Nubank Says It Has No Plans to Acquire Monzo

T2Covered by 1 source · first reported by PYMNTS at 01 Oct, 10:47 UTC

Nubank thinks highly of fellow digital bank Monzo but doesn’t want to buy it. The Brazilian lender made that pronouncement Wednesday (Sept. 30) in a securities filing, prompted by recent news reports that it was interested in acquiring the U.K.-based Monzo. “As a matter of general practice, the…