Saturday, February 15, 2025

TransUnion buys out Mexican banks’ stakes in the Mexican Credit Bureau

U.S. credit reporting agency TransUnion has signed a definitive agreement to acquire majority ownership in the consumer credit business of the largest credit bureau in Mexico, Buró de Crédito.

Mexican banks BBVA, Banorte, Scotiabank, HSBC and Santander announced on Thursday that they will separately sell their respective stakes in TransUnion México, which controls the Buró de Crédito.

The buy-out — estimated at US $560 million — leaves TransUnion’s stake in TransUnion México at around 94%, up from 26%, the news agency Reuters reported.

TransUnion has held seats on TransUnion México’s board of directors for over two decades, and serves as one of its technology providers.

In a statement, TransUnion said it plans to tap into Mexico’s rapidly expanding consumer credit market with the purchase.

“Our expansion in Mexico continues our commitment to making trust possible in global commerce,” Chris Cartwright, president and CEO of TransUnion, said in the statement. “Credit bureaus are a catalyst for financial inclusion, and we are excited for the opportunity to bring the benefits of our state-of-the art technology, innovative solutions and industry expertise to Mexican consumers and businesses.”

A Buro de Credito employee sits at an exhibition table in front of a banner for the Mexican credit agency, which has been bought by TransUnion
The Buró de Crédito is Mexico’s largest credit agency. (Asofich/Facebook)

“We look forward to supporting [Mexico’s] digital transformation objectives to empower consumers with increased economic opportunity,” Cartwright added.

TransUnion said it expects to close the deal — which is subject to regulatory approval — by the end of the year and will fund it through cash and debt.

Carlos Valencia, TransUnion’s Latin America regional president, told Reuters that TransUnion expects to offer alternative credit data and fraud mitigation options, while also expanding into insurance and financial technology.

“We anticipate that our planned acquisition of Buró de Crédito’s consumer credit business will strengthen our leadership position in Latin America and will make TransUnion the largest credit bureau in Spanish-speaking Latin America,” Valencia said.

Consumer credit in Mexico is rapidly expanding, and over half of Mexican adults have at least one financial product, according to financial technology newswire Finextra.

Although credit penetration remains lower in Mexico than other Latin American countries, it increased from 34% to 42% of GDP between 2013 and 2023.

“We anticipate integrating the Buró de Crédito consumer credit business into our strong global operating model as part of our International segment,” Todd Skinner, international director ofTransUnion, said in the company statement. “We expect to deliver strong growth over the long term, supported by favorable market dynamics and execution against our growth playbook.”

The bureau’s commercial credit business is to be excluded from the deal, TransUnion said. That arm of the Buró de Crédito is jointly run with Dun & Bradstreet, Reuters reported.

With reports from Reuters, El Economista, La Jornada, Finextra and TransUnion

4 COMMENTS

  1. Lo repito por segunda vez, no hago ningún anuncio sobre ningún prestamista y creo que sería apropiado decir solo algunas palabras sobre este hombre confiable. Fue sorprendente cómo obtuve un préstamo de un prestamista privado después de probar tantas compañías de préstamos diferentes que no pude obtener un préstamo, pero terminé siendo estafado y bloqueado, pero después de conocer al gerente de préstamos privados que es tan sincero y confiable con quien trabajar, pude obtener un préstamo para asegurar mi negocio y pagar mi deuda. Ahora estoy financieramente estable, contáctelo ahora por correo electrónico: ([email protected])

  2. …the above post is a spammy abuse of the MND service… it should be nuked.

    …this is not good news… these insular, arbitrary, and all powerful credit reporting services are not your friend.. a single ‘hard enquiry’ (a credit application) can hose your score by 50 points.. in most cases you have to sign up and pay even to see what your score is?.. access to YOUR score should be free, and the government should make it so. This is not good news for Mexican consumers.

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