Nelo is a financial technology company based in Mexico that offers an innovative payment method. Founded in 2018, Nelo aims to facilitate financial transactions and improve access to banking services for Mexican users.
The Nelo payment method is based on a mobile application available for iOS and Android devices. It allows users to make online payments, money transfers, and manage their finances conveniently and securely.
Signing up for Nelo is free and fast. Users need to download the app, provide their personal information, and go through an identity verification process to create an account.
Once registered, users can load money into their Nelo account using various methods, such as debit or credit cards, bank transfers, or cash deposits at select partner locations. Once the account is funded, users can make online payments, send money to other Nelo users, and transfer funds to bank accounts.
Nelo also offers a virtual Mastercard debit card that is directly linked to the user’s account. This virtual card can be used to make online purchases and at physical stores that accept Mastercard payments.
To ensure transaction security, Nelo employs advanced encryption and security protocols. Additionally, the app allows users to set PIN codes and passwords to protect their accounts.