil.
- The license was approved by the Central Bank following Nubank's purchase of Banco Porto Real de Investimentos.
- This marks a significant step for Nubank, which is already the largest digital bank in Latin America.
- The new license will be added to Nubank's existing three licenses: Payment Institution, Financial Institution, and Securities Brokerage.
- Nubank confirmed that the inclusion of the new license does not create additional capital or liquidity requirements.