Nubank PJ vs Mercado Pago.
Nubank PJ (N53/100) 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. A close tie.
| M Mercado Pago №72 · BACEN 50 /100 | N Nubank PJ №63 · FDIC 53 /100 | |
|---|---|---|
| Score | ||
| Composite score Out of 100 | 51 /100 | 53 /100 |
| Fees | ||
| Monthly fee Cheapest paid tier (€0 if free) | €0 Free tier | €0 Free tier |
| FX markup Debit card abroad | Interbank | 1.10% |
| Free FX / month EUR equivalent | €0 | €0 |
| Free ATM Before fee kicks in | — | — |
| Protection | ||
| Banking licence Tier | Payment inst. BACEN | Payment inst. FDIC |
| Deposit guarantee Per depositor | Safeguarded AR.SEDESA | Safeguarded BR.FGC |
| Reach | ||
| Markets served Licensed jurisdictions | 5 countries | 3 countries |
| Crypto Coins available | 4 coins | 2 coins |
| Stocks & ETFs Self-directed | Yes | Yes |
| UX | ||
| Trustpilot Customer score | 1.5 ★ 18k reviews | 3.8 ★ 50k reviews |
| App store iOS + Android avg | 4.7 ★ iOS 4.7 · And 4.6 | 4.8 ★ iOS 4.8 · And 4.7 |
| 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 PJ if…
Brazil's default SMB neobank — 3M+ business accounts on a free Conta PJ with PIX instant transfers, FGC-protected deposits up to BRL 250,000 per customer per institution, and Nu Invest integration for idle-cash CDB / LCI / LCA / Tesouro Direto yield. Backed by Nubank Holdings (NYSE: NU), the largest neobank in LATAM by market cap. Operating as a BACEN-supervised full financial institution under Nu Pagamentos S.A., distinguished from US / EU SMB neobanks by genuine full-bank licensing and FGC cover — deposit insurance is real, not a partner-bank pass-through.
- Best for fees Mercado Pago won 1 of 4
- Best for protection Tied
- Best for reach Mercado Pago won 2 of 3
- Best for ux Nubank PJ won 2 of 2
Nubank PJ 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 PJ?
Mercado Pago and Nubank PJ are tied 3–3 across 12 dimensions under our v3 methodology. Composite scores: Mercado Pago 50/100 vs Nubank PJ 53/100. The right pick depends on which dimension you weight most heavily.
Is Mercado Pago or Nubank PJ cheaper?
Monthly fee — Mercado Pago: €0; Nubank PJ: €0. Card FX markup — Mercado Pago: Interbank; Nubank PJ: 1.10%. 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 PJ?
Mercado Pago holds a Payment inst. licence under BACEN; deposit guarantee per depositor: Safeguarded. Nubank PJ holds a Payment inst. licence under FDIC; deposit guarantee per depositor: Safeguarded. Both score equally on regulatory protection rows.
Where can I use Mercado Pago and Nubank PJ?
Mercado Pago operates in 5 countries; Nubank PJ 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.