Updated September 28, 2026 · VaultCue Editorial Team
Mercado Pago vs Nu Colombia
Mercado Pago
Higher score in this comparison
Nu Colombia
Mercado Pago vs Nu Colombia: the differences
| Compare | Mercado PagoReviewSee alternativesSee alternatives | Nu ColombiaReviewSee alternativesSee alternatives |
|---|---|---|
| Headline rate | 105%Higher | 0.1% |
| Minimum deposit | R$0 | COP 0 |
| Access terms | Money usable at any time, no IOF, accrues daily on business days, no minimum balance | Easy access with no time or minimum deposit requirements; unlimited free transfers to any bank, 1 free ATM withdrawal per month, daily yield shown in the app |
| Monthly fee | R$0 | COP 0 |
Same on both: Rate type (Variable), Account kind (Easy access).
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Key differences
- Mercado Pago scores higher overall: 9.3 vs 8.3.
- Mercado Pago is available in 2 more countries.
- Headline rate is higher at Mercado Pago: 105% vs 0.1%.
- Support channels: only Nu Colombia offers Email.
Our verdict on each
Mercado Pago
Mercado Pago pays a headline rate of 105% on money that stays usable at any time, with a monthly fee of BRL 0 and a minimum deposit of BRL 0, which suits businesses and teens who want a balance that earns while it sits. The rate is variable, so the return can move.
Nu Colombia
Nu Colombia suits anyone in Colombia who wants a peso account for everyday money with no monthly charge and free transfers. The monthly fee is COP 0, the rate is variable at 0.1%, and daily yield suits a holding account rather than a saver.
Score breakdown
| Area | Mercado Pago | Nu Colombia |
|---|---|---|
| Cost | 9.3A monthly fee of BRL 0 and a minimum deposit of BRL 0 on an easy access account. | Not confirmed |
| Offer | 9.2HigherA headline rate of 105% on money that stays available, credited on business days with no minimum balance. | 8.6Fee free to run at a COP 0 monthly fee, with a variable rate of 0.1% and free local transfers. |
| Trust | Not confirmed | 8.1 |
Availability and regulation
| Country | Mercado Pago | Nu Colombia |
|---|---|---|
| Colombia | Not confirmed |
Additional countries for Mercado Pago: 3. Additional countries for Nu Colombia: 1.
Where they rank in our lists
| Ranking | Mercado Pago | Nu Colombia |
|---|---|---|
| Savings accounts | 150 of 1420 | 600 of 1420 |
Sources behind this comparison
Mercado Pago
- mercadopago.com.br: 10 facts, checked September 26, 2026
Nu Colombia
- nu.com.co: 10 facts, checked September 26, 2026
- en.wikipedia.org: 1 fact, checked September 26, 2026
Every fact side by side
| Fact | Mercado Pago | Nu Colombia |
|---|---|---|
| Pricing model | No monthly fee | No monthly fee |
| Legal entity | Mercado Pago Instituicao de Pagamento Ltda. | Nu Colombia Compania de Financiamiento S.A. |
| Headquarters | Brazil | Colombia |
| Founded | Not confirmed | 2020 |
| Support channels | Help centre, Phone | Email, Phone, Help centreCovers more |
Everyday accounts
| Fact | Mercado Pago | Nu Colombia |
|---|---|---|
| Currency conversion fee | Not confirmed | 0.45% |
| Currencies | 2 | Not confirmed |
| Audience | Business, Teen | Not confirmed |
| Features | Digital only | Free ATM |
| Free ATM withdrawals | Not confirmed | COP 1 |
| Transfer fee | Free | 0 COP, unlimited free transfers to any Colombian bank or digital wallet |
Money transfer
| Fact | Mercado Pago | Nu Colombia |
|---|---|---|
| Delivery time | Instant | Not confirmed |
| Fee to send 1,000 | ARS 0 | Not confirmed |
Where each stands against the rest
| Fact | Mercado Pago | Nu Colombia | Median |
|---|---|---|---|
| Headline rate | 105%highest quarter | 0.1%lowest quarter | 3.25% |
Median across 658 listed accounts.
Pros and cons
Mercado Pago
Pros
- A headline rate of 105%, placed 1 of 473 on headline rate here.
- A monthly fee of BRL 0 and a minimum deposit of BRL 0, so nothing is listed to pay for holding the balance.
- Money stays usable at any time, accrues daily on business days, with no IOF charged on the balance.
Cons
- The rate is variable, so the return can move rather than being set in advance.
- Support runs on help centre and phone only, a narrower set of routes than a branch counter.
- The account is digital only, so there is nothing to visit in person.
Nu Colombia
Pros
- A COP 0 monthly fee, so running the account is free
- Unlimited free transfers to any Colombian bank or digital wallet, plus COP 1 free ATM withdrawals a month
- A variable yield of 0.1%, credited daily in the app
Cons
- A yield of 0.1% sits well below the 3.08% savings median
- The rate is variable, so the 0.1% yield can move rather than hold for a term
- Free cash withdrawals are capped at COP 1 a month, and the balance is otherwise moved by transfer
Who each suits
Mercado Pago
Who it suits
- Businesses that park sales money in the account and want it to earn between payments.
- Teen users opening a first account: the audience is listed as business and teen and the minimum deposit is BRL 0.
- Anyone who needs a balance that can be spent on the same day it accrues interest.
Who should look elsewhere
- PayPal Colombia, listed at 3.3% on headline rate, for anyone who wants a far lower advertised figure.
- Readers who want a rate fixed in advance, since the rate here is variable. Plazo ES lists 24.19% and AXI Card Tarjeta y Credito 21.59% for a side-by-side check.
Nu Colombia
Who it suits
- Colombian residents who want a peso account for daily spending
- People who move money often and want unlimited free transfers to local banks and wallets
- Holders who accept a variable low yield in exchange for no monthly charge
Who should look elsewhere
- PayPal Colombia, which lists a headline rate of 3.3% against 0.1% here
- AXI Card, which shows 21.59% for anyone chasing the rate rather than free transfers
- Plazo ES, which lists 24.19% for anyone focused on rate rather than free local transfers
Current offers
Mercado Pago
Current offer
Bonus
Cofrinhos yield 120% of CDI with Meli+: 120% of CDI on Cofrinhos
Active Meli+ subscription; Cofrinhos are part of the Mercado Pago account
Source, checked September 26, 2026
Country by country
| Country | Mercado Pago | Nu Colombia |
|---|---|---|
| Argentina | Yes | No |
| Brazil | Yes | No |
| Colombia | No | Yes |
| Mexico | Yes | No |
Questions about each
Mercado Pago
What rate does Mercado Pago pay on the balance?+
The account pays a headline rate of 105%. The rate type is variable, so the figure can move rather than staying set for a term. Interest accrues daily on business days and the money remains usable at any time.
Is there a monthly fee to pay?+
The monthly fee is BRL 0 and the pricing model is no monthly fee, so there is no recurring charge to keep an eye on. Money also leaves without a listed charge, at ARS 0 per transfer.
Nu Colombia
What does it cost to run the account?+
There is no monthly charge, with a monthly fee of COP 0. Transfers to any Colombian bank or digital wallet are unlimited and free. Currency conversion is charged at 0.45%, below the 0.5% median on the site.
What rate does the balance earn?+
The account pays a variable rate of 0.1%, and the daily yield is shown in the app. Because the rate is variable it can move, and it sits well below the 3.08% median for savings accounts on the site.
Other options to compare
Other matchups
Related by the facts
Mercado Pago
Nu Colombia