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Opera Limited announced the launch of its fintech nanobank service in Mexico

August 25, 2020

Norwegian company Opera Limited announced the launch of its Nantech fintech service in Mexico. This was reported by El Financiero on August 24th.

According to this medium The Nanobank combines its micro-credit business with the range of services from Mobimagic.

“Frode Jacobsen, Chief Financial Officer of Opera Limited, said the company has already started operations in India, where it has a relationship with 3 percent of the population and 18 percent of the unsanitary population, but expected the company to be on his Business activity. ” Services are reaching Mexico, where they believe their business has a bright future because of the high level of people who do not have banking services, “the publication said.

Opera Limited announced the launch of its fintech nanobank service in MexicoOpera Limited announced the launch of its fintech nanobank service in Mexico

Jacobsen expressed: “We have prepared this market together and are about to scale up. I think in terms of building a business function, this is an area Opera will continue to be involved in.”.

On the other hand, Derrick Neumen, vice president of investor relations stated that Mexico has the opportunity to be very similar to Indonesia in terms of scale for fintech companies. “There are other markets that the nanobank is considering that, in turn, would fall into large populations without banks,” he noted.

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