How Mexico’s first digital bank works: bineo

One thing that sets Bineo apart from other banks is that you may apply for a loan there online, eliminating the need to visit a branch.

«We are the first 100% digital bank in Mexico that operates with a public banking institution license with which we can offer the full range of products and services in a single app that is fast, secure, and easy to use. We are a bank regulated and supervised by the financial authorities, which translates into certainty and security for our customers,» stated Bineo CEO Victor Moya.

In addition to being the first digital bank in the country, is a personalized platform for any customer. With the application, users will have at hand a bank that is safe to use and that will give them 24/7 customer support to offer products, benefits, and services at any time they need them.

Carlos Hank Gonzalez, Chairman of the Board of Grupo Financiero Banorte, claims that bineo was developed to satisfy the demands of clients who would rather conduct business entirely online:

Carlos Hank Gonzalez, Chairman of the Board of Grupo Financiero Banorte, claims that bineo was developed to satisfy the demands of clients who would rather conduct business entirely online: «The world has been radically transformed by technology and we created it because there are customers who want to live 100% digitally and who demand that things be done immediately,» He stated.

You can download bineo’s app from the iOS or Android app store on your device. Start the app after downloading it, then select the desired product to apply for a loan or start an account. This document needs to be scanned, thus it’s crucial that you have your ID.

You will then need to proceed with the authentication procedures. Some digital documents will open in the app, and you’ll need to sign them to validate the procedure. Ultimately, all you need to do is generate access keys based on the features the application requests. You will then have access to your bineo account.