Banco Plata is a fully licensed digital bank in Mexico offering credit cards, investments and PyME business banking through a mobile app, using AI to serve underbanked consumers.
Banco Plata, S.A., Institución de Banca Múltiple is a fully licensed digital bank founded in 2023 and headquartered at Mariano Escobedo 476 in Mexico City. The bank serves underbanked consumers in Mexico through a 100% digital operating model, combining artificial intelligence with product design in areas including credit products, mobile application development and digital banking technology. Its founding team brings expertise from Tinkoff, one of the world's most profitable digital banks.
Products include credit cards offering cashback rewards of up to 15%, investment accounts, and business banking solutions for small and medium enterprises (PyMEs). All products are accessible through a single mobile application, which the bank describes as the primary interface for its customers.
Banco Plata reports a valuation of $5 billion and more than 3 million active credit card users. The company describes itself as the fastest-growing financial institution in Latin America and the largest private digital bank by number of customers in the region. Its stated priorities include security, transparency and personalized customer service, alongside a mission to change the way Mexicans interact with money and to broaden access to financial services.
