Nubank vs Mercado Pago.
Nubank (N72/100) and Mercado Pago (M50/100), scored on the same six pillars and compared row-by-row. Every cell is sourced from licence registers and live pricing pages, not opinion. Nubank leads Mercado Pago 6-2.
| M Mercado Pago №57 · BACEN 50 /100 | N Nubank №25 · BACEN 72 /100 | |
|---|---|---|
| Score | ||
| Composite score Out of 100 | 51 /100 | 72 /100 |
| Fees | ||
| Monthly fee Cheapest paid tier (€0 if free) | €0 Free tier | €0 Free tier |
| FX markup Debit card abroad | Interbank | 4.00% |
| Free FX / month EUR equivalent | €0 | €0 |
| Free ATM Before fee kicks in | — | — |
| Protection | ||
| Banking licence Tier | Payment inst. BACEN | Full bank BACEN |
| Deposit guarantee Per depositor | Safeguarded AR.SEDESA | €250,000 BR.FGC |
| Reach | ||
| Markets served Licensed jurisdictions | 5 countries | 3 countries |
| Crypto Coins available | 4 coins | 5 coins |
| Stocks & ETFs Self-directed | Yes | Yes |
| UX | ||
| Trustpilot Customer score | 1.5 ★ 18k reviews | 3.1 ★ 2k reviews |
| App store iOS + Android avg | 4.7 ★ iOS 4.7 · And 4.6 | 4.8 ★ iOS 4.9 · And 4.8 |
| Read review → | Read review → | |
Pick Mercado Pago if…
The dominant LatAm digital wallet by user count (~50M+ actives across AR, BR, MX, CL, CO). MercadoLibre subsidiary, public via NASDAQ: MELI. The high-inflation hedge play — Argentine yield product (Rendimientos) is a near-mandatory account for ARS holders.
Pick Nubank if…
Pick if you bank in Brazil and want the dominant local digital bank with full BACEN supervision.
- Best for fees Mercado Pago won 1 of 4
- Best for protection Nubank won 2 of 2
- Best for reach Tied
- Best for ux Nubank won 2 of 2
Nubank vs Mercado Pago — FAQ
Quick answers to the four questions the search-bar asks most about a head-to-head.
Is Mercado Pago better than Nubank?
Under our v3 methodology, Nubank leads Mercado Pago 6–2 across 12 dimensions. Composite scores: Mercado Pago 50/100 vs Nubank 72/100. Nubank is stronger overall, but the right pick depends on which row matters most to you — fees, protection, reach, or app quality.
Is Mercado Pago or Nubank cheaper?
Monthly fee — Mercado Pago: €0; Nubank: €0. Card FX markup — Mercado Pago: Interbank; Nubank: 4.00%. Mercado Pago wins more fee rows (1 of 4). See the Fees section of the matrix above for ATM caps and the rest.
Which is safer for deposits, Mercado Pago or Nubank?
Mercado Pago holds a Payment inst. licence under BACEN; deposit guarantee per depositor: Safeguarded. Nubank holds a Full bank licence under BACEN; deposit guarantee per depositor: €250,000. Nubank is the stronger pick on regulatory protection.
Where can I use Mercado Pago and Nubank?
Mercado Pago operates in 5 countries; Nubank operates in 3 countries. Check each provider's signup page for the live country list — eligibility depends on residency, not just the licence footprint.
Want a 3- or 4-way comparison?
The dynamic compare picker handles up to four banks. Add this pair plus one or two more and we'll resolve every row.