About
Nelo is a Mexican buy-now-pay-later app run by Nelo Mobile, S.A. de C.V. and supervised by the Ministry of Finance and consumer agency PROFECO. Users sign up with their CURP and INE and get instant approval for a small credit line, starting at about MXN 300, that grows over time. Purchases are repaid over one, two or four fortnightly (quincena) instalments rather than a revolving card balance. The credit works in Nelo's own Tienda Nelo marketplace, at partner checkouts, through Google Wallet and a physical card for VIP members, and for bills and phone top-ups. Launched in 2021, Nelo says it has issued more than 40 million credits (2026).
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