Banorte
Mexicofintech
Banorte is a Mexican financial group providing a wide range of banking products and services, including credit cards, loans, savings accounts, and investment options. It operates both traditional banking and digital banking initiatives, such as its digital bank Bineo, which was launched to compete with fintech players like Mercado Pago and Nubank. The company serves individual consumers, businesses, and public entities across Mexico. Banorte has significant market traction, evidenced by its acquisition of RappiCard from Rappi for $50 million, adding over 1.14 million cardholders. It is one of the largest financial institutions in Mexico, with a strong focus on digital transformation.