Banorte Acquires Full Ownership of RappiCard for $50 Million and Signs 15-Year Exclusive Fintech Pact

Mexican financial group Banorte has completed its acquisition of the remaining 44.28% stake in Tarjetas del Futuro, the company behind RappiCard, the digital credit card venture it operated jointly with Colombian super-app Rappi, for $50 million. Following approval from Mexico's National Antitrust Commission, Banorte now holds 100% of Tarjetas del Futuro (TDF), the company behind RappiCard, which had about 1.14 million cardholders at the end of 2024.

Alongside the stake purchase, agreed in April 2025, the two companies signed a 15-year exclusive commercial agreement under which Banorte will offer financial products within the Rappi ecosystem in Mexico.

BANORTE TAKES FULL CONTROL OF TARJETAS DEL FUTURO

The operating entity behind RappiCard, Tarjetas del Futuro — Cards of the Future — is now wholly owned by Banorte; the business was previously a joint venture.

Banorte has characterised the transaction as a core component of its broader digital strategy as it seeks to deepen its reach among Mexico's digital banking population.