Mexico
activeWallet / e-money
- HQ
- Mexico City
- Fee
- Freemium / plus SKUs — confirm live
Miio
Mexican IFPE-class payments app. CNBV. Not IPAB. Not a banco múltiple.
Tap a star to jump to reviews
5.7Caution
AlternativesFive questions
At a glance
Is it a bank?
No. Miio is not a bank. Your money sits with Miio Payments / card issuer stack — not a banco.
If it fails?
Not IPAB. IPAB is for banks. Miio is a payments / IFPE-class app. Klar and kubo are SOFIPO (25,000 UDIS). albo is IFPE. Three Mexican objects — this one is payments.
Salary?
Not listed. An IBAN or sort code is not automatically a salary account.
Open from abroad?
Residency and KYC are gated. An App Store listing is not proof you can onboard.
Monthly fee
Freemium / prepaid — confirm live
Account number
No IBAN-class local rail on this file.
NeoBankDB Verdict
Licence first · score second
5.7
/10 · Caution
Miio is a Mexico City payments app (Miio Payments), filed on CNBV IFPE-class lists. It is not IPAB and it is not a banco múltiple. Klar is SOFIPO. Nu México is a bank conversion. albo is the IFPE this desk already scores. Keep a banco current account. Use Miio as spend-and-pay if the app wins. Directories that call it a digital bank are selling an IFPE as a charter.
What it is
Founded 2017, CDMX. Portuguese EV-charging miio.com is a different company. This slug is the Mexican money app. Do not flatten them.
Best for: Mexico residents who want a payments app and already keep a banco salary account.
Last checked 2026-08-30. Not advice.
What it does well
- +Named as payments, not a banco
- +Same IFPE family as albo
- +Not pretending to be Nu’s bank conversion
What to watch
- −Not IPAB
- −Public licence page is thinner than albo’s
- −Directories say neobank
- −Not SOFIPO either
Who holds the money
The account
How money actually moves
- Who holds the cash
- E-money / stored-value — not a bank deposit
- How money moves
- In-app ledger
- Built for
- Personal
- Settlement
- App-ledger instant; bank rails per corridor
- Freeze risk
- Fintech reviews can pause inbound while they check a transfer
- Card
- Miio lists a physical card and a virtual card on mastercard, plus Google Pay. Confirm the live product in the app — a card is not a current account.
Licence first
Safety
Not IPAB. IPAB is for banks. Miio is a payments / IFPE-class app. Klar and kubo are SOFIPO (25,000 UDIS). albo is IFPE. Three Mexican objects — this one is payments.
Who holds the money: Miio Payments / card issuer stack — not a banco
- CNBVIFPE-class — Miio Payments. Not a banco. Not SOFIPO. Not IPAB · Mexico
Fees
- Monthly
- Freemium / prepaid — confirm live
- FX markup
- Not a travel bank
- ATM
- Prepaid schedule
Features
- –IBAN
- ✓Fee-free core
- –Multi-currency
- –Apple Pay
- ✓Google Pay
- ✓Virtual card
- ✓Physical card
- –Metal card
- –Crypto
- –Stocks
- –Business
- –Kids
- –Halal
- MXN payments account
- Prepaid / debit adjacency
- CNBV IFPE-class
- Not IPAB
- Not Klar
Score
- Safety25%
- 4.8
- Fees20%
- 7.2
- Features15%
- 6.4
- App15%
- 6.8
- Global15%
- 3.0
- Support10%
- 5.8
Change log
Full logLicence
CNBV IFPE-class — not IPAB
Miio Payments. Mexico City. Not a banco. Not Klar’s SOFIPO.
Available in
Straight answers
FAQ
01Is Miio a bank?
Miio is not a licensed deposit-taker in the classic sense. Money, if any, sits with Miio Payments / card issuer stack — not a banco.
02How is money protected?
Not IPAB. IPAB is for banks. Miio is a payments / IFPE-class app. Klar and kubo are SOFIPO (25,000 UDIS). albo is IFPE. Three Mexican objects — this one is payments.
03Where is Miio available?
We list 1 market on NeoBankDB. Residency and onboarding rules still sit with Miio.
04Card and wallets?
Miio lists a physical card and a virtual card on mastercard, plus Google Pay. Confirm the live product in the app — a card is not a current account.
05Can I open Miio remotely?
Residency and KYC are gated. An App Store listing is not proof you can onboard from your country.
Ratings and reviews
No published user reviews yet. The NeoBankDB score still comes from licence, fees, and the product — not from an empty star average.
Alternatives
activeNeobank
- HQ
- Mexico City
- Fee
- Freemium / credit SKUs — confirm live
activeFeaturedNeobank
- HQ
- São Paulo
- Fee
- No annual fee on core card