Brazil-based Nubank, one of the world’s largest digital financial services platforms, has announced its intention to obtain a full banking license in Brazil in 2026, reinforcing long-term commitment to the country’s financial system.
The inclusion of a banking institution within Nubank’s corporate conglomerate complies with the provisions of Joint Resolution No. 17, issued by Brazil’s Central Bank and the National Monetary Council. The regulation standardizes brand name usage for regulated financial institutions. Nubank confirmed that its brand, name and visual identity will remain unchanged.
According to the company, the announcement will have no impact on customer and all products and services will continue to operate normally. Nubank currently serves more than 110 million customers in Brazil, making it one of the largest digital banking platforms globally.
“Nubank was founded 12 years ago and has been responsible for the inclusion of 28 million individuals in the financial system. Our identity and mission to simplify our customers’ lives will remain the same,” said Livia Chanes, CEO of Nubank in Brazil.
Nubank emphasized that it already fully complies with all applicable regulations and operates with the necessary licenses as a Payment Institution, a Credit, Financing and Investment Company and a Securities Brokerage Company. The addition of a banking license will not materially change capital or liquidity requirements and the company stated that financial strength and resilience will remain unchanged as it continues to expand its ecosystem in Brazil nationally.
