Ualá
in Mexico 🇲🇽
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About Ualá in Mexico
Ualá is a digital bank operating in Mexico as an Institución de Banca Múltiple (Multiple Banking Institution). Originally founded as an Argentine fintech company, Ualá entered the Mexican market in September 2020 and obtained full banking status in 2023 through the acquisition of ABC Capital bank.
The institution combines fintech innovation with traditional banking capabilities, offering a fully digital banking experience through its mobile application. With over 1.7 million users in Mexico as of 2024, Ualá positions itself as a financial inclusion leader, targeting both the banked and unbanked populations with accessible, low-cost digital financial services.
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